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.

288
signals scored
86.8%
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%.

288 signals opened in the last 12 months · Mega Cap · any distance from what funds paid

Threshold met Not met, but profitable Open Loss

Net inflow top 10%, few exits

Bullish

3 signals

100%
5%
21d median
100%
10%
45d median
100%
15%
48d median
33%
20%
46d median

Most funds doubling stake vs. market cap peers

Bullish

71 signals

96%
5%
10d median
93%
10%
21d median
89%
15%
41d median
85%
20%
60d median

Top-10 holder growth: top 10% of sector

Bullish

47 signals

91%
5%
14d median
85%
10%
26d median
79%
15%
35d median
77%
20%
54d median

Net inflow: top 10% of sector

Bullish

233 signals

91%
5%
16d median
82%
10%
30d median
72%
15%
49d median
65%
20%
63d median

New positions: top 10% of sector

Bullish

246 signals

90%
5%
15d median
81%
10%
30d median
71%
15%
49d median
64%
20%
63d median

Increased positions: 3× sector average

Bullish

237 signals

90%
5%
15d median
81%
10%
30d median
70%
15%
51d median
63%
20%
63d median

New positions: 3× sector average

Bullish

174 signals

89%
5%
15d median
82%
10%
33d median
72%
15%
51d median
65%
20%
67d median

Gross inflow: 3× sector average

Bullish

236 signals

89%
5%
15d median
80%
10%
33d median
69%
15%
50d median
61%
20%
66d median

Call option value: 3× sector average

Bullish

239 signals

88%
5%
17d median
79%
10%
35d median
69%
15%
51d median
62%
20%
69d median

Top-10 holders: 3× sector average

Bullish

191 signals

87%
5%
19d median
77%
10%
37d median
66%
15%
50d median
58%
20%
63d median

Top-performing funds doubled stake

Bullish

89 signals

85%
5%
13d median
78%
10%
30d median
67%
15%
49d median
57%
20%
63d median

Holding value drop: worst 10%

Bearish

22 signals

55%
5%
22d median
41%
10%
33d median
23%
15%
34d median
14%
20%
122d 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.