Backtest
The backtest shows that HIVE's earnings beats lead to strong short-term gains, with an 83.33% win rate and 3.16% average return over three days, though returns decline and turn negative beyond 10 and 30 days. This suggests that while immediate momentum is positive, longer holding periods expose investors to losses. Conversely, the software industry overall shows negligible stock response to earnings beats, indicating limited broader sector impact. Investors should exploit HIVE's short-term post-earnings gains but remain cautious about extending holding periods given the subsequent negative trend.
