{"slug":"can-you-lose-more-than-you-invest","qid":"overnight_gaps","label":"Deepest overnight gap down per name, 2015 to 2025 (split dates removed)","post_title":"Can You Lose More Than You Invest?","post_url":"/blog/can-you-lose-more-than-you-invest#q-overnight_gaps","columns":["ticker","occurred_on","worst_gap_down_pct"],"rows":[{"ticker":"META","occurred_on":"Oct 27, 2022","worst_gap_down_pct":24.5},{"ticker":"AMD","occurred_on":"Oct 25, 2018","worst_gap_down_pct":21.4},{"ticker":"NVDA","occurred_on":"Nov 16, 2018","worst_gap_down_pct":19.3},{"ticker":"AAPL","occurred_on":"Mar 16, 2020","worst_gap_down_pct":13},{"ticker":"KO","occurred_on":"Mar 16, 2020","worst_gap_down_pct":12.9},{"ticker":"SPY","occurred_on":"Mar 16, 2020","worst_gap_down_pct":10.4}],"shape":"ranking","sql":"SELECT\n    ticker,\n    formatDateTime(argMin(session_date, gap_pct), '%b %e, %Y') AS occurred_on,\n    round(abs(min(gap_pct)), 1)                                AS worst_gap_down_pct\nFROM\n(\n    SELECT\n        ticker,\n        date AS session_date,\n        100 * (toFloat64(open) / lagInFrame(toFloat64(close)) OVER (PARTITION BY ticker ORDER BY date) - 1) AS gap_pct\n    FROM global_markets.stocks_daily_aggs\n    WHERE ticker IN ('NVDA', 'META', 'AMD', 'AAPL', 'SPY', 'KO')\n      AND date >= '2015-01-02'\n      AND date <= '2025-09-30'\n)\nWHERE isFinite(gap_pct)\n  AND gap_pct < 0\n  AND (ticker, session_date) NOT IN (SELECT ticker, execution_date FROM global_markets.stocks_splits)\nGROUP BY ticker\nORDER BY worst_gap_down_pct DESC","computed_at":"2026-10-05T14:59:19.063817+00:00","elapsed":0.003390932}