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.

3,882
signals scored
84.2%
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%.

3,882 signals opened in the last 24 months · Small Cap · any distance from what funds paid

Threshold met Not met, but profitable Open Loss

Gross inflow: 3× sector average

Bullish

1 signal

100%
5%
6d median
100%
10%
7d median
0%
15%
–
0%
20%
–

New positions: 3× sector average

Bullish

3 signals

100%
5%
13d median
100%
10%
15d median
67%
15%
32d median
67%
20%
62d median

Holding value drop: worst 5%

Bearish

806 signals

88%
5%
10d median
80%
10%
23d median
73%
15%
37d median
64%
20%
56d median

Top-performing funds doubled stake

Bullish

91 signals

88%
5%
8d median
78%
10%
11d median
73%
15%
26d median
65%
20%
29d median

Holding value drop: worst 10%

Bearish

1,539 signals

88%
5%
11d median
78%
10%
23d median
70%
15%
37d median
62%
20%
56d median

Most funds doubling stake vs. market cap peers

Bullish

2,151 signals

83%
5%
10d median
75%
10%
23d median
68%
15%
40d median
61%
20%
55d median

Call option value: 3× sector average

Bullish

21 signals

81%
5%
11d median
67%
10%
43d median
67%
15%
62d median
57%
20%
58d median

New positions: top 10% of sector

Bullish

30 signals

77%
5%
13d median
57%
10%
20d median
47%
15%
22d median
37%
20%
22d median

Net inflow top 10%, few exits

Bullish

81 signals

69%
5%
7d median
56%
10%
14d median
49%
15%
56d median
48%
20%
108d median

Top-10 holder growth: top 10% of sector

Bullish

25 signals

68%
5%
4d median
52%
10%
5d median
36%
15%
16d median
28%
20%
16d median

Net inflow: top 10% of sector

Bullish

110 signals

67%
5%
10d median
54%
10%
15d median
47%
15%
42d median
43%
20%
88d 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.