Sea Ltd's Strategic Push in Southeast Asia Drives 1.84 Gain and 162nd Trading Volume Ranking
Sea Ltd (SE) closed 1.84% higher on October 1, 2025, with $780 million in trading volume, ranking 162nd among listed stocks. The e-commerce and digital entertainment firm saw renewed investor interest amid strategic developments in its core markets.
The stock's performance followed reports of expanded partnerships in Southeast Asia's mobile gaming sector, where Sea's Garena division is strengthening its competitive advantage. Analysts noted that recent infrastructure investments in cloud gaming services could enhance long-term revenue visibility for the company's digital entertainment segment.
Sea's e-commerce platform Shopee demonstrated operational efficiency gains in Q3, with logistics network optimizations reducing delivery costs by 8% year-over-year. These improvements align with management's focus on maintaining profit margins amid regional price competition.
To build a credible back-test I need to pin down a few practical details that are not yet specified: Universe - Do you want to rank every U.S. listed common stock (NYSE + NASDAQ + AMEX) each day, or limit it to a particular list such as the S&P 500 constituents? If you had another market (e.g., HK, London, India, etc.) in mind, please let me know. Execution price & rebalancing logic - Should we form the portfolio after the close each day (using that day’s volume), buy at next day’s open, and exit at the same day’s close (1-day holding period)? Or do you prefer buy at today’s close and exit at tomorrow’s close? Position sizing - Equal-weight across the 500 names? Any cash reserve or leverage? Practical frictions - Apply round-trip transaction cost (e.g., 2 bps per side) or assume frictionless trading? If you’re happy with some reasonable defaults, I can propose: Universe: all U.S. common stocks with > $1 average daily dollar volume. Buy at next-day open, sell at that same day’s close. Equal-weight, fully invested each day. 2 bps per side transaction cost. Please confirm (or amend) the above so I can set up the data pulls and run the back-test from 2022-01-01 through today.

Hunt down the stocks with explosive trading volume.
Latest Articles
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments
No comments yet