APA Corporation drawdown: 69.4% below the all-time high
APA Corporation is 69.4% below its all-time high, set May 20, 2008 (as of market close, Sep 18, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.
- Below all-time high
- −69.4%
- 30.6% of ATH
- All-time high
- $146.8
- May 20, 2008
- Time below the high
- 18.3 yrs
- since May 20, 2008
- Worst-ever drawdown
- −97.3%
- Apr 1, 2020
- Longest underwater
- 18.3 yrs
- between all-time highs
- Today's level first reached
- Apr 16, 2004
- 22.4 yrs ago
- Last time this deep
- Mar 15, 1989
- in a previous episode
% of all-time high since 1979#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| May 20, 2008 | Apr 1, 2020 | −97.3% | 11.9 yrs | not yet | 18.3 yrs+ |
| Aug 11, 1981 | Sep 16, 1988 | −77.5% | 7.1 yrs | Jun 3, 1993 | 11.8 yrs |
| Oct 6, 1997 | Feb 1, 1999 | −58.7% | 16 mo | Aug 5, 1999 | 1.8 yrs |
| Dec 28, 2000 | Sep 26, 2001 | −47.1% | 9 mo | Feb 24, 2003 | 2.2 yrs |
| Feb 22, 1980 | Apr 7, 1980 | −41.5% | 45 days | Sep 10, 1980 | 7 mo |
| Sep 9, 1999 | Dec 7, 1999 | −37.5% | 3 mo | Mar 31, 2000 | 7 mo |
| Dec 3, 1980 | Feb 19, 1981 | −36.5% | 3 mo | Aug 11, 1981 | 8 mo |
| Aug 26, 1993 | Dec 9, 1993 | −35.4% | 3 mo | Jun 28, 1996 | 2.8 yrs |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1979: how far APA Corporation stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ#
- How far is APA Corporation from its all-time high?
- APA Corporation is currently 69.4% below its all-time high, set May 20, 2008 (as of market close, Sep 18, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest APA Corporation drawdown ever?
- The deepest decline on record in our data (since 1979) took APA Corporation 97.3% below its prior high, bottoming Apr 1, 2020. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from APA; no free deep history exists for APA Corporation — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.