Okta Gains 1.47% on $250M Turnover But Ranks 446th in U.S. Equity Volume
Okta (OKTA) rose 1.47% on September 25, with a trading volume of $0.25 billion, ranking 446th among U.S. equities. The stock’s performance reflects investor activity amid broader market dynamics, though no direct corporate announcements or partnerships were reported to influence the move.
To rigorously back-test the strategy, clarification is required on key parameters. The universe definition must specify whether the "top 500 stocks by daily trading volume" includes all U.S. common stocks or a narrower list like the S&P 500. Execution pricing conventions also need alignment—whether trades occur at the next day’s open or close. Transaction costs are assumed zero unless stated. Given current engine capabilities, two approaches are viable: using an S&P 500 proxy (e.g., RSP or SPY) or narrowing the study to a single stock with "high-volume days" as triggers. Confirmation on these details will enable the back-test execution.


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