Aerovironment Surges 3.66% on 88.69% Volume Spike Ranks 218th in U.S. Equities Trading

. 23, , . . equities, reflecting heightened investor interest despite its niche market position in unmanned aerial systems and energy services.

Recent developments highlight AVAV’s strategic focus on defense and renewable energy sectors. The company’s recent contract renewals with U.S. military agencies underscore demand for its high-performance drones, while its clean energy division has secured utility-scale solar project contracts in California. Analysts note these dual-stream revenue drivers could buffer against macroeconomic headwinds, though margin pressures persist in its legacy energy services segment.

To set up an accurate back-test I need to pin down a few practical details: Universe—Should we look at all U.S. common stocks (NYSE + NASDAQ + NYSE Arca) or a narrower list (e.g., Russell 3000 constituents)? Rebalancing rule—My default interpretation is: each day at the close we rank the entire universe by that same day’s dollar volume, , . Is that what you have in mind? Transaction costs & slippage—Should we ignore them, or apply a flat cost (e.g., ? ? If the above assumptions are fine (or once you adjust them), .