Pan's $270M Volume Plummets 34.2% to 381st as Peer PAAS Rallies 1.07%

On September 23, 2025, , . . Meanwhile, , drawing attention to sector dynamics.

Recent developments highlight shifting investor sentiment toward Pan’s market position. . The stock’s performance diverged from broader market trends, . , .

. With Pan’s trading activity concentrated in a narrower range, . However, .

To run this back-test accurately, practical details must be clarified: (1) Define the market universe (e.g., all U.S.-listed stocks, S&P 500 constituents, or NASDAQ-listed equities); (2) Establish trading rules for entry/exit timing and holding periods; (3) Determine weighting methodology (equal-weighted or volume-proportional) and rebalancing frequency; (4) Specify assumptions for transaction costs or slippage modeling. Finalizing these parameters will ensure the back-test aligns with the intended strategy framework.