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.

2,029
signals scored
78.8%
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%.

2,029 signals opened in the last 12 months · Small Cap · any distance from what funds paid

Threshold met Not met, but profitable Open Loss

New positions: 3× sector average

Bullish

2 signals

100%
5%
17d median
100%
10%
19d median
100%
15%
32d median
100%
20%
62d median

Top-performing funds doubled stake

Bullish

77 signals

87%
5%
8d median
79%
10%
11d median
74%
15%
24d median
65%
20%
28d median

Holding value drop: worst 10%

Bearish

792 signals

84%
5%
9d median
72%
10%
20d median
63%
15%
30d median
53%
20%
41d median

Holding value drop: worst 5%

Bearish

409 signals

82%
5%
8d median
72%
10%
21d median
63%
15%
35d median
54%
20%
43d median

Most funds doubling stake vs. market cap peers

Bullish

1,130 signals

76%
5%
8d median
68%
10%
18d median
60%
15%
28d median
53%
20%
39d median

New positions: top 10% of sector

Bullish

17 signals

71%
5%
15d median
59%
10%
21d median
59%
15%
22d median
47%
20%
26d median

Call option value: 3× sector average

Bullish

5 signals

60%
5%
4d median
40%
10%
37d median
40%
15%
44d median
40%
20%
46d median

Top-10 holder growth: top 10% of sector

Bullish

15 signals

60%
5%
5d median
47%
10%
7d median
27%
15%
23d median
20%
20%
25d median

Net inflow top 10%, few exits

Bullish

38 signals

42%
5%
5d median
21%
10%
8d median
11%
15%
14d median
8%
20%
14d median

Net inflow: top 10% of sector

Bullish

50 signals

42%
5%
6d median
22%
10%
8d median
14%
15%
14d median
8%
20%
14d 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.