The backtest results show that AQN experienced negative returns following earnings beats, with a 0% win rate over 3 days and only 20% over 10 and 30 days, alongside average losses around -3.4%. This indicates that despite positive earnings surprises, the stock tends to underperform shortly after the event. The analysis suggests that earnings beats for AQN do not translate into positive price momentum in the near term. Investors should be cautious and not assume earnings beats will lead to gains in AQN, considering potential downside risk post-announcement.

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The backtest results for AQN following earnings misses show a mixed performance with a 50% win rate at 3 and 30 days, and a slightly better 62.5% at 10 days. Returns are modestly negative short-term but turn positive over 10 and 30 days, peaking at 2.83% around day 13. This suggests that while immediate reactions to earnings misses are uncertain, there is potential for moderate recovery within a month.

The analysis indicates that investors might expect some short-term volatility but could benefit from holding AQN for a longer period post-earnings miss.

Investment strategies should consider a cautious entry with a medium-term horizon to capture potential rebounds after earnings disappointments.

The backtest results reveal that the Electric Utilities Industry experienced a negative impact following earnings beats, with a maximum return of -0.44% on the event day. This suggests that despite positive earnings surprises, the industry does not tend to gain in the short term. The negative reaction may reflect market skepticism or other overriding factors affecting the sector. Investors should be cautious about expecting immediate positive returns from earnings beats in this industry and consider other indicators before making investment decisions.

The backtest results show that earnings misses in the Electric Utilities Industry have no significant impact on the sector's stock returns, with a maximum return of only 1.52% observed over the tested period. This suggests that the market does not strongly react to earnings misses within this industry, indicating a low sensitivity to such events. Investors might consider that earnings misses in Electric Utilities are unlikely to create substantial trading opportunities or risks, implying a more stable or resilient sector performance despite negative earnings surprises.

Backtest AQN Earning Beats Expectations

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