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On October 9, 2025,
closed with a 0.74% decline, trading with a daily turnover of $1.47 billion—a 23.58% drop from the previous day’s volume. The chipmaker ranked 55th in trading activity among listed equities, reflecting mixed investor sentiment amid evolving market dynamics.Recent market-moving developments for ASML centered on its production capacity and client demand visibility. Analysts noted that ongoing supply chain adjustments in the semiconductor sector have created short-term volatility, though long-term demand for advanced lithography systems remains resilient. Strategic shifts in R&D allocation and potential regulatory developments in key markets were also flagged as near-term risk factors by institutional observers.
The firm’s technical indicators showed a narrowing consolidation pattern, with volume levels below the 50-day average. Short-term traders emphasized the importance of monitoring the $250 psychological level as a critical support threshold, while longer-term investors remained focused on quarterly earnings guidance and capital expenditure plans.
I understand you’d like to test a daily-rebalanced, cross-sectional strategy (buy the 500 highest-volume stocks each day and hold them for one trading day) from 2022-01-01 to the present. At the moment, the available back-test engine is designed for single-ticker strategies rather than basket-wide, cross-sectional portfolios. To move forward, we have a couple of options: 1. Proxy approach: Choose a highly diversified ETF (e.g., SPY, VTI, or another benchmark) and back-test the “one-day hold” logic on that single instrument. This would illustrate the mechanics of a one-day hold but would not capture the cross-sectional volume signal. 2. Custom basket back-test (requires external data processing): We can export the daily volume ranks for all tradable U.S. stocks, build the daily list of the top 500 tickers, and then compute equal-weight (or value-weight) portfolio returns. This path is feasible but would need a custom data pipeline beyond the built-in tools. If you’d like to proceed, please confirm and I can outline the data requirements and next steps.

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