Keysight Technologies Is Down 17%. What History Says

Keysight Technologies Is Down 17% in 6 Days. What History Says

Keysight Technologies, Inc. (KEYS) is down 17% from its all-time high as of July 7, 2026, and has been falling for approximately 6 days. The Drawdown Severity Score™ stands at 3.6, placing the stock in the yellow zone after transitioning from the green zone. In 5 comparable prior drops of this depth, the stock took an average of 541 days to recover.

Understanding Keysight's Move to the Yellow Zone

The transition of Keysight Technologies, Inc. from the green zone to the yellow zone represents a shift in the asset's risk profile. As of July 7, 2026, our data shows that the current drawdown has reached -17.0%, with the stock closing at $309.78. This is a decline from its all-time high of $373.34. The current Drawdown Severity Score™ of 3.6 indicates that the stock is experiencing elevated drawdown conditions that deviate from its typical historical behavior.

Historically, Keysight Technologies, Inc. has spent the majority of its trading history in the green zone, where minor pullbacks are quickly absorbed by the market. A move into the yellow zone, however, indicates that the current decline has surpassed standard volatility thresholds. The speed of this transition is particularly notable, as the asset has reached this level in just 6 days of drawdown activity.

To understand the significance of this shift, we can compare the current metrics against the historical averages of all drawdown events recorded for the stock.

Our data shows that the current decline of -17.0% is nearly four times more severe than the average historical drawdown of -4.5%. This stark contrast highlights why the Drawdown Severity Score™ has adjusted to 3.6, signaling to investors that the current price action is outside the bounds of a routine correction.

Analyzing the Speed and Depth of the Current Decline

Velocity is a critical component of drawdown analysis. When an asset experiences a rapid decline over a short period, it often indicates a concentrated period of selling pressure. For Keysight Technologies, Inc., the current drawdown has developed over a span of just 6 days.

When we look at the historical data, the average duration for all 83 recorded drawdown events is 46 days. Typically, a minor pullback of -4.5% takes several weeks to fully develop and recover. In contrast, the current move has sliced through major support levels to reach a -17.0% drawdown in under a week. This rapid descent suggests that the current selling phase is highly concentrated.

In historical terms, a rapid descent to -17.0% within 6 days is a rare occurrence for this asset. It represents an accelerated rate of decline that quickly exhausts short-term support mechanisms. By reaching this depth so rapidly, the stock has bypassed the gradual progression that characterized many of its past 83 drawdown events. This velocity is a key factor in the elevation of the severity score to 3.6.

Historical Drawdown Analysis: How Prior Drops Played Out

To understand what might happen next, we must look at the historical precedents. Our database has tracked a total of 83 drawdown events for Keysight Technologies, Inc. since its trading history began. The vast majority of these pullbacks were minor, with an average maximum drawdown of -4.5%.

However, the current drop has crossed the -15% threshold, which is a level the stock has reached only 5 times in its entire history. This means that only 6.02% of all historical drawdowns have ever reached or exceeded the severity of the current decline.

When Keysight Technologies, Inc. enters this deep territory, the historical recovery timeline extends significantly. While the average duration for all 83 drawdowns is a relatively brief 46 days, the average duration for the 5 comparable drops of 15% or more is 541 days. This represents a prolonged period of recovery before the stock is able to reclaim its previous all-time high.

The historical data suggests that once the stock breaches the 15% threshold, it enters a different regime. The recovery process is no longer a matter of weeks, but typically extends over a year. The 541-day average recovery duration for these severe drops highlights the potential for a prolonged consolidation or recovery phase.

Valuation Context and Historical Multiples

As of 2026-07-06, our data shows a contrast between the stock's price drawdown and its historical valuation multiples. The Price-to-Sales ratio (P/S) for Keysight Technologies, Inc. stands at 8.9, which sits in the 98th percentile of its own daily P/S record since 2014-10-20, compared to a historical median of 4.5. Similarly, the EV-to-EBITDA ratio (EV/EBITDA) is 41.7, placing it in the 90th percentile of its own daily EV/EBITDA record since 2014-10-20, versus a historical median of 19.4. This indicates that despite the 17.0% price decline from its peak, the asset's valuation multiples remain historically high relative to its own long-term historical trading ranges.

Methodology and Data Limits

Our analysis relies strictly on historical price and drawdown data. We do not incorporate external market narratives, news events, earnings reports, or broader macroeconomic indicators into this evaluation. By focusing exclusively on the mathematical history of the asset's price movements, we provide objective metrics regarding drawdown depth, duration, and historical recovery patterns. This structured approach allows investors to observe how the current price behavior aligns with historical precedents without the influence of subjective interpretations or external market noise.

Because this methodology is entirely quantitative, it does not attempt to predict future market movements or provide investment recommendations. Instead, it serves as a framework for understanding risk by comparing current price behavior to the asset's own historical distribution of drawdowns.

Key Technical Thresholds and What to Watch

As Keysight Technologies, Inc. remains in the yellow zone with a Drawdown Severity Score™ of 3.6, there are several key data points and thresholds that will dictate whether the risk profile intensifies or begins to stabilize.

First, watch the drawdown depth thresholds. The current drawdown of -17.0% is established. If the price continues to decline, a breach of deeper historical support zones would increase the severity score. If the drawdown deepens toward past historical extremes, the stock could transition from the yellow zone into the red zone, which represents the most severe historical drawdown brackets.

Second, monitor the duration markers. The current drawdown has lasted only 6 days. As time progresses, we will monitor whether this duration begins to trend toward the historical average of 46 days for all drawdowns, or if it extends toward the 541-day average seen in comparable drops of 15% or more. A rapid stabilization within the next few weeks would deviate from the typical 541-day recovery timeline observed in the 5 prior comparable events.

Finally, track the Drawdown Severity Score™ itself. Any movement in the score will provide an immediate indication of whether the selling pressure is consolidating or accelerating. A decreasing score would signal that the stock is beginning to recover ground toward its previous all-time high of $373.34, while an increasing score would reflect a deepening correction.