Risk tops when separation from the 365-day mean peaks — not when price peaks. The two are weeks or months apart.
Scroll or drag to move the time axis · hold shift for the value axis · drag either slider
risk-v1 · expanding-window normalisation · first 1000 days dropped · daily close, not real-time
Risk tops when separation from the 365-day mean peaks — not when price peaks. The two are weeks or months apart.
Every value plotted for a past date could have been computed on that date. Normalised series expand their window rather than scaling against the full history, so nothing here is drawn using information that did not exist yet — which is also why the early years of a normalised series are dropped rather than shown against a range of one.