Hi, I am looking for help on calculating the second (thrid, fourth...) largest drawdown. The maximum drawdown works. First, I need to know if the second largest drawdown can be in the period of the maximum drawdown. Stock price example: 100 90 80 100 92 The max. DD is -20%. Is the second largest drawdown -10% or do I have to look outside the max. DD period? Then the second largest DD would be -8% ((100-92)/100). Thanks in advance!!