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Bentley Systems (BSY) Shares Soar 1.08% on Strong Q1 Earnings

Mover TrackerThursday, May 15, 2025 7:02 pm ET

1min read

Bentley Systems (BSY) shares rose 0.58% today, reaching their highest level since December 2024 with an intraday gain of 1.08%.

The strategy of buying BSY shares after they reach a recent high and holding for 1 week shows promising results over the past 5 years. The backtest data indicates that this strategy outperforms the buy-and-hold approach, with a higher win rate and lower drawdown. This suggests that the strategy effectively captures short-term upward movements in the stock price, while minimizing the risk of holding onto the stock during periods of decline.

Higher Win Rate: The backtest results show a win rate of 60%, indicating that 60% of the time, the stock price increases within a week after reaching a recent high. This is a higher win rate than the buy-and-hold strategy, which implies that the "buy the dip" strategy is more likely to be profitable in the short term.

Lower Drawdown: The strategy also resulted in a lower drawdown compared to the buy-and-hold approach. This means that the capital is protected better during periods of market downturn, which is a significant advantage in volatile markets.

Outperformance: The backtest data shows that the strategy outperforms the buy-and-hold strategy in terms of both average returns and maximum returns. This suggests that the "buy the dip" strategy not only reduces risk but also has the potential to generate higher returns.

In conclusion, the backtest results demonstrate that buying BSY shares after they reach a recent high and holding for 1 week is a effective strategy over the past 5 years. It offers a higher win rate, lower drawdown, and better overall returns compared to a buy-and-hold approach. This strategy can be a valuable tool for investors looking to capitalize on short-term price movements while managing risk.

Bentley Systems, Incorporated (BSY) has recently seen fluctuations in its stock price due to several significant developments. The company reported strong financial performance for the first quarter of 2025, with notable revenue growth. This positive performance was further bolstered by a 12% increase in Annual Recurring Revenue (ARR), indicating a robust and growing customer base. The company's strategic geographic diversification efforts have also contributed to its overall growth, despite some challenges in the professional services revenue segment. Additionally, over the past three months, there has been a 1.5% increase in the consensus EPS estimate for the current year, which has likely contributed to the positive sentiment surrounding BSY's stock.

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