Time underwater
How long the value has spent below a previous high.
How to use it
Measures the patience a strategy or portfolio demands.
In Kereon
Portfolio. The longest stretch, in calendar days, that the growth curve of today's weights spent below its running peak.
Investing · price record. The total number of sessions in the loaded history that closed more than 0.1% below the running high — all of them, not the longest stretch.
Also called: time underwater, longest underwater.