Signal backtest

90% of signals have moved 5% in their direction

Every signal is scored against what followed: whether the price moved 5%, 10%, 15% or 20% in the signal’s direction within two years of opening, how long that took, and the return if simply held.

771
signals scored
51.8%
reached +5%
13
signal patterns

What the data shows

01

Company size

81% of mega-cap signals reached +20%, against 70% overall. Only 5% of signals are mega caps.

02

Distance below what funds paid

Bullish signals that opened 35–50% below what funds paid reached +20% 78% of the time, against 67% for those 5–15% below.

03

Reaching a level vs. holding on

90% of signals reached +5% at some point, but the median bullish signal was +9.1% two years after opening, and the median bearish one +0.8%.

771 signals opened in the last 3 months · Large Cap · any distance from what funds paid

Threshold met Not met, but profitable Open Loss

Holding value drop: worst 5%

Bearish

43 signals

74%
5%
10d median
51%
10%
21d median
33%
15%
29d median
23%
20%
37d median

Holding value drop: worst 10%

Bearish

151 signals

74%
5%
14d median
56%
10%
22d median
37%
15%
34d median
25%
20%
38d median

Top-10 holder growth: top 10% of sector

Bullish

51 signals

71%
5%
8d median
55%
10%
16d median
29%
15%
18d median
24%
20%
20d median

Top-performing funds doubled stake

Bullish

25 signals

60%
5%
13d median
36%
10%
24d median
24%
15%
28d median
12%
20%
35d median

New positions: 3× sector average

Bullish

79 signals

57%
5%
11d median
41%
10%
18d median
29%
15%
20d median
22%
20%
23d median

Most funds doubling stake vs. market cap peers

Bullish

159 signals

55%
5%
11d median
35%
10%
20d median
25%
15%
25d median
15%
20%
33d median

Call option value: 3× sector average

Bullish

212 signals

50%
5%
10d median
33%
10%
14d median
25%
15%
15d median
19%
20%
18d median

New positions: top 10% of sector

Bullish

374 signals

49%
5%
11d median
31%
10%
19d median
20%
15%
22d median
13%
20%
23d median

Net inflow: top 10% of sector

Bullish

312 signals

43%
5%
10d median
26%
10%
15d median
18%
15%
20d median
13%
20%
22d median

Net inflow top 10%, few exits

Bullish

24 signals

42%
5%
4d median
21%
10%
3d median
8%
15%
3d median
8%
20%
3d median

Top-10 holders: 3× sector average

Bullish

141 signals

41%
5%
13d median
21%
10%
20d median
14%
15%
21d median
9%
20%
22d median

Gross inflow: 3× sector average

Bullish

246 signals

41%
5%
11d median
21%
10%
16d median
14%
15%
18d median
9%
20%
17d median

Increased positions: 3× sector average

Bullish

154 signals

31%
5%
14d median
14%
10%
21d median
7%
15%
22d median
3%
20%
32d median

That’s the record behind every signal.

See the latest signals

A threshold counts as met when the price moved that far in the signal’s direction within two years of opening. Signals opened less than two years ago that haven’t met a threshold yet are open. Profitable or loss is the return two years after opening, for signals that didn’t meet a threshold. Returns if held use each signal’s opening price. Past results do not guarantee future returns.