Github Engineering Momentum
In plain terms
When a company's engineering activity on GitHub accelerates (more commits, more stars), the stock tends to outperform over the following 1-6 months.
How it works
On software-as-the-product companies (DDOG/MDB/NET/SNOW/HCP/GTLB/...), accelerating commit and star activity on the company's open-source repos predicts 1-6 month forward returns. Two-leg z-score on commits_30d and stars-delta over 252d.
Data dependencies
- Daily prices
Adjusted-close OHLCV for every US-listed ticker; primary price feed.
- Github repo metrics
A data feed this strategy reads, refreshed on its normal schedule.
Expected edge
- Reported return
- 3-5%/yr
- Tested over
- 2015-2022
3-5%/yr top decile (Saunders et al.).
Example tickers where this is likely to fire
Illustrative only, the signal fires based on the live data, not a fixed list.
Related families
Markets under-react when companies are granted high-value patents (measured by 3-day stock reaction at grant). Firms with valuable recent patents outperform by 3-5%/yr.
When a company files an unusual cluster of new trademarks, especially intent-to-use filings, it often signals a product launch and predicts 1-3 month outperformance.
Explore Github Engineering Momentum on alphactor.ai
See which tickers this family is currently firing on, with live signals and rankings.