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.

137
signals scored
75.9%
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%.

137 signals opened in the last 6 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

22 signals

86%
5%
11d median
77%
10%
24d median
68%
15%
29d median
59%
20%
33d median

Top-10 holder growth: top 10% of sector

Bullish

24 signals

83%
5%
13d median
71%
10%
20d median
58%
15%
29d median
54%
20%
30d median

Net inflow: top 10% of sector

Bullish

104 signals

83%
5%
13d median
66%
10%
22d median
55%
15%
33d median
46%
20%
40d median

New positions: top 10% of sector

Bullish

107 signals

82%
5%
12d median
66%
10%
22d median
54%
15%
33d median
46%
20%
39d median

Increased positions: 3× sector average

Bullish

103 signals

82%
5%
12d median
65%
10%
22d median
52%
15%
32d median
46%
20%
39d median

Top-performing funds doubled stake

Bullish

41 signals

80%
5%
10d median
66%
10%
22d median
51%
15%
33d median
41%
20%
41d median

Gross inflow: 3× sector average

Bullish

105 signals

80%
5%
12d median
64%
10%
22d median
52%
15%
35d median
44%
20%
42d median

Call option value: 3× sector average

Bullish

107 signals

79%
5%
14d median
63%
10%
22d median
52%
15%
34d median
45%
20%
42d median

Top-10 holders: 3× sector average

Bullish

87 signals

77%
5%
12d median
62%
10%
24d median
52%
15%
38d median
41%
20%
43d median

New positions: 3× sector average

Bullish

67 signals

76%
5%
12d median
63%
10%
25d median
49%
15%
35d median
39%
20%
41d median

Holding value drop: worst 10%

Bearish

20 signals

50%
5%
17d median
35%
10%
32d median
15%
15%
33d median
5%
20%
27d 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.