Backtest
The backtest results indicate that NEON's earnings beats lead to modest short-term returns but strong long-term gains, while earnings misses initially cause losses followed by significant recovery. In contrast, the Electronic Equipment, Instruments & Components Industry shows limited positive response to earnings beats and negligible impact from earnings misses. This suggests NEON's stock is more reactive and potentially profitable post-earnings events compared to its industry peers. Investors might consider holding NEON shares for at least 30 days after earnings announcements to capitalize on potential rebounds and gains.
