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On October 9, 2025, , . The stock ranked 398th in market activity across U.S. equities, reflecting reduced investor engagement amid broader market conditions.
Analysts noted that the selloff aligned with sector-wide underperformance in healthcare equities, driven by regulatory uncertainty surrounding . While no company-specific news directly impacted HUM’s price movement, broader macroeconomic concerns—including rising —compressed risk appetite in the sector. The decline in trading volume suggests diminished short-term speculative activity, though long-term fundamentals remain intact.
For the back-test validation: A precise methodology requires defining key parameters. The universe scope—whether S&P 500 constituents or broader U.S. equities—will determine data accuracy. Execution timing (close vs. open) and rebalancing frequency (daily turnover or fixed intervals) directly affect performance metrics. Transaction cost assumptions must also be specified to reflect real-world friction. Once these criteria are finalized, the automated strategy can be calibrated to replicate the volume-based selection process and generate actionable signals.

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