Norwegian Air’s 351st Volume Rank Contrasts with Top 500 Strategy’s 166.71% Return

On July 30, 2025, Norwegian Air Shuttle (RYA.OL) recorded a trading volume of 0.36 billion, ranking 351st in market activity. The company’s shares closed 0.04% lower, reflecting mixed investor sentiment amid evolving market dynamics. The stock’s performance was influenced by sector-specific factors, though broader market volatility played a limited role in the session.

Recent developments highlight the airline’s strategic positioning in a recovering travel sector. Analysts noted that the company’s operational efficiency and cost management remain critical focus areas, with recent fleet optimization efforts drawing attention from institutional investors. However, macroeconomic uncertainties, including fuel price fluctuations and regulatory changes, continue to pose near-term risks to profit margins.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day yielded a 166.71% return from 2022 to the present, significantly outperforming the benchmark return of 29.18%. The strategy’s excess return was 137.53%, and it achieved a CAGR of 31.89%. This conclusion is based on the following points: The strategy’s return from 2022 to the present was 166.71%, surpassing the benchmark return of 29.18% by a substantial margin. The strategy’s excess return, calculated as the difference between the strategy’s return and the benchmark return, was 137.53%. The strategy achieved a CAGR of 31.89% from 2022 to the present. The strategy recorded a maximum drawdown of 0.00% and a Sharpe ratio of 1.14.