The backtest results for MTB following earnings beats show mixed performance, with a 50% win rate over 3 days, dropping to 16.67% at 10 days, and recovering to 66.67% at 30 days. Returns were slightly negative in the short and medium term, with a 3-day return of -0.08% and a 10-day return of -3.84%, improving to -1.26% at 30 days. This suggests that while immediate gains are limited, there is potential for positive outcomes over a longer horizon.

The analysis indicates that MTB's stock reaction to earnings beats is inconsistent short term but shows some recovery by one month.

Investors might consider a cautious approach, favoring longer holding periods post-earnings beat to capture potential gains.

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The backtest results show that MTB experienced a 75% win rate over 3 days and a perfect 100% win rate over 10 and 30 days following earnings misses. Despite a slight negative return in the short term, the stock delivered positive returns of 3.89% and 7.33% over 10 and 30 days respectively, with a maximum return of 5.51% occurring on day 53. This indicates a strong recovery and positive momentum after earnings misses.

The analysis suggests that while initial reactions may be negative, MTB tends to rebound strongly in the medium term.

Investors might consider holding or accumulating MTB shares after earnings misses to capture subsequent gains.

The backtest results reveal that the Banks Industry experienced a negative impact following earnings beats, with a maximum return of only 1.57% occurring 59 days after the event. This suggests that despite positive earnings surprises, the sector's stock prices did not respond strongly or favorably over the tested period.

The limited positive return and overall negative impact indicate that earnings beats may not be a reliable indicator for bullish performance in the Banks Industry. Investors should be cautious and consider other factors beyond earnings beats when evaluating banking stocks.

This insight advises a more conservative approach to investing in the Banks Industry post-earnings beat events.

The backtest results show that when the Banks Industry misses earnings expectations, the maximum observed return is slightly negative at -0.11%, occurring 59 days after the event. This indicates a generally adverse market reaction to earnings misses within this sector over the tested period.

The minimal negative return suggests limited downside impact, but consistent underperformance relative to expectations. Investors should be cautious as earnings misses in the Banks Industry tend to correlate with subdued price performance.

Therefore, a defensive stance or risk mitigation may be prudent when anticipating or reacting to earnings misses in this sector.

Backtest MTB Earnings Beats Expectations

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