Stock's Trading Volume Plummets 47.35% Ranked 196th in Liquidity Amid Cautious Market Sentiment

On September 22, 2025, , . .

Market participants noted muted liquidity in The’s shares, with analysts attributing the drop in trading activity to reduced investor engagement amid mixed macroeconomic signals. While no direct earnings or corporate governance announcements impacted the stock, broader market sentiment remained cautious as traders navigated evolving interest rate expectations.

Conducting an accurate back-test requires clarification on several key parameters: Universe—whether to include all U.S. exchange-listed common stocks or a narrower subset like S&P 1500 constituents; —whether to rank by share volume or dollar volume; weighting—whether to use equal-weighted or volume-weighted schemes across 500 names daily; execution assumptions—whether to buy at close and sell at next-day close or alternative methods. Simplifications could involve testing a representative subset (e.g., top 100 stocks) or using a premade high-liquidity index to approximate strategy performance.