Cogeco Communications Maximum Drawdown
| CCA Stock | | | CAD 73.57 -0.18 -0.24% |
This module presents the Maximum Drawdown indicator for Cogeco Communications using available market inputs. The underlying data comes from exchange-reported trading records. Coverage differences may occur across instruments and market segments. Cogeco Communications has a market cap of 3.1 B, operating margin of 25.7%, ROE of 8.87%. See
Trending Equities for additional portfolio context. The allocation summary reflects available position data. Portfolio metrics are derived from available position data. This includes a position in Cogeco Communications. The position sits inside the allocation mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Cogeco Communications has current Maximum Drawdown of 9.51. Maximum Drawdown (or MDD) is another indicator of risk. It is the reduction in asset value after a series of losing trades. This is normally calculated by getting the difference between a relative peaks in equity capital minus a relative trough.
Maximum Drawdown | = | MAX(HIGH - LOW) |
| = | 9.51 | |
| MAX | = | Maximum notation for the range of returns on Cogeco Communications |
Maximum Drawdown Peers Comparison
Maximum Drawdown Relative To Other Indicators
Cogeco Communications is rated
below average in maximum drawdown compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
1.00 in Maximum Drawdown for each unit of Maximum Drawdown.
The MDD is one of the most important risk measures. It measures the loss in any losing period and is usually defined as the percent retrenchment from an asset peak value to the valley value. Maximum drawdown encompasses both the period from the peak to the valley (length), and the time from the valley to a new high (recovery). It measures the largest percentage drawdown that has occurred in a given time period.
Compare Cogeco Communications to Peers
Other Technical Indicators