The backtest results show that CODA's stock has a high 30-day win rate of 87.5% following earnings beats, with an average 30-day return of 9.96%. Shorter-term returns are modest, with a slight negative return over 3 days and a small positive return over 10 days. This indicates that while immediate reactions may be mixed, the stock tends to perform strongly over the medium term after positive earnings surprises.

The data suggests that investors benefit from holding CODA shares for up to a month post-earnings beat to capture significant gains.

Therefore, a strategic investment approach would be to maintain positions in CODA for at least 30 days after earnings beats to maximize returns.

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The backtest results reveal that when the Electronic Equipment, Instruments & Components Industry beats earnings expectations, the overall impact on the industry is slightly negative, with a maximum return of only 0.24% occurring 22 days after the event. This suggests that despite positive earnings surprises, the market reaction within this sector is muted or even adverse over the medium term.

The analysis indicates that earnings beats in this industry do not translate into significant positive price movements, possibly due to other overriding market factors or investor skepticism.

Investors should be cautious about expecting strong gains solely based on earnings beats in this sector.

Backtest CODA Earning Beats

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