Backtest
The backtest results reveal that ZGN's earnings beats lead to a delayed but consistent positive return, with a 100% win rate over 30 days despite initial short-term dips. Conversely, earnings misses cause short-term losses but show a strong recovery and positive returns after 30 days. Industry-wide, earnings beats and misses in the Textiles, Apparel & Luxury Goods sector have minimal impact on stock performance. This suggests that while ZGN's earnings surprises offer actionable signals, investors should be cautious relying on sector-wide earnings events and consider a medium-term holding strategy for ZGN.
