Backtest
The backtest results reveal that BTE shows weak short-term performance but strong long-term gains after earnings beats, with a 100% win rate and 13.60% return over 30 days. Conversely, earnings misses lead to strong short-term rebounds but weaker long-term returns. Industry-wide, earnings beats have minimal impact, while misses surprisingly yield moderate positive returns over time. This suggests that for BTE, a long-term hold after earnings beats is beneficial, whereas short-term trading suits earnings misses. Investors should consider different strategies for BTE versus the broader industry when reacting to earnings surprises.
