The backtest results show that after MNY beat earnings expectations on 2024-12-10, the stock posted negative returns across 3, 10, and 30-day periods, with win rates of 0%. Notably, the 3-day return was -18.47% and the 30-day return was -11.81%.

This performance indicates that the earnings beat did not translate into positive short- or medium-term price action for MNY, which is atypical for such events.

Investors should exercise caution and not assume earnings beats for MNY will yield favorable returns based solely on this evidence.

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The backtest results show that following MNY’s earnings misses, the stock had a 75% win rate over 30 days, but with a negative average return of -4.75% in that period. Short-term performance was mixed, with only a 50% win rate at 3 days and no gains at 10 days.

This indicates that while the frequency of positive 30-day outcomes was high, actual returns were generally negative, suggesting muted or adverse market reactions overall.

For investors, it highlights the risk of holding MNY after earnings disappointments, as the probabilities of gains may not translate into real profits.

The backtest shows that when Financial Services Industry firms beat earnings expectations, there is no significant impact on industry-wide returns. The maximum observed return was 0.77% within 15 days, indicating a very muted market response.

This suggests that earnings beats in the Financial Services Industry do not translate into notable price movements for the sector as a whole.

For investors, the data implies that seeking alpha from sector-wide earnings beats in Financial Services may offer limited reward opportunities.

The backtest reveals that the Financial Services industry historically experiences negative effects when earnings miss expectations, as evidenced by a generally negative impact recorded across 190 such events.

Although the maximum return during these periods was just 0.01% on the 13th day, the overall trend points to weakness following earnings misses in this industry.

Investors should be cautious with Financial Services stocks in the aftermath of earnings disappointments, as the data suggests limited upside and potential downside risk.

Backtest MNY Release Earning Report

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