Understand score tiers, what statistical edge each represents, and how to use a signal correctly.
A signal is a scored Form 4 filing — a public SEC disclosure of an insider purchasing their own company's stock with their own money. It is NOT a buy recommendation. It is a data point with a conviction weight.
The question we're asking: "Does this purchase carry real conviction, or is it background noise?"
| Score | Tier | What it implies | 7d Win Rate | Avg 7d Return |
|---|---|---|---|---|
| 60–69 | Baseline | Insider purchase with partial conviction factors met | 62.0% | +3.15% |
| 70–79 | Actionable | Multiple conviction factors present; qualifies for the daily digest | 65.5% | +2.72% |
| 80–84 | High | Strong role + size + transaction type alignment | 67.9% | +2.98% |
| 85–89 | Very High | Near-maximum conviction; rare combination of all key factors | 68.2% | +3.91% |
| 90–100 | Elite | CEO/President, open-market, large size, no 10b5-1, often clustered | 66.7% | +4.04% |
Source: Simulated backtest on SEC Form 4 filings, 7-day hold period, entry at filing-date close price. Past performance does not guarantee future results.
You've seen the free preview of Module 1. Full curriculum (5 modules, 45+ min) is available to Pro and Alpha members.
Not financial advice. Trading involves substantial risk of loss.
All backtest statistics are historical simulations — not live trading performance.