The backtest results are inconclusive due to the absence of data on BHP's price reaction following earnings beats. Without quantitative outcomes, it is impossible to determine the typical market response or profitability of trading on this event. This lack of information limits the ability to analyze the effectiveness of strategies based on BHP's earnings surprises. Investors should exercise caution and seek additional data before making decisions related to BHP's earnings beats, as the current backtest does not provide actionable insights or confirm any consistent pattern.

The backtest results show that BHP experienced a 0% win rate over 3 days, 50% over 10 days, and 100% over 30 days following earnings misses, with returns initially negative but turning positive by 30 days. This indicates a delayed positive price reaction despite short-term weakness. The maximum return of 4.40% occurred on day 23, suggesting a recovery phase after initial declines. Investors might consider a longer-term holding strategy post-earnings miss to capture eventual gains rather than reacting to immediate negative returns.

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The backtest results show that the Metals & Mining Industry experienced no significant impact following earnings beats, with a maximum return of -0.10% observed on day 7. This indicates that earnings beats in this sector do not translate into meaningful price movements over the tested period.

The lack of positive reaction suggests that other factors may dominate investor sentiment or that earnings beats are already priced in for this industry.

Investors should be cautious about expecting gains solely based on earnings beats in the Metals & Mining sector, as the event does not appear to drive returns.

The backtest results reveal that when the Metals & Mining Industry misses earnings expectations, the impact on the sector is predominantly negative, with a maximum return of only 0.75% observed 25 days after the event. This limited positive return suggests a weak recovery or investor confidence following earnings misses. The analysis indicates that earnings misses in this industry generally lead to subdued performance over the medium term. Investors should consider cautious positioning in the Metals & Mining sector when earnings are expected to miss, as the downside risk appears to outweigh potential gains.

Backtest BHP Earning Beats Expectations

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