Kinder Morgan's 0.04% Gains Overshadowed by 401st-Ranked Trading Volume as Energy Infrastructure Loses Investor Appeal
On September 12, 2025, , . The company's performance reflects subdued market participation despite modest price gains. Analysts noted that the decline in volume compared to previous trading sessions suggests limited investor interest in energy infrastructure assets at current valuation levels.
Recent developments indicate mixed market sentiment toward midstream energy operators. With no significant earnings reports or regulatory announcements directly impacting KMI's operations, the stock's movement appears decoupled from sector-specific catalysts. The broader energy infrastructure segment remains under pressure from persistently low commodity prices and regulatory uncertainties, though KMI's continues to offer defensive characteristics compared to peers.
To run this back-test accurately I need to lock down a few practical details: 1. UniverseUPC-- • Should we restrict the selection to U.S. common stocks listed on NYSE + NASDAQ + AMEXAXP--, or do you want another market/universe? 2. Ranking and re-balancing rule • Each trading day we rank all stocks by that day’s dollar trading volume (shares × price) and buy the 500 highest. • Positions are equal-weighted at entry. • Positions are opened at the same day’s close and closed at the next day’s close (i.e., 1-day holding period). → Are these assumptions acceptable? 3. Transaction costs • Should we include commissions or slippage? (If nothing is specified, I will assume zero explicit costs.) 4. Benchmark • Would you like the strategy’s performance compared with any particular index (e.g., S&P 500)? Once I have these clarifications I can retrieve the necessary data and run the back-test from 2022-01-03 (first trading day of 2022) through today.

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