601988

How is 601988 doing right now?

In plain terms: 601988 is 4.8% below its highest-ever price. Dipsern checks every past time it was this far down and grades how the next 90 days usually went.

Right now 601988 — Bank of China — is in a shallow pullback, down 4.8% from its record high. Last price: $5.99. A move of this size is statistically unremarkable. It's the kind of pullback that bounces fast or extends into a deeper correction; the next leg is what matters.

What history says at this drawdown

History at this drawdown level is well-populated for 601988 — 478 confirmed observations in the 5%-to-0% band. The Dipsern engine uses these to compute a rolling median rather than a mean, because medians are robust to the kind of fat tails you find in hk/china stocks return distributions. The win rate (% of episodes that closed positive after 90 days) is shown in the segments table below.

What this means for 601988

Drawdown-based signals work across asset classes but the magnitude of meaningful moves varies. Dipsern computes the segmentation per-asset so the bands are calibrated to 601988's own volatility history. This drawdown band tends to mean-revert quickly. The Dipsern win rate here is informative — if it's well above 50%, momentum traders treat these dips as buy-the-pullback setups.