Backtest
The backtest results reveal that ZGN's earnings beats lead to a delayed positive market reaction, with win rates improving from 50% at 3 and 10 days to 100% at 30 days, and returns rising from -2.43% to 1.97%. Conversely, earnings misses cause initial losses but show a strong recovery with a 100% win rate and 16.53% return at 30 days. This suggests that investors benefit from holding ZGN for at least 30 days post-earnings event to capture eventual gains despite short-term volatility.
