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.

2,272
signals scored
76.1%
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%.

2,272 signals opened in the last 12 months · Mid Cap · any distance from what funds paid

Threshold met Not met, but profitable Open Loss

Increased positions: 3× sector average

Bullish

3 signals

100%
5%
5d median
100%
10%
11d median
67%
15%
44d median
33%
20%
94d median

New positions: 3× sector average

Bullish

19 signals

95%
5%
20d median
84%
10%
36d median
74%
15%
56d median
58%
20%
54d median

Top-10 holder growth: top 10% of sector

Bullish

53 signals

91%
5%
17d median
77%
10%
24d median
68%
15%
29d median
58%
20%
32d median

Top-performing funds doubled stake

Bullish

135 signals

84%
5%
8d median
72%
10%
20d median
59%
15%
28d median
49%
20%
51d median

Most funds doubling stake vs. market cap peers

Bullish

997 signals

81%
5%
10d median
71%
10%
22d median
62%
15%
38d median
56%
20%
49d median

Gross inflow: 3× sector average

Bullish

37 signals

76%
5%
14d median
57%
10%
24d median
43%
15%
32d median
35%
20%
36d median

Net inflow top 10%, few exits

Bullish

90 signals

76%
5%
9d median
61%
10%
19d median
56%
15%
23d median
52%
20%
35d median

Call option value: 3× sector average

Bullish

194 signals

75%
5%
7d median
65%
10%
17d median
58%
15%
31d median
50%
20%
32d median

Holding value drop: worst 5%

Bearish

355 signals

73%
5%
11d median
58%
10%
22d median
46%
15%
35d median
34%
20%
44d median

Holding value drop: worst 10%

Bearish

743 signals

72%
5%
13d median
58%
10%
26d median
47%
15%
35d median
34%
20%
46d median

New positions: top 10% of sector

Bullish

202 signals

69%
5%
8d median
56%
10%
19d median
48%
15%
27d median
42%
20%
31d median

Top-10 holders: 3× sector average

Bullish

16 signals

69%
5%
5d median
56%
10%
21d median
56%
15%
28d median
56%
20%
37d median

Net inflow: top 10% of sector

Bullish

325 signals

68%
5%
9d median
55%
10%
21d median
48%
15%
35d median
42%
20%
45d 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.