Unity's 1.54% Rally Backed by AI Expansion Volume Ranks 271st in U.S. Equities

On Sept. 26, 2025, Unity Software (U) surged 1.54% to close at $38.75, with a trading volume of $380 million—ranking 271st among U.S. equities. The stock's performance followed a strategic update highlighting progress in its real-time 3D content platform. Analysts noted increased institutional activity in the name, though broader market volatility tempered momentum.

Recent developments focused on Unity's roadmap for AI integration in its creative tools, with CEO Ebbers announcing expanded partnerships with cloud providers to enhance scalability. The company also announced a revised financial outlook, citing improved retention rates in its subscription business. These factors contributed to renewed investor confidence in the stock's long-term positioning.

To evaluate the strategy rigorously, we need to pin down a few practical details before pulling data and running the back-test. Could you please confirm (or adjust) the following points? Stock universe: default proposal includes all primary-listed U.S. common equities (roughly 3,000 names). For every trading day t, we'll rank the universe by previous day’s dollar volume and buy top 500 names at next day’s open, exiting at close of day t+1. Back-test window spans from 2022-01-03 through 2025-09-25. Unless specified, assume zero transaction costs and perfect liquidity. Performance metrics beyond cumulative return and annualized Sharpe include max drawdown, turnover, and hit rate. Once parameters are confirmed, the data-retrieval plan will be executed.