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While navigating the volatile market swings during the recovery from the coronavirus pandemic, Goldman Sachs is honing in on one metric it believes can presage returns — stock liquidity. 

The Wall Street firm determined that market liquidity — when a stock is easy to trade without moving its share price — has played an important role in the wild equity markets of 2020 and a single stock’s level of liquidity can signal short-term performance.

Goldman defines liquidity as the percentage of the market cap or a stock that could be traded throughout the day, while only expecting a 10

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