Signal backtest

90.1% 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.

713
signals scored
55.1%
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% two years after opening, and the median bearish one +0.7%.

713 signals opened in the last 3 months · Mid Cap · any distance from what funds paid

Threshold met Not met, but profitable Open Loss

Increased positions: 3× sector average

Bullish

2 signals

100%
5%
5d median
100%
10%
8d median
50%
15%
15d median
0%
20%
–

New positions: 3× sector average

Bullish

1 signal

100%
5%
18d median
100%
10%
54d median
0%
15%
–
0%
20%
–

Gross inflow: 3× sector average

Bullish

11 signals

73%
5%
5d median
45%
10%
11d median
27%
15%
17d median
18%
20%
29d median

Holding value drop: worst 5%

Bearish

139 signals

72%
5%
11d median
53%
10%
22d median
37%
15%
28d median
22%
20%
31d median

Holding value drop: worst 10%

Bearish

242 signals

71%
5%
11d median
52%
10%
24d median
35%
15%
33d median
20%
20%
36d median

Top-10 holder growth: top 10% of sector

Bullish

23 signals

70%
5%
20d median
57%
10%
25d median
48%
15%
30d median
35%
20%
28d median

Top-performing funds doubled stake

Bullish

41 signals

66%
5%
8d median
37%
10%
14d median
32%
15%
18d median
20%
20%
21d median

Call option value: 3× sector average

Bullish

76 signals

51%
5%
4d median
32%
10%
9d median
24%
15%
13d median
21%
20%
14d median

New positions: top 10% of sector

Bullish

93 signals

49%
5%
6d median
27%
10%
11d median
17%
15%
15d median
16%
20%
16d median

Most funds doubling stake vs. market cap peers

Bullish

269 signals

48%
5%
5d median
28%
10%
11d median
17%
15%
13d median
13%
20%
18d median

Net inflow top 10%, few exits

Bullish

28 signals

43%
5%
6d median
11%
10%
7d median
0%
15%
–
0%
20%
–

Net inflow: top 10% of sector

Bullish

128 signals

37%
5%
5d median
16%
10%
11d median
9%
15%
16d median
7%
20%
21d median

Top-10 holders: 3× sector average

Bullish

6 signals

33%
5%
4d median
0%
10%
–
0%
15%
–
0%
20%
–

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.