"Is now the opportunity or the risk?"
Seize the opportunity when others are fearful.
Market Meter is a service that finds quality stocks and ETFs in the US stock market that have dropped significantly from their 52-week highs in real-time.
We help investors grasp market trends at a glance and discover potential investment opportunities.
The core metric of Market Meter, Drawdown, is calculated using the following formula:
For example, if the 52-week high is $100 and the current price is $80, the Drawdown is -20%. This means the stock has dropped 20% from its peak.
Within each category, the largest drawdown is set to 100%, and other stocks are displayed proportionally in a progress bar. This facilitates relative comparison within categories.
Market Meter is based on the "Mean Reversion" theory. According to this theory, stock prices tend to revert to their average value over time. Therefore, quality stocks that have dropped significantly from their 52-week highs may offer potential rebound opportunities.
A large drawdown doesn't always mean a buying opportunity. The decline may be due to structural issues such as deteriorating fundamentals or industry changes, so additional analysis is required.
Q. Is this real-time data?
A. No, it's not real-time data. Data is updated daily at 6:20 AM (KST), which is right after the US market closes. Intraday price movements are not reflected.
Q. Does it include all US stocks?
A. No, not all stocks are included. Market Meter tracks only selected stocks: 10 representative large-cap stocks, 11 sector ETFs, and 16 themed ETFs.
Q. What should I do if I find a data error?
A. If you find a data error, please email antssa1@gmail.com. It may be a temporary error from the Yahoo Finance API and could be automatically corrected in the next update.
Q. Can I use this service for investment decisions?
A. Please use Market Meter as a reference only. Investment decisions should always be made based on your own judgment and additional analysis. This service is not investment advice.
This service is provided for informational purposes only and does not constitute investment advice or recommendations. Investment decisions should be made at your own judgment and responsibility. We are not liable for any investment losses.