The backtest results show that WRD experienced negative returns following an earnings beat, with a 0% win rate over 3, 10, and 30 days and a 30-day return of -54.00%. This indicates that despite beating earnings expectations, the stock price declined significantly in the short to medium term. The analysis suggests that WRD's earnings beat did not translate into positive market sentiment or price appreciation during the tested period. Investors should be cautious and consider that an earnings beat for WRD may not guarantee favorable price performance.

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The backtest results show that WRD experienced significant negative returns following earnings misses, with a 0% win rate across 3, 10, and 30 days and a steep 62.11% average loss over 30 days. This indicates a strong adverse market reaction to earnings misses for WRD. The maximum return observed was 46.15%, but it occurred much later, suggesting high volatility. Investors should be cautious and consider the substantial downside risk when WRD reports earnings below expectations, as the stock tends to decline sharply in the short to medium term.

The backtest results show that the IT Services Industry experienced no significant impact following earnings beats, with a maximum return of only 1.99% observed 49 days after the event. This indicates that earnings beats in this sector do not translate into meaningful price movements or sustained gains. Consequently, investors should be cautious about expecting strong positive returns solely based on earnings beats in the IT Services Industry, as the event appears to have limited influence on stock performance over the medium term.

The backtest results show that earnings misses in the IT Services Industry had no significant impact on the sector's stock performance, with a maximum return of 4.54% observed 49 days after the event. This indicates that the market does not strongly react to earnings misses within this industry over the tested period.

The lack of notable price movement suggests that other factors may be more influential in driving IT Services stocks. Investors might consider that earnings misses alone are not reliable signals for trading decisions in this sector.

Backtest WRD Release Earning Report

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