Evolve Innovation Maximum Drawdown
| EDGE Etf | | | CAD 40.04 -0.62 -1.52% |
Technical inputs supporting the Maximum Drawdown indicator for Evolve Innovation Index are shown here. The information is based on observed market data across timeframes. Coverage differences may occur across instruments and market segments. Cross-instrument Maximum Drawdown comparisons are available via
Equity Screeners. For portfolio construction context, review
Investing Opportunities. Clearer exposure analysis supports long-term portfolio balance. Allocation decisions are shaped by the composition and weighting of holdings. This reflects a position in Evolve Innovation Index. This is situated within the portfolio mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Evolve Innovation Index has current Maximum Drawdown of 6.05. 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) |
| = | 6.05 | |
| MAX | = | Maximum notation for the range of returns on Evolve Innovation |
Maximum Drawdown Peers Comparison
Maximum Drawdown Relative To Other Indicators
Evolve Innovation Index lands at
#5 in maximum drawdown against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs 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 Evolve Innovation to Peers
Other Technical Indicators