AutoZone Gains 0.14% on $470M Volume Ranks 253rd in U.S. Equity Liquidity Amid Mixed Sector Momentum
On October 2, 2025, AutoZoneAZO-- (AZO) closed with a 0.14% increase, trading on $470 million in volume, ranking 253rd in terms of liquidity among U.S. equities. The stock's modest gain occurred against a backdrop of mixed sector performance, with retail and consumer discretionary stocks showing uneven momentum amid shifting macroeconomic expectations.
Analysts noted that the stock's volume-to-price ratio indicated limited short-term speculative activity, as the 253rd liquidity rank suggested constrained institutional participation compared to peers. The narrow price movement suggested a balance between cautious buyers and profit-taking sellers, with no material news directly tied to the company's operations or market position influencing the session.
To run this back-test rigorously I need to pin down a few practical details and make sure the data set we create matches what you have in mind: 1. Universe • Should we use all U.S. common stocks listed on NYSE + NASDAQ + AMEX, or a different universe (e.g., only S&P 500 constituents each day)? 2. Ranking rule (daily) • “Top 500 stocks by daily trading volume” – do you want this ranking done on each day’s close (i.e., pick the 500 names with the largest dollar volume or share volume that day)? • If it is dollar volume, we’ll multiply shares × close price; otherwise we’ll rank by share volume. Which do you prefer? 3. Entry / exit mechanics • Buy at today’s close, hold one full trading day, and exit at tomorrow’s close (i.e., Close-to-Close return)? • Or buy at tomorrow’s open and exit at tomorrow’s close (Close-to-Open-Close)? 4. Weighting scheme • Equal-weight across the 500 positions, or weight by volume / dollar volume? 5. Benchmarks or transaction costs • Any benchmark comparison (e.g., SPY) or trading-cost assumptions you’d like included? Once we lock these items down, I’ll fetch the necessary daily volume and price data, construct the day-by-day 500-stock basket, and run the performance engine from 2022-01-01 to 2025-10-02. Let me know your preferences and I’ll proceed.


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