Current Drawdown
Distance to the most recent all-time high
Description
Current drawdown shows how far today’s price is below its historical all-time high.
0% means “at the high”, −10% means “10% below the high”.
Unlike max drawdown, this metric does not look for the worst historical event — it measures the current distance to the high.
Source
Calculation
- 1) ATH = max(Price_0..today)
- 2) Price_today / ATH
- 3) dd_current = (Price_today / ATH) − 1
Interpretation
- Closer to 0 is better.
- Very negative values indicate the asset is still far below its high.
Ranking
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