GF
StockThe New Germany Fund, Inc.
One email when a drop — in price or in valuation — is historically rare for GF. Otherwise we stay quiet.
Rare — pay attention.
The New Germany Fund, Inc. is 29.3% off its high, 1826 days in — deeper than the vast majority of its 98 recorded drawdowns. This is the kind of decline the severity score exists to flag.
Strong
Current Drawdown
-29.3%
Days in Drawdown
1826
Avg Max Drawdown
6.2%
Avg Length
115
Drawdown Severity Score™
5.4
GF - Price & High Water Mark
GF - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
The New Germany Fund, Inc. (GF) Analysis: Current Drawdown Insights
The New Germany Fund, Inc. is currently in a drawdown that is unusual by its own historical standards. As of 2026-10-12, the stock is trading at $10.28, which represents a 29.3% decline from its all-time high of $14.55. This drawdown has persisted for 1826 days.
Based on its full tracked price history, The New Germany Fund, Inc. typically experiences drawdowns averaging 6.2% in depth, with an average duration of 115 days. The New Germany Fund, Inc. has gone through 98 total drawdown events in its tracked history. The largest drawdown on record for The New Germany Fund, Inc. was 79.4%, beginning in 2000. The longest drawdown duration on record was 2977 days.
The Drawdown Severity Score™ for The New Germany Fund, Inc. currently stands at 5.42. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 5.0 and 8.0 indicates a rare, significant drawdown: the asset seldom sees declines at this level in its tracked history.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing The New Germany Fund, Inc.'s historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.
📜 Historical Drawdown Events
Current drawdown shown in blue. Showing the most recent and the deepest of 98 tracked pullbacks (60 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2021-10-12 | Ongoing | 1826 days | -29.3% | $14.55 | $10.28 | n/a |
| 2021-09-07 | 2021-09-13 | 7 days | -0.4% | $14.52 | $14.46 | $14.55 |
| 2021-08-31 | 2021-09-01 | 2 days | -0.2% | $14.38 | $14.35 | $14.43 |
| 2021-08-16 | 2021-08-30 | 15 days | -1.5% | $14.31 | $14.10 | $14.38 |
| 2021-06-16 | 2021-08-11 | 57 days | -5.3% | $14.25 | $13.49 | $14.25 |
| 2021-06-09 | 2021-06-15 | 7 days | -0.7% | $14.25 | $14.14 | $14.25 |
| 2021-06-03 | 2021-06-08 | 6 days | -1.0% | $14.24 | $14.10 | $14.25 |
| 2021-04-29 | 2021-05-28 | 30 days | -5.1% | $14.00 | $13.29 | $14.11 |
| 2020-12-29 | 2021-04-26 | 118 days | -10.9% | $13.86 | $12.34 | $13.89 |
| 2020-12-24 | 2020-12-28 | 5 days | -0.1% | $13.75 | $13.74 | $13.86 |
| 2020-12-02 | 2020-12-03 | 2 days | -0.1% | $12.46 | $12.45 | $12.57 |
| 2020-11-25 | 2020-11-30 | 6 days | -0.1% | $12.22 | $12.21 | $12.23 |
| 2020-11-20 | 2020-11-23 | 4 days | -0.6% | $12.07 | $11.99 | $12.20 |
| 2020-11-18 | 2020-11-19 | 2 days | -0.1% | $11.89 | $11.89 | $12.07 |
| 2020-11-10 | 2020-11-17 | 8 days | -2.0% | $11.72 | $11.49 | $11.89 |
| 2020-10-13 | 2020-11-09 | 28 days | -9.9% | $11.54 | $10.40 | $11.72 |
| 2020-09-03 | 2020-10-12 | 40 days | -6.6% | $11.45 | $10.70 | $11.54 |
| 2020-08-13 | 2020-09-01 | 20 days | -2.3% | $11.36 | $11.10 | $11.37 |
| 2020-08-07 | 2020-08-10 | 4 days | -0.5% | $10.99 | $10.94 | $11.07 |
| 2020-07-09 | 2020-08-05 | 28 days | -4.3% | $10.84 | $10.37 | $10.84 |
| 2020-06-09 | 2020-07-02 | 24 days | -7.7% | $10.20 | $9.41 | $10.20 |
| 2020-01-23 | 2020-06-05 | 134 days | -40.8% | $10.15 | $6.01 | $10.17 |
| 2020-01-21 | 2020-01-22 | 2 days | -0.2% | $10.10 | $10.08 | $10.15 |
| 2020-01-03 | 2020-01-17 | 15 days | -1.6% | $10.08 | $9.92 | $10.10 |
| 2018-01-24 | 2020-01-02 | 709 days | -31.1% | $10.04 | $6.92 | $10.08 |
| 2018-01-10 | 2018-01-11 | 2 days | -0.3% | $9.65 | $9.62 | $9.69 |
| 2017-12-22 | 2017-12-28 | 7 days | -0.3% | $9.06 | $9.03 | $9.10 |
| 2017-12-20 | 2017-12-21 | 2 days | -0.2% | $9.01 | $8.99 | $9.06 |
| 2017-12-04 | 2017-12-18 | 15 days | -2.1% | $8.97 | $8.78 | $8.97 |
| 2017-11-02 | 2017-11-21 | 20 days | -2.6% | $8.69 | $8.46 | $8.74 |
| 2017-10-19 | 2017-11-01 | 14 days | -1.9% | $8.60 | $8.44 | $8.69 |
| 2017-10-16 | 2017-10-18 | 3 days | -0.3% | $8.53 | $8.50 | $8.60 |
| 2017-10-06 | 2017-10-12 | 7 days | -0.7% | $8.46 | $8.40 | $8.46 |
| 2017-10-02 | 2017-10-03 | 2 days | -0.3% | $8.43 | $8.40 | $8.45 |
| 2017-09-25 | 2017-09-29 | 5 days | -1.0% | $8.36 | $8.28 | $8.43 |
| 2017-09-12 | 2017-09-18 | 7 days | -1.1% | $8.22 | $8.13 | $8.25 |
| 2017-09-05 | 2017-09-06 | 2 days | -0.6% | $8.01 | $7.97 | $8.02 |
| 2017-08-07 | 2017-09-01 | 26 days | -4.0% | $7.99 | $7.67 | $8.01 |
| 2014-06-10 | 2017-08-04 | 1152 days | -34.2% | $7.98 | $5.25 | $7.99 |
| 2013-12-30 | 2014-06-09 | 161 days | -8.8% | $7.97 | $7.27 | $7.98 |
| 2013-12-02 | 2013-12-19 | 18 days | -2.7% | $7.45 | $7.25 | $7.45 |
| 2013-10-25 | 2013-11-29 | 36 days | -2.0% | $7.42 | $7.27 | $7.45 |
| 2013-10-23 | 2013-10-24 | 2 days | -0.4% | $7.39 | $7.36 | $7.42 |
| 2013-10-07 | 2013-10-10 | 4 days | -0.7% | $6.85 | $6.80 | $6.89 |
| 2013-09-19 | 2013-10-02 | 14 days | -2.0% | $6.76 | $6.62 | $6.79 |
| 2013-09-17 | 2013-09-18 | 2 days | -0.3% | $6.69 | $6.67 | $6.76 |
| 2013-08-27 | 2013-09-10 | 15 days | -4.3% | $6.49 | $6.21 | $6.49 |
| 2013-08-15 | 2013-08-23 | 9 days | -1.3% | $6.48 | $6.40 | $6.48 |
| 2013-08-12 | 2013-08-14 | 3 days | -0.3% | $6.40 | $6.39 | $6.48 |
| 2013-08-07 | 2013-08-08 | 2 days | -0.5% | $6.30 | $6.27 | $6.36 |
| 2013-06-19 | 2013-07-29 | 41 days | -7.8% | $6.00 | $5.53 | $6.00 |
| 2011-05-03 | 2013-02-19 | 659 days | -35.0% | $5.63 | $3.66 | $5.68 |
| 2007-07-16 | 2011-04-08 | 1363 days | -71.1% | $5.35 | $1.55 | $5.37 |
| 2007-02-27 | 2007-03-26 | 27 days | -10.5% | $4.52 | $4.04 | $4.52 |
| 2006-05-11 | 2007-01-03 | 238 days | -24.9% | $4.00 | $3.00 | $4.03 |
| 2006-04-07 | 2006-04-24 | 18 days | -5.1% | $3.72 | $3.53 | $3.79 |
| 2000-03-17 | 2006-03-17 | 2192 days | -79.4% | $3.44 | $0.71 | $3.46 |
| 1998-07-21 | 2000-02-08 | 568 days | -32.4% | $2.81 | $1.90 | $2.86 |
| 1998-06-08 | 1998-07-20 | 43 days | -10.5% | $2.80 | $2.50 | $2.81 |
| 1998-04-21 | 1998-05-04 | 14 days | -6.6% | $2.66 | $2.49 | $2.66 |
| 1990-01-30 | 1998-03-25 | 2977 days | -62.6% | $2.50 | $0.93 | $2.51 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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Or explore current drawdowns:
The New Germany Fund, Inc. (GF) is trading at $10.28 as of Oct 12, 2026. It is 29.3% below its high of $14.55. The drawdown has lasted 1,826 days. Severity score: 5.4 (Strong).
GF Price History and Drawdown Data
Latest price
$10.28
High-water mark
$14.55
Current drawdown
-29.3%
Days in drawdown
1,826
This GF page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior The New Germany Fund, Inc. drawdowns.
What History Says About GF
The New Germany Fund, Inc. has dropped 15%+ from its high 9 times in its tracked history. These events lasted an average of 1110 days with an average max drop of -45.7%.
The current drawdown of -29.3% has lasted 1,826 days, which is 1.6x the average duration of comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Mar 2000 to Mar 2006 | -79.4% | 2192 days |
| Jul 2007 to Apr 2011 | -71.1% | 1363 days |
| Jan 1990 to Mar 1998 | -62.6% | 2977 days |
| Jan 2020 to Jun 2020 | -40.8% | 134 days |
| May 2011 to Feb 2013 | -35.0% | 659 days |
| Jun 2014 to Aug 2017 | -34.2% | 1152 days |
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