Is there a Geopolitics effect on the European Defense Stocks ?

We want to know whether the war in Ukraine and the Middle East is having a catalytic effect on the European defense stock market. We Backtested six companies : Safran, Thales, Airbus, BAE Systems, Dassault and Leonardo SPA

Backtest

Our scenario is as follows:

Cash = $10 000

fees = 0.002

Airbus

Over a 5-year period, we buy stock when the SMA 75 rises above the SMA 176 and sell in the opposite case.

Dassault Aviation

Over a 5-year period, we buy stock when the SMA 72 rises above the SMA 111 and sell in the opposite case.

Leonardo SPA

Over a 5-year period, we buy stock when prices rises above the SMA 117 and sell in the opposite case.

Safran

Over a 5-year period, we buy stock when the SMA 72 rises above the SMA 111 and sell in the opposite case.

Thales

Over a 5-year period, we buy stock when the SMA 73 rises above the SMA 189 and sell in the opposite case.

BAES Systems

Over a 5-year period, we buy stock when the SMA 72 rises above the SMA 170 and sell in the opposite case.