Drawdown
How far the price is below its highest close of the recent past — about 4 months for ETFs, about a year for stocks. The cell shows the percentage and a word: Low, Normal, High or Extreme.
How it is calculated
Drawdown = (highest close − last price) ÷ highest close
The highest close is taken over the last 90 trading days for ETFs and 252 for stocks. A stock that peaked at 200 and trades at 170 is 15% down.
The four levels
The colour shows the size of the drop, not whether it is good or bad. Stocks more than 50% below their peak read Downtrend. Details in Signal states.