The backtest results show that RY has a 75% win rate within 3 days and a 62.5% win rate within 30 days after earnings beats, with a 30-day average return of 1.17%. However, the 10-day win rate drops to 37.5%, indicating some short-term volatility. This suggests that while immediate gains are common, mid-term performance can be inconsistent, but longer-term holding tends to be beneficial.

The analysis implies that investors might experience modest but positive returns by holding RY for up to 30 days post-earnings beat despite some short-term fluctuations.

Investors should consider a medium-term holding strategy to capitalize on the positive trend following RY's earnings surprises.

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The backtest results show that RY achieved a 100% win rate over 3 days and maintained a 75% win rate over both 10 and 30 days following earnings misses. Returns were positive across all periods, with a 4.35% average gain at 30 days. This indicates a strong and consistent positive price reaction to earnings misses for RY.

The data suggests that despite missing earnings expectations, RY tends to rebound quickly and sustain gains, possibly due to market overreaction or other factors.

Investors might consider buying RY after earnings misses to capitalize on the subsequent price recovery.

The backtest results show that the Banks Industry experienced a slight negative impact following earnings beats, with a maximum return of only 0.75% occurring 27 days after the event. This suggests that despite positive earnings surprises, the sector's price reaction was muted and slightly adverse over the medium term.

The limited positive return and negative overall impact indicate that earnings beats may not strongly drive bullish momentum in the Banks Industry. Investors should be cautious about expecting significant gains solely based on earnings beats in this sector.

Investment strategies might focus on other factors beyond earnings beats when targeting the Banks Industry for returns.

The backtest results show that when the Banks Industry misses earnings expectations, the sector experiences a negative impact with a maximum return decline of 0.57% on the event day. This consistent negative reaction across 550 events indicates a reliable market response to earnings misses in this industry. Investors should be cautious and consider defensive strategies or reduced exposure to the Banks Industry following earnings misses, as the sector tends to underperform immediately after such events.

Backtest RY Release Earning Report

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