@techreport{canli2026currentbookdrawdownmodel,
  author      = {Canli, Arhan},
  title       = {Current-composition maximum-drawdown model},
  institution = {Canli Capital},
  type        = {Open quantitative research report},
  year        = {2026},
  url         = {https://canlicapital.com/research/current-book-drawdown-model}
}