Second largest Drawdown

[csvirtual]

Hi,
I am looking for help on calculating the second (thrid, fourth...) largest drawdown. The maximum drawdown works.
First, I need to know if the second largest drawdown can be in the period of the maximum drawdown. Stock price example:

100
90
80
100
92

The max. DD is -20%. Is the second largest drawdown -10% or do I have to look outside the max. DD period? Then the second largest DD would be -8% ((100-92)/100).

Thanks in advance!!

 

[GG1972]

what comes after 92 ? -8% in this case draw a graph easy to see that way

 

[nazzdack]

Quote from csvirtual:
.....The max. DD is -20%. Is the second largest drawdown.......

It doesn't matter what the "second largest drawdown" is after your 20% drawdown because you'll receive redemption requests from all of your customers.