Sea Ltd. Rises 0.88% as $530M Trading Volume Ranks 211th Amid Strategic Expansion and Regulatory Scrutiny

Sea Ltd. (SE) rose 0.88% on October 8, with a trading volume of $0.53 billion, ranking 211th in market activity that day. The stock’s performance reflects mixed investor sentiment amid evolving market dynamics and sector-specific developments.

Recent reports highlight Sea’s strategic focus on expanding its digital entertainment and e-commerce ecosystems, which analysts suggest could drive long-term growth. The company’s third-quarter revenue guidance, while not explicitly disclosed, is expected to align with its broader diversification efforts. Additionally, regulatory updates in key markets have prompted renewed scrutiny of Southeast Asia’s tech sector, though Sea’s compliance framework appears to mitigate immediate risks.

To run this back-test rigorously I need to pin down a few practical details: Universe—Which stock universe should the “top-500-by-volume” be drawn from each day? Data source/exchanges—NYSE + NASDAQ only, or include OTC, foreign ADRs, etc.? Weighting & rebalancing convention—Equal-weight the 500 names each day, or weight by dollar-volume? Transaction costs & slippage—Should we assume zero, a fixed bid-ask spread, or a per-share commission? Risk controls—Stop-loss, max hold days, draw-down limits, etc. Once these items are fixed I can pull the required data and run the back-test from 2022-01-01 through today.