Backtest
The backtest results for AXIL following earnings beats show mixed performance, with a 0% win rate at 3 days, improving to 50% at 10 days, but dropping back to 0% at 30 days. Returns reflect this inconsistency, with a short-term loss of -3.63%, a moderate gain of 7.18% at 10 days, and a slight loss of -2.14% at 30 days. This suggests that while there may be some short-term opportunity, the overall impact of earnings beats on AXIL is uncertain and volatile.
Investors should approach AXIL cautiously after earnings beats, considering the potential for short-term gains but recognizing the lack of sustained positive momentum over a month.
Given the limited impact of earnings beats in the broader Broadline Retail Industry, AXIL's performance appears more volatile and less predictable, warranting careful position management.