Step-out signals
the true opposite of the buy side — measured as the average return of the SHORT
How to read exit signals: ETFs drift up over time, so almost every
“get out now” signal loses you money on average — after most sell signals the price actually rises.
That’s why the chips show a plain-English verdict: STEP OUT means the price
historically fell ≥5% on average after the signal (rare, and mostly on young hyper-volatile ETFs like 3067.HK / 2807.HK);
HOLD means history says stepping out would have hurt. A “win” on the exit side means the price fell;
a 48% win rate means it fell in fewer than half of cases — i.e. not a signal worth acting on.
The first table is the true mirror of the buy leaderboard (average return of the short, positive = price fell);
the second is the drop-odds lens (probability of a ≥7% dip vs normal), useful for trimming decisions.
Short-side leaderboard — avg return lens
Drop-odds lens — P(≥7% dip) vs base rate