FMG

How is FMG doing right now?

In plain terms: FMG is 26.3% below its highest-ever price. Dipsern checks every past time it was this far down and grades how the next 90 days usually went.

As of the latest market close, Fortescue Ltd. (FMG) is trading in a deep drawdown, 26.3% below its all-time high at $18.36. Asset price action of this severity has historically marked attractive entry zones — but only when fundamentals weren't permanently impaired. The historical median return below quantifies that pattern for FMG specifically.

What history says at this drawdown

Across all available history, FMG has spent enough trading days in the 30%-to-25% drawdown band to build a meaningful sample (192 observations). Dipsern segments these by drawdown depth and computes the rolling median forward 90-day return — that median is the primary signal you see in the full app, and it's substantially more robust than mean-based forecasts because it ignores fat-tail outliers in both directions.

What this means for FMG

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 FMG's own volatility history. Below 20% drawdowns the historical median forward return often becomes attractive — but with rising variance. The win-rate column in the segments table is more useful than the median at this depth.