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.

4,475
signals scored
86.7%
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%.

4,475 signals opened since 2013 · Micro Cap · any distance from what funds paid

Threshold met Not met, but profitable Open Loss

Holding value drop: worst 5%

Bearish

909 signals

98%
5%
8d median
97%
10%
19d median
96%
15%
34d median
94%
20%
53d median

Holding value drop: worst 10%

Bearish

1,666 signals

98%
5%
9d median
96%
10%
22d median
95%
15%
39d median
93%
20%
62d median

Top-performing funds doubled stake

Bullish

64 signals

91%
5%
11d median
81%
10%
20d median
75%
15%
40d median
64%
20%
42d median

Gross inflow: 3× sector average

Bullish

43 signals

86%
5%
6d median
74%
10%
11d median
56%
15%
22d median
42%
20%
30d median

Most funds doubling stake vs. market cap peers

Bullish

2,316 signals

81%
5%
12d median
72%
10%
23d median
64%
15%
41d median
57%
20%
57d median

Call option value: 3× sector average

Bullish

59 signals

80%
5%
8d median
69%
10%
18d median
64%
15%
22d median
56%
20%
22d median

New positions: 3× sector average

Bullish

28 signals

79%
5%
17d median
57%
10%
62d median
46%
15%
59d median
43%
20%
83d median

New positions: top 10% of sector

Bullish

116 signals

78%
5%
9d median
66%
10%
21d median
58%
15%
31d median
53%
20%
69d median

Net inflow top 10%, few exits

Bullish

263 signals

77%
5%
8d median
61%
10%
15d median
51%
15%
22d median
44%
20%
29d median

Net inflow: top 10% of sector

Bullish

437 signals

76%
5%
8d median
63%
10%
15d median
54%
15%
22d median
47%
20%
28d median

Top-10 holder growth: top 10% of sector

Bullish

42 signals

76%
5%
10d median
64%
10%
29d median
60%
15%
38d median
57%
20%
61d 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.