Backtest
The backtest results indicate that IP shows a strong positive reaction to earnings beats with an 80% win rate and a 2.65% average return in the short term, while earnings misses lead to an initial decline but a medium-term recovery with up to 6.05% return over 30 days. The Paper & Forest Products Industry benefits from earnings beats with a maximum 6.74% return after 55 days, but earnings misses have little impact on the sector. This suggests investors may profit from short-term trades on IP after beats and consider longer holds after misses, while industry moves favor earnings beat strategies.
