Backtest
The backtest shows that OCCI underperforms following earnings beats, with a low 25% win rate over 3 and 30 days and a negative average return of -7.04% after 30 days. This indicates that positive earnings surprises do not translate into stock gains for OCCI, reflecting weak investor confidence or other adverse influences post-earnings.
In contrast, the overall Capital Markets Industry displays minimal price movement after earnings beats, with a max return of just 0.56%, suggesting limited short-term impact from such events across the sector.
Investors should be prudent when trading OCCI on earnings beats and consider broader or longer-term factors within the industry for better investment decisions.
