Tencent Music Entertainment Group American Depositary Shares each representing two drawdown: 75.6% below the all-time high
Tencent Music Entertainment Group American Depositary Shares each representing two is 75.6% below its all-time high, set Mar 23, 2021 (as of market close, Oct 1, 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
- −75.6%
- 24.4% of ATH
- All-time high
- $31.79
- Mar 23, 2021
- Time below the high
- 5.5 yrs
- since Mar 23, 2021
- Worst-ever drawdown
- −90.2%
- Mar 14, 2022
- Longest underwater
- 5.5 yrs
- between all-time highs
- Today's level first reached
- Dec 12, 2018
- 7.8 yrs ago
- Last time this deep
- never before
- no prior −75.6% episode
% of all-time high since 2018#
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 |
|---|---|---|---|---|---|
| Mar 23, 2021 | Mar 14, 2022 | −90.2% | 12 mo | not yet | 5.5 yrs+ |
| Mar 18, 2019 | Mar 23, 2020 | −50.5% | 12 mo | Dec 30, 2020 | 1.8 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 2018: how far Tencent Music Entertainment Group American Depositary Shares each representing two 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 Tencent Music Entertainment Group American Depositary Shares each representing two from its all-time high?
- Tencent Music Entertainment Group American Depositary Shares each representing two is currently 75.6% below its all-time high, set Mar 23, 2021 (as of market close, Oct 1, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Tencent Music Entertainment Group American Depositary Shares each representing two drawdown ever?
- The deepest decline on record in our data (since 2018) took Tencent Music Entertainment Group American Depositary Shares each representing two 90.2% below its prior high, bottoming Mar 14, 2022. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from TME; no free deep history exists for Tencent Music Entertainment Group American Depositary Shares each representing two — 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.