Play the JPMorgan Chase chart challenge
JPMorgan Chase (JPM), Banking. This challenge is 200 sessions, from May 22, 2008 to March 9, 2009, plus 60 earlier sessions of context. You picked the company on this page. On the chart the name and the dates are hidden, and the price is rescaled so the close before session 1 equals 100.
Play this chartThe shape of this chart
JPMorgan from May 22, 2008 to March 9, 2009 saves the worst of the decline for the end. The window is −63.1%. The first half is −5.4%; the second half is −60.9%. The low and the −68.1% drawdown both print on the last session. The worst day is January 20, 2009 at −20.7%. Bear Stearns was already absorbed before May 22, 2008. The danger is still in the price.
What you trade
Buy and hold over these 200 sessions finishes at −63.1%, and the drop from a high inside the window reaches −68.1%. The low is session 200 (March 9, 2009). Beating that benchmark depends on how much of the decline you sit out or sell short, and on whether you get back in if the chart turns. The worst session is January 20, 2009, at −20.7%.
This page names JPMorgan Chase because this challenge is that company. The daily puzzle and a random practice game keep the company hidden. Inside this round the chart still hides the name and the dates until you finish.
Other chart challenges
A lesson that fits this chart
ATR (Average True Range) — How much the price moves per day