Filings, Insiders & OwnershipExtended setexperimental liveNew

cross-graph consensus momentum spillover

Updated dailyData needs: highlong onlyshort onlylong short

2023

Lee, C., Sun, S.T., Wang, R. & Zhang, R. (2023). Technological Links and Predictable Returns. Review of Financial Studies.

Citation only, paper link pending.

In plain terms

It looks at how a company's economically related peers (similar products, shared owners, shared board members) have been moving, and trades only when several of those peer networks point the same direction.

How it works

Propagates a price-momentum signal from a ticker's graph neighbors across several independent entity graphs (TNIC product-similarity peers, 13F co-ownership cohorts, board-overlap links) and averages the per-graph neighbor baskets. Agreement across graphs amplifies the signal while disagreement cancels toward zero, so a position requires multiple distinct economic links to point the same way.

Live results

37 times picked on its own · 42 times inside a blend (42 beat the stock) · updated 2026-06-06

This strategy is a frequent ingredient in blends that combine a few strategies on one stock. It has contributed to 42 such blended picks (42 of which beat simply holding the stock). Picking it on its own is only one of the ways it shows up.

How its picks scored vs. buy & hold

Each pick is graded on a recent year it was never tuned on, against simply owning the same stock

Where its edge concentrates

Share of picks in each company-size group that beat buy & hold

How often it trades

Active vs. patient. Bars on the left mean it waits for rare setups; bars on the right mean it trades often

Return vs. buy & hold

How much each pick beat or trailed simply owning the stock over the test year (extreme microcap moves trimmed)

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Data dependencies

Entity graph edges
A data feed this strategy reads, refreshed on its normal schedule.
Daily prices
Adjusted-close OHLCV for every US-listed ticker; primary price feed.

Expected edge

Higher conviction and lower turnover than single-graph spillover because a trade fires only when independent economic networks agree on the lead-lag direction.

Related families

multi-hop network momentum spilloverFilings, Insiders & Ownership

It follows momentum not just from a company's closest peers but from the peers of those peers, since news tends to spread step by step through a web of related firms.

TNIC peer relative-value reversionFilings, Insiders & Ownership

When a company drifts away from its closest product-market rivals, it tends to drift back.

13F co-holder momentum spilloverFilings, Insiders & Ownership

When stocks owned by the same big funds move, this one tends to follow.

Explore cross-graph consensus momentum spillover on alphactor.ai

See which tickers this family is currently firing on, with live signals and rankings.

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