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.

610
signals scored
92.6%
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 +9.1% two years after opening, and the median bearish one +0.8%.

610 signals opened in the last 24 months · Mega Cap · any distance from what funds paid

Threshold met Not met, but profitable Open Loss

Holding value drop: worst 5%

Bearish

18 signals

100%
5%
43d median
89%
10%
98d median
83%
15%
108d median
72%
20%
169d median

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

197 signals

96%
5%
12d median
94%
10%
26d median
91%
15%
47d median
90%
20%
65d median

Top-10 holder growth: top 10% of sector

Bullish

143 signals

96%
5%
12d median
93%
10%
27d median
90%
15%
44d median
90%
20%
63d median

New positions: 3× sector average

Bullish

389 signals

94%
5%
16d median
89%
10%
39d median
83%
15%
60d median
79%
20%
80d median

New positions: top 10% of sector

Bullish

517 signals

94%
5%
17d median
88%
10%
35d median
82%
15%
57d median
77%
20%
73d median

Net inflow: top 10% of sector

Bullish

463 signals

94%
5%
17d median
88%
10%
35d median
81%
15%
56d median
76%
20%
73d median

Increased positions: 3× sector average

Bullish

491 signals

94%
5%
17d median
88%
10%
39d median
81%
15%
61d median
77%
20%
78d median

Gross inflow: 3× sector average

Bullish

490 signals

93%
5%
17d median
87%
10%
36d median
80%
15%
58d median
76%
20%
76d median

Call option value: 3× sector average

Bullish

474 signals

93%
5%
17d median
86%
10%
38d median
80%
15%
59d median
75%
20%
78d median

Top-performing funds doubled stake

Bullish

202 signals

93%
5%
13d median
88%
10%
30d median
82%
15%
46d median
77%
20%
65d median

Top-10 holders: 3× sector average

Bullish

364 signals

92%
5%
19d median
85%
10%
45d median
78%
15%
61d median
72%
20%
80d median

Holding value drop: worst 10%

Bearish

55 signals

82%
5%
26d median
69%
10%
62d median
56%
15%
89d median
40%
20%
119d 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.