New Slides to 449th in Market Volume as Trading Dives 28.57%

On September 26, 2025, New closed with a trading volume of $0.23 billion, representing a 28.57% decline from the previous day’s activity. The stock ranked 449th in terms of trading volume within the broader market, indicating reduced liquidity and investor engagement compared to recent sessions.

To conduct a back-test, several parameters require clarification: 1) The stock universe—whether to include all U.S. common stocks (~6,700) or limit it to S&P 500 constituents. 2) Ranking methodology—prioritize share volume (as commonly used in studies) or dollar volume. 3) Trade execution assumptions—enter at the next day’s open and exit at the close (standard for one-day strategies) or use closing prices for both entry and exit. 4) Position weighting—equal-weight across 500 stocks or adjust proportionally to trading volume. Default settings (U.S. common stocks, share volume, open-to-close, equal-weight) can be applied unless alternative preferences are specified.