The backtest results are inconclusive due to the absence of data on SID's performance following an earnings beat. Without specific return metrics or win rates, it is difficult to assess the stock's reaction to positive earnings surprises. This lack of information limits the ability to draw meaningful conclusions about the event's impact on SID's price movement. Investors should seek additional data or wait for more comprehensive backtest results before making investment decisions based on SID's earnings beats.

The backtest results show that SID experienced negative returns following earnings misses, with a 3-day win rate of 23.08% and a 30-day return averaging -6.95%. This indicates a consistent downward price movement after earnings disappointments. The low win rates and negative returns suggest that the market reacts unfavorably to SID's earnings misses, reflecting investor concerns about the company's performance.

This pattern highlights the risk associated with holding SID stock after an earnings miss. Investors should consider cautious or defensive strategies when SID reports earnings below expectations to mitigate potential losses.

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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 -0.18% observed on the event day. This indicates that earnings beats in this sector do not translate into meaningful price movements or investor gains over the tested period.

The lack of positive response suggests that market participants may have already priced in earnings surprises or that other factors dominate price action in this industry.

Investors should be cautious about expecting immediate gains from earnings beats in Metals & Mining and consider other indicators for investment decisions.

The backtest results show that when the Metals & Mining Industry misses earnings expectations, the impact on the industry is generally negative, with a maximum return of only 0.33% observed 13 days after the event. This indicates a weak or negligible positive price reaction following earnings misses in this sector.

The minimal positive return suggests that the market largely discounts or reacts unfavorably to earnings misses in Metals & Mining, reflecting cautious investor sentiment.

Investors should be wary of earnings misses in this industry, as they tend to signal limited upside and potential downside risk.

Backtest SID Release Earning Report

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