Workday's Modest 0.79% Gains Secure 224th Position in Daily U.S. Trading Activity

On October 6, 2025, Workday (WDAY) closed with a 0.79% gain, marking a modest upward trend in its stock performance. The company's trading volume reached $0.54 billion, securing it the 224th position in daily trading activity across U.S. markets. This level of liquidity suggests sustained institutional and retail investor interest despite mixed broader market conditions.

The stock's price movement appears closely tied to its relative volume positioning. With daily trading activity concentrated in large-cap technology names, Workday's performance reflects a sector-specific dynamic rather than broader market drivers. Analysts note that volume-based strategies often highlight such mid-cap tech stocks during periods of market consolidation, though no major earnings updates or corporate announcements were reported to directly influence the equity's trajectory.

To run a faithful back-test, I need to pin down a few practical details that aren't yet specified. Could you confirm (or let me know different choices) for the items below? If you’d rather move ahead quickly, just tell me to proceed with the “Suggested default” settings.

1. Stock universe • Suggested default: all primary-listed U.S. common stocks that traded on NYSE / NASDAQ / NYSE Arca (≈ 3,500 names after filtering out ETFs, ADRs, etc.). • Other options: S&P 500 constituents, Russell 3000, a specific country / exchange, etc.

2. Daily selection rule • Suggested default: rank each stock by its end-of-day share volume; buy the 500 highest-volume names of that day.

3. Trade price & holding period • Suggested default: – Enter at next day’s open, exit at that same day’s close (≈ 1-day holding period). – Alternative: buy at today’s close and sell at tomorrow’s close.

4. Weighting & sizing • Suggested default: equal-weight the 500 positions (1/500 of portfolio in each name). • Other options: volume-weighted, market-cap-weighted, or notional cap per trade.

5. Transaction cost & slippage assumptions • Suggested default: ignore transaction costs (gives an upper-bound on performance). • I can incorporate a per-share or bps cost if you prefer.

6. Risk controls (optional) • Stop-loss, take-profit, max holding days are usually less relevant for a 1-day strategy, so I’d leave them off unless you want something specific.

Once those are settled, I can pull the required data, generate the daily pick list, and run the back-test. Let me know any changes—or just say “use the suggested defaults” and I’ll get started.