Atlassian Shares Drop 4.41% as Trading Volume Falls to 297th on Listed Equities

On September 10, 2025, , marking its lowest intraday level since [date]. , .

Market participants observed muted trading interest amid a broader selloff in software stocks. The reduced liquidity highlighted by the volume contraction suggests limited institutional or retail participation, potentially signaling short-term uncertainty around the company's strategic direction or macroeconomic headwinds.

A back-testing framework has been proposed to evaluate volume-driven trading strategies. . The strategy assumes equal weighting, one-day holding periods, and no transaction costs. , 2022, , drawdowns, .

To run this back-test rigorously, the following assumptions are applied: the universe includes all U.S.-listed common shares with at least one trading day of history since January 1, 2022. Prices will be adjusted for corporate actions, and delisted securities will be retained to avoid survivorship bias. , volatility, , .

If these parameters are confirmed, . .