How did MLR's Q4 earnings surprise impact investor sentiment?

MLR's Q4 earnings surprise had a negative impact on investor sentiment, as evidenced by the backtest results. The 3-Day win rate was 35.37%, the 10-Day win rate was 44.90%, and the 30-Day win rate was 32.65%, indicating that the majority of the time, the stock price declined in the short term following the earnings release. The maximum return observed was -0.19%, which occurred on day 30, suggesting that investors were largely disappointed by the earnings news.