FoxScore

Metric guide

Current Drawdown

Distance to the most recent all-time high

Standalone ranking availableFoxScore methodology
Plain-language summary

What this metric tells you

Current Drawdown shows how far the asset still sits below its all-time high today. It is a present-tense location metric: not the worst collapse ever, but the gap that still remains right now.

Key takeaway

This metric tells you how much unfinished recovery work is left. It does not tell you how bad the worst historical fall was or whether a new high is close at hand.

FoxScore context

How FoxScore uses it

  • FoxScore uses Current Drawdown as a live recovery-status lens.
  • It helps users distinguish assets that already rebuilt strength from those still trapped below old highs.
  • It is particularly useful after major bear markets or long consolidation phases.

How to interpret this metric

What it measures

  • The percentage distance between today’s price and the historical all-time high.
  • Whether an asset is still deeply underwater or already close to full recovery.
  • A simple gauge of present trend recovery status.

How to read it

  • 0% means the asset is at its all-time high.
  • Values slightly below 0 mean it sits close to the high.
  • Large negative values mean the asset still has a long way to recover.

What can mislead

  • The severity of the worst drawdown event in the past.
  • You assume a small current drawdown automatically means low risk.
  • You ignore whether the old high was reached in a fundamentally very different regime.

Most useful when

  • You want to know who is near breakout territory versus still repairing damage.
  • You compare comeback candidates with already-leading assets.
  • You want a simple present-state risk context before opening detailed trend pages.

Important limits

  • The severity of the worst drawdown event in the past.
  • How long the asset has been below the high.
  • Whether the current uptrend is stable or fragile.
Methodology and sources

Technical definition, calculation notes and sources stay available here without dominating the explanation.

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.

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.

Metric ranking

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