ServiceNow's 37% Volume Surge Propels It to 52nd in Market Activity as High-Liquidity Strategy Outperforms S&P 500

Generated by AI AgentAinvest Volume Radar
Wednesday, Sep 10, 2025 8:35 pm ET1min read
NOW--
Aime RobotAime Summary

- ServiceNow (NOW) fell 1.08% on Sept 10, 2025, amid a 37.02% volume surge to $1.53B, ranking 52nd in market activity.

- A volume-weighted strategy selecting top 500 stocks by dollar volume outperformed S&P 500 from 2022–2025, with higher Sharpe ratios and positive return skewness.

- ServiceNow's inclusion in the strategy highlights its liquidity-driven appeal, though the volume spike suggests short-term profit-taking rather than fundamental shifts.

- The back-test assumed daily re-balancing of ~4,000 U.S. stocks with no transaction costs, emphasizing liquidity dynamics over company-specific fundamentals.

On September 10, 2025, , . The heightened liquidity suggests increased institutional or algorithmic participation despite the downward price movement.

Back-test analysis of a volume-weighted trading strategy reveals key insights. . , . , .

ServiceNow’s inclusion in such a portfolio during this period underscores its role as a liquidity magnet. However, , coupled with a price drop, highlights potential short-term profit-taking or positioning adjustments. .

Back-test assumptions: Universe of ~4,000 U.S. common stocks, daily re-balancing to top 500 by dollar volume, equal-weight positions, no transaction costs, and a 2022–2025 test window. , , .

Hunt down the stocks with explosive trading volume.

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