Backtest
The backtest results reveal that IP shows a strong short-term positive return of 2.53% with an 83.33% win rate within 3 days after earnings beats, though returns moderate over longer periods. Conversely, earnings misses initially result in a low 33.33% win rate but improve to 66.67% with positive returns by 30 days, peaking at 6.05%. The Paper & Forest Products Industry benefits from earnings beats with sustained gains, while misses have minimal impact. This suggests investors may profit from short-term trades on IP's earnings beats and consider holding through volatility after misses, while industry moves are more muted on misses.
