There are many more helpful metrics to consider.
Another "anomaly" I noticed with my small 2 month data set. Combine insider buying and the review ownership, if held by value intuitions your odd may improve. So if it's held by Heartland, Royce, Kennedy Capital, Gabeli, Tenton and others as an example you may have a better chance of outperformance. But when adding to these criteria you should consider relative prior 12 month returns. Consider avoiding stocks that have had relatively large move in its stock price.
That's it for now, more insights and discoveries in future posts.
Daily insider micro cap buying will continue to be shared in the tab labeled.
In conclusion yes buying the day after reported insider purchases for micro cap value as a group appears to generate Alpha short term. But this strategy is not practical. You would have to buy all or at least a random representative sample of the population. So having said that, I would use reported insider purchases as an excellent starting point. Then review industry, size of the purchases to shares in float, title of buyer (Office, Director, 5% owner), number of individual buyers, historical price performance , value ratios, who owns the shares, company size and others.