How did BAP's Q4 2023 EPS surprise impact short-term trading?

BAP's Q4 2023 EPS surprise had a mixed impact on short-term trading, with varying outcomes observed across different time frames:

1. **3-Day Win Rate and Return**: The 3-day win rate was 50%, indicating that half of the time, the stock price increased within 3 days of the earnings release. The average 3-day return was 0.67%, suggesting a modest positive movement in the short term.
2. **10-Day Win Rate and Return**: The 10-day win rate was higher at 66.67%, indicating a greater likelihood of the stock price increasing in the 10 days following the earnings release. The average 10-day return was 0.89%, which is slightly higher than the 3-day return, suggesting a slightly better medium-term performance.
3. **30-Day Win Rate and Return**: The 30-day win rate was 33.33%, which is lower than the 3-day and 10-day win rates. The average 30-day return was -0.28%, indicating a potential negative performance in the long term following the earnings release.
4. **Maximum Return**: The maximum return observed was 8.03% on day 79 after the earnings release, which is the latest date in the backtested period. This suggests that while there is potential for gains, the optimal performance is not immediately apparent and may require holding the stock for a longer period.

In conclusion, BAP's Q4 2023 EPS surprise had a generally positive impact on short-term trading, with the highest return observed nearly two months after the earnings release. However, the performance was not consistently positive across all time frames, and there was a risk of negative returns in the long term.