The backtest results are inconclusive due to the absence of data on SID's performance following earnings beats. Without quantitative outcomes, it is impossible to determine the stock's typical reaction or profitability after such events. This lack of information limits the ability to analyze potential trends or risks associated with SID's earnings surprises. Investors should exercise caution and seek additional data or alternative analyses before making investment decisions based on SID's earnings beats, as the current backtest does not provide actionable insights.

The backtest results show that SID has a low win rate following earnings misses, with only 23.08% success at 3 and 30 days, and a negative average return of -6.95% over 30 days. This indicates a consistent negative market reaction to earnings misses for SID. The data suggests that investors should be cautious as the stock tends to decline significantly after such events. Consequently, it may be prudent to avoid or reduce exposure to SID immediately following earnings misses to mitigate downside risk.

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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 only 1.16% 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 notable returns suggests that other factors may drive stock performance in this industry more than earnings surprises.

Investors should be cautious about relying solely on earnings beats as a signal for trading opportunities in the Metals & Mining sector.

The backtest results show that when the Metals & Mining Industry misses earnings expectations, there is no significant impact on the industry’s stock returns, with a maximum return of only 1.47% observed 25 days after the event. This indicates that earnings misses in this sector do not strongly influence market performance over the tested period.

The lack of notable price movement suggests that investors may have already priced in such misses or that other factors dominate the sector’s performance.

Investors might consider that earnings misses in Metals & Mining are not reliable signals for short- to medium-term trading decisions.

Backtest SID Earnings Beat and Miss Expectations

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