DocuSign's Trading Volume Plunges 51% to $410M, Ranking 288th in U.S. Equities

On September 8, 2025, , , ranking it 288th in trading volume among U.S. equities. .

Recent market dynamics suggest a shift in investor sentiment toward digital transformation tools. DocuSign's performance aligns with broader sector momentum as remote work adoption and e-signature demand show resilience in Q3 earnings reports. Analysts highlight the company's competitive positioning in the space, though caution persists over macroeconomic tailwinds affecting SaaS valuations.

Back-test parameters for evaluating trading strategies require clarification on implementation details. Key considerations include universe selection (e.g., U.S. equities or specific indices), signal construction methods (volume-based ranking), , and capital allocation frameworks. and risk controls will be excluded in initial testing phases to isolate core strategy performance. Data collection and signal generation will proceed using daily price/volume records from January 3, 2022, to September 6, 2025, with results including and equity curve visualizations.

The proposed assumes equal-weighted positions in the top 500 stocks by dollar volume, with daily rebalancing and one-day holding periods. Adjustments to these parameters—such as alternative universes, share volume-only rankings, or different exit timings—can be implemented upon confirmation. Initial results will focus on strategy returns without accounting for market frictions or risk mitigation measures.