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On October 2, 2025, The recorded a trading volume of $0.27 billion, reflecting a 21.19% decline compared to the previous day. This placed it at rank 441 in terms of trading activity within the broader market. The stock closed with a 0.80% decline, aligning with subdued investor sentiment amid mixed sector performance.
Recent market dynamics highlight a broader trend of reduced liquidity for The, with analysts noting that the sharp drop in trading volume could signal short-term caution among institutional and retail investors. While no direct corporate announcements impacted the stock, sector-wide volatility and macroeconomic uncertainties contributed to a risk-off environment. The decline in dollar volume suggests reduced participation in its shares, potentially limiting near-term price discovery mechanisms.
To establish a rigorous back-test, several parameters require clarification: the equity universe scope (e.g., all U.S. common stocks vs. Russell 3000), volume ranking methodology (share volume vs. dollar volume), liquidity filters (e.g., excluding sub-$1 stocks), and execution assumptions (e.g., one-day holding periods with transaction-cost considerations). Additional details on result formats, such as benchmark comparisons or equity curve outputs, will refine the analysis. With these parameters confirmed, the back-test can be executed from January 3, 2022, to October 2, 2025, to evaluate the strategy’s historical performance.

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