Signal backtest

90% 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.

3,942
signals scored
68.2%
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 +9.1% two years after opening, and the median bearish one +0.8%.

3,942 signals opened in the last 6 months · all sizes · any distance from what funds paid

Threshold met Not met, but profitable Open Loss

Top-performing funds doubled stake

Bullish

269 signals

78%
5%
8d median
64%
10%
17d median
53%
15%
27d median
41%
20%
35d median

Holding value drop: worst 10%

Bearish

1,167 signals

77%
5%
10d median
62%
10%
19d median
49%
15%
29d median
36%
20%
36d median

Holding value drop: worst 5%

Bearish

590 signals

77%
5%
8d median
62%
10%
17d median
49%
15%
28d median
37%
20%
35d median

Top-10 holder growth: top 10% of sector

Bullish

142 signals

77%
5%
14d median
63%
10%
20d median
48%
15%
26d median
42%
20%
28d median

New positions: 3× sector average

Bullish

265 signals

74%
5%
14d median
61%
10%
26d median
49%
15%
41d median
40%
20%
57d median

Top-10 holders: 3× sector average

Bullish

421 signals

70%
5%
11d median
55%
10%
29d median
45%
15%
42d median
35%
20%
57d median

Call option value: 3× sector average

Bullish

635 signals

70%
5%
10d median
55%
10%
21d median
46%
15%
33d median
38%
20%
42d median

Gross inflow: 3× sector average

Bullish

636 signals

69%
5%
12d median
53%
10%
27d median
42%
15%
40d median
33%
20%
56d median

Increased positions: 3× sector average

Bullish

458 signals

68%
5%
15d median
53%
10%
30d median
42%
15%
45d median
33%
20%
61d median

New positions: top 10% of sector

Bullish

950 signals

68%
5%
11d median
53%
10%
24d median
42%
15%
36d median
33%
20%
43d median

Most funds doubling stake vs. market cap peers

Bullish

1,460 signals

65%
5%
8d median
52%
10%
15d median
44%
15%
24d median
37%
20%
36d median

Net inflow: top 10% of sector

Bullish

974 signals

64%
5%
11d median
50%
10%
25d median
40%
15%
38d median
32%
20%
47d median

Net inflow top 10%, few exits

Bullish

92 signals

41%
5%
6d median
15%
10%
8d median
8%
15%
47d median
3%
20%
3d 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.