Backtest
The backtest results indicate that NEON's earnings beats lead to modest short-term returns but strong long-term gains, with a 21.89% average return over 30 days and a 100% win rate. Conversely, earnings misses cause initial losses but are followed by significant rebounds, achieving a 31.75% return over 30 days. Industry-wide, earnings beats and misses show minimal impact on stock performance. This suggests that NEON's stock reacts more positively to earnings surprises than the broader industry. Investors may benefit from adopting a long-term holding strategy around NEON's earnings events to maximize returns.
