The backtest results show that ARES has a 66.67% win rate both at 3 and 30 days post-earnings beat, with an average 30-day return of 5.84%. The 10-day win rate is lower at 50%, with a modest 1.21% return. This indicates a generally positive market reaction to earnings beats, especially over the longer 30-day horizon, with the maximum return reaching 6.83% around day 53.

The results suggest that ARES tends to perform well following earnings beats, though short-term gains are less consistent.

Investors might consider holding ARES for up to a month after an earnings beat to capture stronger returns.

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The backtest results show that the Capital Markets Industry experienced no significant impact following earnings beats, with a maximum return of only 0.56% on the event day. This indicates that earnings beats in this sector do not translate into meaningful price movements or investor gains over the tested period.

The lack of response suggests that market participants may have already priced in expectations or that other factors dominate price action in this industry.

Investors should be cautious about relying on earnings beats alone as a signal for trading opportunities within the Capital Markets Industry.

Backtest ARES Earning Beats

Find all upcoming company earnings reports scheduled for nov 03 2025. Get details on which companies are reporting and their expected results.

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