{"slug":"what-is-hedging","qid":"spy_2022_drawdown","label":"spy_2022_drawdown","post_title":"what-is-hedging","post_url":"/blog/lang/ta/what-is-hedging#q-spy_2022_drawdown","columns":["month","worst_close_vs_peak_pct","month_end_vs_peak_pct"],"rows":[{"month":"2022-01","worst_close_vs_peak_pct":-9.7,"month_end_vs_peak_pct":-5.8},{"month":"2022-02","worst_close_vs_peak_pct":-11.7,"month_end_vs_peak_pct":-8.6},{"month":"2022-03","worst_close_vs_peak_pct":-12.9,"month_end_vs_peak_pct":-5.5},{"month":"2022-04","worst_close_vs_peak_pct":-13.8,"month_end_vs_peak_pct":-13.8},{"month":"2022-05","worst_close_vs_peak_pct":-18.5,"month_end_vs_peak_pct":-13.6},{"month":"2022-06","worst_close_vs_peak_pct":-23.4,"month_end_vs_peak_pct":-21},{"month":"2022-07","worst_close_vs_peak_pct":-20.9,"month_end_vs_peak_pct":-13.8},{"month":"2022-08","worst_close_vs_peak_pct":-17.3,"month_end_vs_peak_pct":-17.3},{"month":"2022-09","worst_close_vs_peak_pct":-25.2,"month_end_vs_peak_pct":-25.2},{"month":"2022-10","worst_close_vs_peak_pct":-25.4,"month_end_vs_peak_pct":-19.2},{"month":"2022-11","worst_close_vs_peak_pct":-22.3,"month_end_vs_peak_pct":-14.7},{"month":"2022-12","worst_close_vs_peak_pct":-21.2,"month_end_vs_peak_pct":-19.9}],"shape":"series","sql":"WITH\n(\n    SELECT argMin(toFloat64(close), date)\n    FROM global_markets.stocks_daily_aggs\n    WHERE ticker = 'SPY'\n      AND date >= '2022-01-01'\n      AND date <  '2022-01-10'\n) AS peak_close\nSELECT\n    formatDateTime(toStartOfMonth(date), '%Y-%m')                     AS month,\n    round((min(toFloat64(close)) / peak_close - 1) * 100, 1)           AS worst_close_vs_peak_pct,\n    round((argMax(toFloat64(close), date) / peak_close - 1) * 100, 1)  AS month_end_vs_peak_pct\nFROM global_markets.stocks_daily_aggs\nWHERE ticker = 'SPY'\n  AND date >= '2022-01-01'\n  AND date <  '2023-01-01'\nGROUP BY month\nORDER BY month","computed_at":"2026-10-04T15:40:04.543746+00:00","elapsed":0.003188024}