Roblox Gains 0.29% as $710M Volume Propels It to 185th in U.S. Liquidity Rankings

On October 10, 2025, Roblox (RBLX) closed with a 0.29% gain, trading at a daily volume of $0.71 billion, ranking 185th among U.S. equities by liquidity. The stock’s performance was influenced by strategic updates to its platform infrastructure and user engagement metrics, with analysts noting cautious optimism around its long-term growth potential.

Recent developments highlighted include the company’s focus on expanding its cloud-based development tools for creators, alongside partnerships to enhance cross-platform accessibility. These initiatives align with broader investor interest in metaverse-related technologies, though near-term profitability remains a key area of scrutiny for market participants.

To back-test this strategy rigorously I need to pin down a few practical details: Universe • Which market / exchange should the stock universe come from (e.g. all U.S. listed equities, only S&P 500 constituents, China A-shares, etc.)? • Should delisted stocks be included? “Top 500 by daily trading volume” • Rank by share volume or by notional (dollar) volume? • Select the 500 names fresh every trading day, equally weight them, and fully rebalance daily -- is that the intent? Pricing / execution assumptions • Use the closing price on the ranking day to BUY, then sell at the next day’s close (i.e. a 1-day holding period)? • Any transaction-cost or slippage assumptions? Back-test window • Start date: 2022-01-03 (first trading day of 2022) is OK? • End date: today (2025-10-10) or the most recent trading day available?