Tencent

For Tencent, drawdown measures the percentage decline from its all-time high closing peak of $99.10 (reached on Feb 12, 2021) to its latest daily close of $48.69: (($48.69 - $99.10) / $99.10) × 100 = -50.87% Calculations use official daily settled closes to filter out intraday wick noise. The drawdown only resets to 0.00% when a new settled close surpasses $99.10.

Measuring from Tencent's all-time high closing price of $99.10: • -10% Dip: Triggers at $89.19 • -20% Pullback: Triggers at $79.28 • -35% Correction: Triggers at $64.41 • -35% Bear Market: Triggers at $64.41 At its latest close of $48.69 (-50.87%), Tencent is currently in Bear Market territory (Deep single-stock bear market drawdown (> 35% decline from peak).).

From its current drawdown of -50.87%, Tencent must gain +103.5% from its current price of $48.69 to break even back at its all-time high of $99.10. Because losses compound on a reduced capital base, the recovery gain required always exceeds the drawdown percentage. For example, on a hypothetical $1,000 capital base at today's price, returning to prior all-time highs equals $2,035.33 (a +$1,035.33 recovery increase).

Across completed annual calendar cycles, Tencent experienced an average intra-year pullback of -29.7%, taking an average of 135 calendar days to reach bottom from its intra-year peak. The deepest annual decline occurred in 2022 with a -59.2% drop, while the mildest year was 2017 with a pullback of only -14.8%.

The maximum historical drawdown recorded for Tencent across tracked cycles is -74.09%. In recent market history, its deepest calendar year decline occurred in 2022, falling -59.2% from $62.97 (Feb 9, 2022) down to a trough of $25.68 (Oct 24, 2022), spanning 257 days from peak to bottom.

Tencent (TCEHY) is tracked as a top constituent holding in 1 major benchmark index: • Hang Seng (^HSI): currently at -30.75% drawdown