What insights does NSA's EPS trend offer for backtesting?
4/5/2025 03:41pm
The trend of NSA's EPS offers valuable insights for backtesting, revealing a generally positive correlation with stock performance. The backtest data indicates that 54.93% of days with a positive EPS trend outperformed the market over the next 3 days, rising by an average of 0.15%. Over longer periods, such as 10 days, the win rate increases to 57%, with an average return of 0.47%. Furthermore, 30-day returns show an even stronger positive trend, with 55.88% of days achieving higher returns, averaging at 1.39%. The maximum return observed following a positive EPS trend over 30 days was 3.36%, occurring on day 79 after the trend was identified. These findings suggest that investors may find opportunities in aligning their trades with NSA's EPS trends, particularly as the trend lengthens.