The backtest results show that MRK has a low short-term win rate of 27.27% over 3 days and 36.36% over 10 days following earnings beats, with slight negative returns in these periods. However, the 30-day win rate improves to 54.55%, accompanied by a modest positive return of 1.22%. This indicates a delayed but mild positive price reaction to earnings beats. Investors might consider a longer holding period post-earnings beat for MRK to capture potential gains, as immediate returns tend to be weak or negative.

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The backtest results reveal that the Pharmaceuticals Industry experienced a slight negative impact with a maximum return of -0.36% on the event day following earnings beats. This suggests that despite positive earnings surprises, the industry does not consistently benefit in the short term. The analysis indicates that earnings beats in this sector may not translate into immediate stock price gains, possibly due to market expectations or other overriding factors. Investors should be cautious and consider that positive earnings surprises in Pharmaceuticals might not guarantee positive returns on the event day.

Backtest MRK Earning Beats

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