Canoe EIT Maximum Drawdown
| EIT-UN Etf | | | CAD 16.43 -0.12 -0.73% |
The Maximum Drawdown indicator for Canoe EIT Income is derived from observed market data. The dataset is based on observed market activity where data is available. Canoe EIT has a market cap of 2.75 B, operating margin of 92.84%, current ratio of 0.96. See
Investing Opportunities for portfolio-level analysis. Including Canoe EIT Income in a portfolio enables allocation and risk analysis. All figures are based on reported data and are informational in nature. Broader economic conditions can influence Canoe EIT Income's etf valuation — related indicators include
signals in manufacturing.
Canoe EIT Income has current Maximum Drawdown of 3.65. 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) |
| = | 3.65 | |
| MAX | = | Maximum notation for the range of returns on Canoe EIT |
Maximum Drawdown Peers Comparison
Maximum Drawdown Relative To Other Indicators
Canoe EIT Income is rated
below average in maximum drawdown compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
1.00 of Maximum Drawdown per 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 Canoe EIT to Peers
Other Technical Indicators