InsidersTradesSigma
Quantitative Signals & Scoring
A factor rewarding insiders whose past disclosed trades were, on average, well-timed, measured by the forward return of their prior buys.
Not all insiders are equally informative. The track-record factor looks at how an insider's earlier open-market buys performed over the following months and lifts the score of those with a demonstrated edge. It is computed point-in-time, using only history available before the current trade, to avoid survivorship and look-ahead bias.