Backtest
The backtest results reveal that ABVX experiences poor short-term performance after earnings beats, with negative returns and low win rates initially, but some recovery by 30 days. Conversely, earnings misses show a steady 50% win rate and significant positive returns over 30 days, indicating strong rebound potential. The Biotechnology Industry overall shows minimal impact from earnings beats or misses, suggesting limited sector-wide reaction. Investors should be cautious with short-term trades on ABVX post-earnings beat but may find opportunities in longer-term positions, especially following earnings misses, while considering broader industry resilience.