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On September 25, 2025,
(SYK) closed with a 0.71% decline, trading on $640 million in volume—the 183rd highest among listed stocks. The medical technology firm’s shares faced pressure amid broader market volatility, though no direct earnings or corporate announcements were reported to trigger the move.To run this back-test accurately, we would require a daily list of the 500 highest-volume stocks since January 1, 2022, to construct an equal-weighted overnight portfolio. Current tools allow back-testing on single tickers or predefined date ranges but lack the capability to screen the entire market daily or manage a 500-stock basket. Options to proceed include submitting a file with daily ticker lists, narrowing the scope to representative ETFs like SPY or QQQ, or adjusting the strategy to focus on single-ticker volume rankings. A response specifying preferred methodology or sharing required data is needed to advance the analysis.

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