Weekly Drawdown Report: June 27, 2026

EPAM Is Down 89% in 1,630 Days. What Our Drawdown Data Shows

EPAM Systems, Inc. (EPAM) is down 89% from its all-time high as of June 27, 2026, and has been falling for approximately 1,630 days. The Drawdown Severity Score™ stands at 19.0, placing it deep within the high-severity red zone. In our historical database of 803 tracked assets, only 5 assets have reached a Drawdown Severity Score™ of 18.9 or higher.

Market Drawdown Distribution Summary

Our data as of June 27, 2026, shows significant stress across the broader market. Out of 803 total tracked assets, 349 assets reside in the red zone, representing 43.5% of the database. The red zone consists of assets with a Drawdown Severity Score™ of 5.0 or higher, indicating severe and prolonged declines from historical peaks.

Meanwhile, 205 assets sit in the yellow zone, which accounts for 25.5% of our tracked universe. The yellow zone represents moderate drawdowns with severity scores between 2.0 and 5.0. These assets are experiencing notable pullbacks but have not yet crossed into critical territory.

The remaining 249 assets are in the green zone, making up 31.0% of the total. Green zone assets have severity scores below 2.0, representing either minor pullbacks or successful recoveries toward previous highs. The overall average Drawdown Severity Score™ across all 803 tracked assets stands at 5.4, placing the market average firmly within the red zone boundary.

Key Zone Changes and Market Shifts

Several notable assets crossed zone boundaries during the week ending June 27, 2026. These shifts highlight changing momentum and evolving risk profiles across different sectors.

In the consumer and dining sector, Yum! Brands, Inc. (YUM) successfully transitioned from the yellow zone to the green zone. Its severity score improved to 1.5, indicating a strong recovery toward its historical peak. Similarly, Public Storage (PSA) moved from the yellow zone to the green zone, finishing the week with a severity score of 1.9.

Other positive transitions include W. R. Berkley Corporation (WRB), which crossed from the yellow zone to the green zone with a severity score of 1.9. In the conglomerate space, Berkshire Hathaway Inc. (BRK-A) also registered a positive shift, moving from the yellow zone to the green zone with a severity score of 1.8. XA (XA) made the same transition, ending the week in the green zone with a severity score of 1.8.

We also observed positive movement from heavily depressed levels. PepsiCo, Inc. (PEP) climbed out of the red zone into the yellow zone, though it remains right on the border with a severity score of 5.0. Additionally, Willis Towers Watson Public Limited Company (WTW) exited the red zone to enter the yellow zone, ending the week with a severity score of 4.8.

However, several assets experienced worsening drawdowns. Powell Industries, Inc. (POWL) slipped from the green zone into the yellow zone, registering a severity score of 2.0. In the technology space, Nova Ltd. (NVMI) crossed from the green zone to the yellow zone with a severity score of 3.2.

Crucially, the Technology Select Sector SPDR Fund (XLK) also experienced a negative transition, moving from the green zone to the yellow zone. XLK closed the week with a severity score of 2.1, signaling expanding drawdown pressure across the broader technology sector.

The Most Extreme Drawdowns in the Market

A select group of assets continues to experience historically deep and prolonged drawdowns. These five positions represent the highest severity levels within our database as of June 27, 2026.

At the absolute peak of distress, Upstart Holdings, Inc. (UP) carries a Drawdown Severity Score™ of 22.1. The stock has plummeted 99.6% from its all-time high, and this punishing decline has now lasted for 1,803 days.

Following closely is Euroseas Ltd. (EU), which has been locked in a drawdown for an astonishing 5,604 days. EU is down 85.3% from its peak, resulting in a severity score of 20.4.

In the technology and manufacturing space, Nano Dimension Ltd. (NNDM) shows a severity score of 19.6. NNDM has fallen 98.4% from its peak over a span of 3,689 days.

EPAM, which we highlighted in our opening, ranks fourth with a Drawdown Severity Score™ of 19.0, down 88.8% over 1,626 days. Finally, American International Group, Inc. (AIG) rounds out the top five with a Drawdown Severity Score™ of 18.9. AIG has been in its drawdown for a massive 9,301 days, representing a 93.9% decline from its historic peak.

The table below details these extreme drawdowns, highlighting the vast differences in duration and peak-to-trough declines:

Stocks Approaching the Red Zone Boundary

A high number of prominent stocks are hovering as of June 27, 2026, just outside or exactly on the border of the high-severity red zone. These assets warrant close observation as they face critical structural thresholds.

Four assets have landed exactly on the red zone boundary line with a Drawdown Severity Score™ of 5.0. PEP is down 21.7% over 1,065 days, showing a slow and steady decline. In contrast, Xylem Inc. (XYL) has reached a Drawdown Severity Score™ of 5.0 in just 175 days with a drawdown of 23.6%.

Even more rapid is the decline of ON Semiconductor Corporation (ON). ON has plunged 32.3% in a mere 16 days, driving its Drawdown Severity Score™ straight to 5.0. Fabrinet (FN) is experiencing a similar high-velocity sell-off, dropping 29.7% in 29 days to reach a Drawdown Severity Score™ of 5.0.

Just below the boundary line, several major consumer and industrial names are showing elevated risk profiles. Crocs, Inc. (CROX) carries a Drawdown Severity Score™ of 4.9, down 29.2% over a long duration of 1,613 days. Telecom giant AT&T Inc. (T) also has a Drawdown Severity Score™ of 4.9, down 22.5% over 210 days.

Industrial supplier Barnes Group Inc. (B) sits at a Drawdown Severity Score™ of 4.9, down 29.6% over 103 days. Meanwhile, fast-food giant McDonald's Corporation (MCD) is close behind with a Drawdown Severity Score™ of 4.8, down 20.9% over 82 days.

The following grid provides a comparative look at three key assets that have reached this critical 5.0 severity threshold:

Historical Drawdowns and Valuation Context

Several assets are experiencing significant price drawdowns while simultaneously trading at valuation multiples that are exceptionally low relative to their own historical records. This contrast highlights how deep price corrections can compress valuation metrics far below historical norms.

The table below displays these assets, showing their current drawdown, severity score, current Price-to-Sales (P/S) ratio compared to their historical median, and their P/S percentile within their own historical trading range:

As of June 27, 2026, Cognizant Technology Solutions Corporation (CTSH) is down 55.2% with a P/S of 0.87, representing the absolute bottom of its historical range at a 0.0 percentile. Similarly, Genpact Limited (G) is down 48.0% with a P/S of 0.93 against a median of 2.1. The Trade Desk, Inc. (TTD) shows a massive 86.8% drawdown and a current P/S of 2.8 compared to its historical median of 18.8. Zscaler, Inc. (ZS) has fallen 64.1% with a P/S of 6.3 compared to its median of 20.8.

In the communications sector, Charter Communications, Inc. (CHTR) is down 83.7% with a P/S of 0.30, and Comcast Corporation (CMCSA) is down 57.4% with a P/S of 0.66. Software giant Salesforce, Inc. (CRM) is down 56.7% with a P/S of 3.0, well below its historical median of 8.1. Finally, EPAM shows a P/S of 0.75 compared to its median of 3.7, sitting at the 0.1 percentile.

percentiles compare each stock only with its own history and are not recommendations.

Mega-Cap Drawdown Check

While our spotlight focuses on specific high-severity assets, broader market health is heavily influenced by mega-cap companies and sector-level indicators. We can assess these dynamics by looking at major index-level proxies and diversified giants.

The Technology Select Sector SPDR Fund (XLK) crossed a significant threshold this week, shifting from the green zone to the yellow zone. XLK closed the week ending June 27, 2026, with a Drawdown Severity Score™ of 2.1, indicating that tech sector pullbacks are beginning to widen. This transition suggests that the broader technology landscape is experiencing increased selling pressure, even if individual mega-caps are not yet in extreme distress.

On the other hand, Berkshire Hathaway Inc. (BRK-A) demonstrated solid defense. The diversified conglomerate improved from the yellow zone to the green zone, finishing the week with a Drawdown Severity Score™ of 1.8. This divergence highlights a rotation of capital away from high-growth technology sectors and toward more defensive, value-oriented mega-cap structures.

What to Watch Next Week

As we look ahead, several assets sit on the edge of critical zone transitions. The coming week will be vital for determining whether these stocks can stabilize or if they will slip further into high-severity territory.

First, we will monitor the group of stocks sitting exactly at the 5.0 Drawdown Severity Score™ threshold. PepsiCo, Xylem, ON Semiconductor, and Fabrinet all sit on this line. For ON Semiconductor and Fabrinet, their extremely rapid rates of decline mean that even minor downward movements will solidify their positions in the red zone.

Second, we will watch the group of stocks sitting just below the red zone at a Drawdown Severity Score™ of 4.9, including Crocs, AT&T, and Barnes Group. If these assets experience further selling, they will cross the 5.0 line and join the 349 assets currently in the red zone.

Finally, we will track whether Willis Towers Watson can maintain its position in the yellow zone. Having recently improved to a Drawdown Severity Score™ of 4.8, any renewed weakness could quickly reverse its progress and push it back across the 5.0 boundary.