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.

4,203
signals scored
83.3%
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%.

4,203 signals opened in the last 24 months · Mid Cap · any distance from what funds paid

Increased positions: 3× sector average

Bullish

5 signals

Median return if held

+28.7%
6 months
-13.2%
1 year
–
2 years

Top-10 holder growth: top 10% of sector

Bullish

124 signals

Median return if held

+12.5%
6 months
+0.3%
1 year
–
2 years

New positions: 3× sector average

Bullish

38 signals

Median return if held

-3.3%
6 months
-1.3%
1 year
–
2 years

Top-performing funds doubled stake

Bullish

191 signals

Median return if held

-10.7%
6 months
+10.3%
1 year
–
2 years

Most funds doubling stake vs. market cap peers

Bullish

1,958 signals

Median return if held

+7.9%
6 months
+15%
1 year
–
2 years

Net inflow top 10%, few exits

Bullish

168 signals

Median return if held

+5.3%
6 months
+27.1%
1 year
–
2 years

Net inflow: top 10% of sector

Bullish

699 signals

Median return if held

+3.4%
6 months
+7.3%
1 year
–
2 years

Gross inflow: 3× sector average

Bullish

77 signals

Median return if held

-10.8%
6 months
-23.9%
1 year
–
2 years

Call option value: 3× sector average

Bullish

261 signals

Median return if held

+2.6%
6 months
-5%
1 year
–
2 years

Top-10 holders: 3× sector average

Bullish

24 signals

Median return if held

+23.5%
6 months
+30.9%
1 year
–
2 years

Holding value drop: worst 5%

Bearish

609 signals

Median return if held

-11.4%
6 months
-26.6%
1 year
–
2 years

Holding value drop: worst 10%

Bearish

1,332 signals

Median return if held

-8.8%
6 months
-22.6%
1 year
–
2 years

New positions: top 10% of sector

Bullish

299 signals

Median return if held

-14.9%
6 months
-21%
1 year
–
2 years

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.