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.

1,181
signals scored
67.1%
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%.

1,181 signals opened in the last 6 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

5 signals

80%
5%
16d median
60%
10%
35d median
40%
15%
58d median
40%
20%
60d median

Top-performing funds doubled stake

Bullish

69 signals

80%
5%
8d median
61%
10%
15d median
48%
15%
22d median
33%
20%
27d median

Top-10 holder growth: top 10% of sector

Bullish

26 signals

73%
5%
21d median
62%
10%
25d median
54%
15%
31d median
42%
20%
28d median

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 10%

Bearish

436 signals

71%
5%
11d median
55%
10%
21d median
40%
15%
29d median
25%
20%
34d median

Holding value drop: worst 5%

Bearish

222 signals

70%
5%
10d median
55%
10%
20d median
40%
15%
29d median
26%
20%
34d median

Most funds doubling stake vs. market cap peers

Bullish

500 signals

70%
5%
8d median
56%
10%
14d median
46%
15%
23d median
40%
20%
33d median

Call option value: 3× sector average

Bullish

104 signals

63%
5%
3d median
46%
10%
9d median
37%
15%
11d median
31%
20%
14d median

Top-10 holders: 3× sector average

Bullish

10 signals

60%
5%
2d median
30%
10%
1d median
30%
15%
27d median
30%
20%
27d median

New positions: top 10% of sector

Bullish

116 signals

59%
5%
7d median
39%
10%
16d median
28%
15%
24d median
26%
20%
30d median

Net inflow top 10%, few exits

Bullish

30 signals

43%
5%
6d median
13%
10%
8d median
3%
15%
76d median
0%
20%
–

Net inflow: top 10% of sector

Bullish

137 signals

39%
5%
6d median
20%
10%
11d median
12%
15%
17d median
9%
20%
25d 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.