China Gold Maximum Drawdown
| CGG Stock | | | CAD 24.11 -0.79 -3.17% |
The Maximum Drawdown indicator for China Gold International is derived from observed market data. Some instruments may report limited inputs depending on trading history. China Gold has a market cap of 9.56 B, operating margin of 50.46%, ROE of 20.92%. Portfolio-level context is available through
Trending Equities. The portfolio structure is presented for analytical context. The allocation includes a position in China Gold International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
China Gold International has current Maximum Drawdown of 24.6. 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) |
| = | 24.6 | |
| MAX | = | Maximum notation for the range of returns on China Gold |
Maximum Drawdown Peers Comparison
Maximum Drawdown Relative To Other Indicators
China Gold International lands at
#2 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 China Gold to Peers
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