4 ms·
What does drawndown have to do with ATH? The SPX is ~50 points (1.3%) from its ATH right now (3663 as of Friday close) vs ATH of 3715 on 12/9. It's reasonable t
by WA 6y ago
What does drawndown have to do with ATH? The SPX is ~50 points (1.3%) from its ATH right now (3663 as of Friday close) vs ATH of 3715 on 12/9. It's reasonable to say "close to ATH".
Edit: Corrected points and added percentage.
- MR4D 6y agoDepends on your tolerance band. If it’s zero, then only on days when you hit a new ATH can you count as “at ATH”. If you set a 10% threshold, then you’ll have many more days “at ATH”. My point is that actual ATH (versus “near ATH”) are comparably rare.