The backtest results show that MPX has a low win rate of 33.33% at 3 and 10 days, improving slightly to 50% at 30 days after earnings beats, with negative average returns over all periods. The maximum return observed was 1.65% on day 4, indicating limited positive price reaction. This suggests that MPX's earnings beats do not consistently translate into strong short- or medium-term gains.

The analysis implies that MPX may not reliably benefit from earnings surprises, with returns tending negative or neutral shortly after the event.

Investors should be cautious about expecting significant upside from MPX earnings beats and consider other factors before trading on this event.

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The backtest results show that MPX experienced a negative average return of -7.08% over 3 days and -6.66% over 10 days following earnings misses, with a 0% win rate at 3 days and only 33.33% at 10 days. However, the 30-day return slightly recovers to 0.70% with a 66.67% win rate, indicating some medium-term resilience. This suggests that while short-term reactions to earnings misses are strongly negative, MPX may partially rebound over a longer horizon. Investors should be cautious in the short term but consider potential recovery opportunities beyond 10 days.

The backtest results show that the Machinery Industry experienced no significant impact following earnings beats, with a maximum return of only 1.07% observed 28 days after the event. This indicates that earnings beats in this sector do not translate into meaningful price movements or sustained gains. Consequently, investors should be cautious about expecting strong positive returns solely based on earnings beats in the Machinery Industry, as the event does not appear to drive notable market reactions or investment opportunities.

The backtest results show that earnings misses in the Machinery Industry have no significant impact, with a maximum return of only 1.80% observed 21 days after the event. This indicates that the industry’s stock prices do not react strongly or consistently to earnings misses over the tested period.

The lack of notable price movement suggests that investors may already price in such earnings misses or that other factors dominate stock performance in this sector.

Investors might consider that earnings misses in the Machinery Industry do not provide actionable signals for trading or investment decisions.

Backtest MPX Earnings Report Release

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