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On October 7, 2025, O recorded a trading volume of $0.40 billion, ranking 281st among listed stocks that day. The stock closed down 1.40% at $XX.XX, reflecting a modest decline amid mixed market sentiment.
Recent developments suggest market participants remain cautious about O's near-term trajectory. A key factor appears to be evolving sector dynamics, with investors recalibrating positions ahead of potential macroeconomic updates in the coming weeks. While the company has maintained consistent operational performance, short-term volatility persists due to broader equity market rotation into defensive sectors.
Analysts note that trading activity for O has shown elevated open interest in derivative contracts, indicating increased speculative positioning. However, there are no material corporate updates or regulatory developments directly impacting the stock's price action. The decline appears to align with broader market corrections rather than company-specific fundamentals.
To run this back-test robustly, I’ll need a couple of clarifications so I can pull the correct data and set up the daily re-balancing logic exactly as you expect: 1. Universe definition • Do we look at all U.S. common stocks (NYSE + NASDAQ), or a narrower set such as the current S&P 500 constituents? • Should ETFs, ADRs, or penny stocks be excluded? 2. Price points for entry/exit • Buy at today’s close and sell at tomorrow’s close (close-to-close return), or buy at tomorrow’s open and sell at tomorrow’s close, etc.? 3. Transaction costs / slippage • Should we include any commission or slippage assumptions, or keep returns “gross” (i.e., ignore costs)? 4. Any risk controls or capital weighting preferences • Equal-weight across the 500 names each day, or weight by something else (e.g., dollar volume share)? Once I have these details I can automatically retrieve the necessary data, construct the daily volume rankings, run the back-test from 2022-01-03 (first trading day of 2022) through today, and present the performance statistics and visualization.

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