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On September 17, 2025, , . equities. The stock's modest gains coincided with a broader market consolidation phase, though no material news directly linked to the company's operations or financials was reported to influence the move.
Analysts observed limited catalysts for the upward trajectory, noting the absence of earnings updates, partnership announcements, or regulatory developments tied to Affirm's business model. The trading activity appeared to reflect broader retail investor positioning rather than fundamental shifts in the company's performance metrics.
For backtesting purposes, . **Universe Selection**: Should the "top-500" list include all U.S. common stocks or be restricted to S&P 1500 constituents? 2. ? 3. ? 4. **Transaction Costs**: Are commissions, slippage, or other frictions to be modeled? .

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