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.

14,593
signals scored
84.7%
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%.

14,593 signals opened in the last 24 months · all sizes · any distance from what funds paid

Threshold met Not met, but profitable Open Loss

Top-10 holder growth: top 10% of sector

Bullish

677 signals

92%
5%
11d median
86%
10%
27d median
79%
15%
41d median
74%
20%
58d median

New positions: 3× sector average

Bullish

1,327 signals

90%
5%
16d median
81%
10%
39d median
73%
15%
62d median
65%
20%
84d median

Top-performing funds doubled stake

Bullish

1,012 signals

89%
5%
11d median
79%
10%
27d median
71%
15%
42d median
63%
20%
58d median

Call option value: 3× sector average

Bullish

2,451 signals

88%
5%
15d median
79%
10%
35d median
72%
15%
59d median
65%
20%
79d median

Top-10 holders: 3× sector average

Bullish

1,616 signals

87%
5%
19d median
76%
10%
45d median
67%
15%
66d median
58%
20%
87d median

Increased positions: 3× sector average

Bullish

2,006 signals

87%
5%
20d median
77%
10%
48d median
67%
15%
73d median
59%
20%
104d median

New positions: top 10% of sector

Bullish

3,644 signals

86%
5%
16d median
76%
10%
39d median
67%
15%
63d median
59%
20%
84d median

Most funds doubling stake vs. market cap peers

Bullish

5,796 signals

86%
5%
12d median
78%
10%
26d median
71%
15%
45d median
65%
20%
63d median

Gross inflow: 3× sector average

Bullish

2,831 signals

86%
5%
18d median
75%
10%
41d median
66%
15%
66d median
57%
20%
91d median

Holding value drop: worst 5%

Bearish

1,786 signals

85%
5%
11d median
75%
10%
23d median
66%
15%
38d median
57%
20%
55d median

Net inflow: top 10% of sector

Bullish

3,990 signals

85%
5%
16d median
76%
10%
37d median
67%
15%
61d median
59%
20%
82d median

Holding value drop: worst 10%

Bearish

3,821 signals

83%
5%
13d median
73%
10%
27d median
62%
15%
40d median
53%
20%
58d median

Net inflow top 10%, few exits

Bullish

325 signals

78%
5%
10d median
67%
10%
22d median
61%
15%
31d median
57%
20%
65d 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.