Newmont Slips 0.47% as $0.82 Billion Trading Volume Ranks 127th in U.S. Equities

, 2025, , ranking 127th among U.S. equities by dollar turnover. The session's performance was influenced by mixed market sentiment toward gold prices and broader commodity sector dynamics.

Recent reporting highlighted Newmont's operational updates from its Nevada and Australia operations, where production guidance for Q3 remained within expected ranges. Analyst notes emphasized the company's disciplined capital allocation strategy, though no material earnings surprises were reported. Macroeconomic factors, including , contributed to sector-wide volatility but did not directly impact Newmont-specific fundamentals.

To run this back-test rigorously I need to pin down a few practical details that aren’t fully specified yet. Once we lock these in I can fetch the data and run the test automatically. Key items to confirm (with suggested defaults): 1. Universe • Default suggestion: all U.S.-listed common stocks that have been active (had prices) since 2022-01-01. • Alternative: restrict to a benchmark universe (e.g., Russell 3000 or S&P 1500). 2. Ranking & weighting • Ranking rule: each trading day rank by that day’s dollar trading volume (price × shares traded) and take the top 500. • Weighting suggestion: equal-weight the 500 names (1/500 each). • Alternative: weight by dollar volume proportionally. 3. Trade execution price • Common assumption: form the portfolio at today’s close and execute at next day’s open, then hold one session. • Alternative: trade and liquidate both at the same day’s close (may introduce look-ahead bias). 4. Transaction costs / slippage • Default: ignore costs (produces a “gross” return). • Alternative: apply a fixed bid–ask spread or commission per trade. 5. Corporate-action handling • Default: use split-/dividend-adjusted prices. 6. Risk controls (optional) • Stop-loss, take-profit, or max hold days are irrelevant here because the position is always closed the next day, but let me know if you want extras. If the defaults above are acceptable, just say “Run with defaults.” Otherwise please specify any changes and I’ll incorporate them before I launch the back-test.