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.

208
signals scored
32.2%
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%.

208 signals opened in the last month · Small Cap · any distance from what funds paid

Threshold met Not met, but profitable Open Loss

Holding value drop: worst 5%

Bearish

12 signals

42%
5%
3d median
25%
10%
5d median
17%
15%
7d median
8%
20%
11d median

Holding value drop: worst 10%

Bearish

19 signals

37%
5%
2d median
21%
10%
4d median
11%
15%
7d median
5%
20%
11d median

Most funds doubling stake vs. market cap peers

Bullish

164 signals

33%
5%
4d median
13%
10%
12d median
7%
15%
15d median
4%
20%
9d median

Net inflow top 10%, few exits

Bullish

17 signals

29%
5%
1d median
6%
10%
1d median
0%
15%
–
0%
20%
–

Net inflow: top 10% of sector

Bullish

20 signals

25%
5%
1d median
5%
10%
1d median
0%
15%
–
0%
20%
–

Top-10 holder growth: top 10% of sector

Bullish

6 signals

17%
5%
2d median
17%
10%
2d median
17%
15%
3d median
17%
20%
7d median

Top-performing funds doubled stake

Bullish

8 signals

13%
5%
2d median
13%
10%
2d median
13%
15%
3d median
13%
20%
7d median

New positions: top 10% of sector

Bullish

3 signals

0%
5%
–
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.