ReturnScreener

Drawdowns & Recovery

Every fall, and how long it took to undo

Plenty of sites will tell you a stock's all-time high. Almost none will tell you that it once fell 61% and took thirty-two months to get back. Pick a company and you will see both — the highest price it has ever traded at, how far below that it sits today, the deepest fall in its record with the months named, and how long the recovery actually took.

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Drawdowns — common questions

Everything you need to know about this page and the data presented.

What is a drawdown?
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The fall from a previous peak to the low that followed it, before a new peak was reached. A maximum drawdown is the worst of those falls in a stock’s whole record. It matters more than volatility for most investors because it is the number that gets people to sell — a 60% fall is not an abstraction while you are living through it.

Why do you show two different all-time highs?
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Because they answer different questions. The all-time high price is the highest a stock ever traded at, on the same basis prices are quoted today. The drawdown figures instead track the value of a holding whose dividends were reinvested, so its peak is the high point of that holding rather than of the price. On any dividend payer the two differ, and using the second to answer "what is the all-time high" would understate it by the dividends paid since.

Are these live prices?
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No. Every figure here refreshes when our data pipeline runs, and each page states the date it was measured on. This is a historical research record, not a quote feed, and it is not intended for trading decisions. If you need the price this second, use your broker.

Why does a stock show no all-time high at all?
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Because its stored price history contains an unresolved corporate-action break — a point where our data source never re-based prices after a split or similar event. A high measured across that break would not be a price the stock ever traded at, so we withhold it rather than publish a number we cannot stand behind. The drawdown record, measured from the trustworthy part of the history, is still shown.

Does a big fall mean a stock is cheap?
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No, and the pages here are careful not to imply it. A stock 70% below its high may be a business in permanent decline or one in a temporary cycle, and the price history alone cannot tell you which. These pages describe what happened; they are not valuations and not recommendations. ReturnScreener is an educational research platform and is not a SEBI-registered investment adviser.

How far back does the history go?
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Up to twenty years for companies listed that long, and each page states the exact window it measured. Where a stock’s early history contains a data break, the record is measured only from the point it becomes trustworthy — the same rule the rest of the site uses, so a drawdown page never contradicts the figures on the company’s own overview.

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Other ways to read the same history

A drawdown is one question the price record can answer. Here are the others.

ReturnScreener is an educational research platform and is not a SEBI-registered investment adviser. Everything here is a record of historical prices, refreshed when our pipeline runs rather than continuously. A large fall is not by itself evidence of value. Past performance does not guarantee future returns.