LPL Financial Rises 0.84% on Weak Volume Ranks 457th in Trading Activity

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A systematic back-test framework for evaluating a stock-screening strategy requires clarity on three key parameters: universe definition, , and practical constraints. For instance, specifying whether to use the or broader U.S. equities, determining daily rebalancing rules (e.g., equal-weighted baskets), and addressing technical limitations of current back-testing engines, which typically handle single-ticker strategies rather than multi-asset portfolios.

A feasible approach involves selecting a defined universe, ranking stocks by dollar volume, and constructing an equal-weighted portfolio of the top 500 names. Daily returns would then be aggregated and fed into the back-test engine as a to assess performance. Adjustments to this methodology, such as incorporating volume-ranked weighting or alternative rebalancing intervals, could be explored upon confirmation of the baseline framework.