Carrier's Trading Volume Plummets 45.63% to 240th Rank Amid HVAC Sector Caution

On September 11, 2025, , , . , indicating reduced short-term market interest.

Recent developments suggest mixed market sentiment toward the company's strategic direction. A key factor appears to be the broader sector dynamics affecting HVAC and refrigeration equipment demand. While no direct earnings or partnership announcements were disclosed, industry analysts have noted potential headwinds from slowing infrastructure spending in key markets. This aligns with broader macroeconomic trends, though no specific regulatory or operational risks were highlighted.

Market participants are closely monitoring the company's capital allocation strategy, particularly as competitors have recently announced cost-cutting measures. However, there is no immediate indication of similar actions at Carrier. The absence of major institutional investor activity or significant short-term debt maturities further supports the view that the decline is more reflective of sector-wide caution than company-specific concerns.

To run this back-test rigorously, I need to pin down several practical details first. Universe: Which market (e.g. all U.S. common stocks, a specific exchange, only S&P 500 constituents, etc.) should be ranked each day? If you already have (or can provide) a ticker list, please share it. Otherwise I will default to all actively traded U.S. common stocks. Ranking field: “Daily trading volume” can mean share volume or dollar volume (volume × price). Please confirm which you prefer. Trade price assumptions: Entry at the same-day close and exit at next-day close is the most reproducible rule. Is that acceptable, or would you rather use open prices? Should we include an estimated transaction cost (e.g. 2 bp per leg)? Output format: Besides daily equity curve and summary statistics (CAGR, Sharpe, max drawdown, etc.), do you need per-trade logs? Once I have these clarifications I can generate the data-retrieval plan, pull the required price/volume history, and run the back-test.