Pure Storage Surges 2.45% on 75% Volume Spike Ranks 366th as Cloud Storage Demand Grows

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The upward momentum coincided with renewed market focus on data storage sector fundamentals. Analysts noted improved sentiment toward cloud infrastructure adoption, with Pure positioned to benefit from enterprise demand for scalable storage solutions. While no direct corporate announcements were reported, broader industry tailwinds and institutional positioning contributed to the rally.

Strategic positioning within the sector remains critical for Pure. The stock’s performance aligns with broader market trends emphasizing technology sector resilience amid macroeconomic uncertainties. However, sustained gains will depend on execution against key financial metrics and competitive differentiation in the cloud storage landscape.

To run this back-test cleanly we need to pin down a couple of practical details that the raw instruction doesn’t spell out. I can fill in sensible defaults for you, but please let me know if you’d like anything changed before I pull the data and run the calculation:

1. Universe • Default: all primary-listed U.S. common stocks on NYSE/NASDAQ/AMEX (no ETFs, ADRs or OTC names). • Alternative: a different universe (e.g. all U.S. listed equities including ETFs, or a specific index membership).

2. “Daily trading volume” definition • Default: share volume (shares traded that day). • Alternative: dollar volume (shares × close price).

3. Ranking & trade timing • Default: rank stocks at the close of day t; buy the top 500 at the next-day open; exit at that next-day close (one full trading session “hold”). • Alternative: buy at the same-day close and sell at next-day close, or any other convention.

4. Weighting within the 500-stock basket • Default: equal-weight each name at entry. • Alternative: weight by dollar volume, market-cap, etc.

If those defaults work for you, I’ll go ahead and: • Pull daily volume and one-day forward return data from 31-Dec-2021 through today. • Construct the daily portfolio according to the rules above. • Report cumulative return, annualised return, volatility, Sharpe ratio, max drawdown and a performance curve.