The backtest results show that STLD has a 62.5% win rate at 3, 10, and 30 days after earnings beats, with a modest 3-day return of -0.58% but a positive 30-day return of 3.89%. This indicates a generally favorable price reaction over the medium term despite short-term volatility. The maximum return of 1.80% typically occurs around day 6, suggesting some delayed positive momentum. Investors might consider holding STLD for up to a month post-earnings beat to capture potential gains while being cautious of initial short-term dips.

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The backtest results show that STLD has a 50% win rate at 3 and 10 days, dropping to 33.33% at 30 days after earnings misses, with negative average returns of -0.27%, -3.73%, and -3.19% respectively. This indicates a generally weak price reaction over the medium term following earnings disappointments. The maximum return of 1.17% occurred on day 22, suggesting limited upside potential. Investors should be cautious with STLD after earnings misses, as the stock tends to underperform in the following month, implying a defensive stance may be prudent.

The backtest results show that the Metals & Mining Industry experienced no significant impact following earnings beats, with a maximum return of -0.08% observed on day 7. This indicates that earnings beats in this sector do not translate into meaningful price movements over the tested period.

The lack of positive response suggests that other factors may dominate investor sentiment or that earnings beats are already priced in for this industry.

Investors should be cautious about expecting gains solely from earnings beats in the Metals & Mining sector and consider additional indicators for decision-making.

The backtest results reveal that when the Metals & Mining Industry misses earnings expectations, the impact on the sector is predominantly negative, with a maximum return of only 0.59% observed 25 days after the event. This limited positive return suggests that the market reaction is generally subdued or adverse following such earnings misses.

The analysis indicates that the industry struggles to generate significant gains post-miss, reflecting investor caution or disappointment in earnings performance.

Investors should consider a cautious approach to the Metals & Mining sector following earnings misses, as upside potential appears minimal.

Backtest STLD Earning Beats Expectations

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