Signal backtest

90.1% 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.

1,491
signals scored
70.6%
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% two years after opening, and the median bearish one +0.7%.

1,491 signals opened in the last 6 months · Large Cap · any distance from what funds paid

Threshold met Not met, but profitable Open Loss

Holding value drop: worst 5%

Bearish

80 signals

80%
5%
8d median
63%
10%
13d median
45%
15%
24d median
33%
20%
30d median

Top-10 holder growth: top 10% of sector

Bullish

82 signals

78%
5%
11d median
62%
10%
20d median
45%
15%
23d median
39%
20%
29d median

Holding value drop: worst 10%

Bearish

254 signals

77%
5%
12d median
63%
10%
19d median
46%
15%
28d median
32%
20%
38d median

Top-performing funds doubled stake

Bullish

113 signals

77%
5%
10d median
63%
10%
23d median
55%
15%
35d median
41%
20%
45d median

Most funds doubling stake vs. market cap peers

Bullish

340 signals

76%
5%
11d median
62%
10%
21d median
53%
15%
36d median
42%
20%
48d median

New positions: 3× sector average

Bullish

195 signals

73%
5%
14d median
61%
10%
27d median
51%
15%
42d median
41%
20%
58d median

Net inflow: top 10% of sector

Bullish

690 signals

71%
5%
12d median
57%
10%
28d median
46%
15%
41d median
36%
20%
54d median

Call option value: 3× sector average

Bullish

428 signals

71%
5%
10d median
55%
10%
23d median
46%
15%
38d median
38%
20%
49d median

New positions: top 10% of sector

Bullish

723 signals

70%
5%
12d median
54%
10%
27d median
43%
15%
39d median
33%
20%
47d median

Top-10 holders: 3× sector average

Bullish

326 signals

70%
5%
12d median
53%
10%
34d median
44%
15%
47d median
34%
20%
63d median

Gross inflow: 3× sector average

Bullish

522 signals

68%
5%
13d median
52%
10%
28d median
41%
15%
44d median
32%
20%
59d median

Increased positions: 3× sector average

Bullish

356 signals

67%
5%
17d median
51%
10%
37d median
40%
15%
54d median
29%
20%
70d median

Net inflow top 10%, few exits

Bullish

26 signals

46%
5%
8d median
23%
10%
5d median
12%
15%
3d median
8%
20%
3d 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.