Fragbite Group Maximum Drawdown
| FRAG Stock | | | 7.62 -0.18 -2.31% |
Observed values used to calculate the Maximum Drawdown technical indicator for Fragbite Group AB. Coverage may vary across instruments due to feed availability.
Fragbite Group AB has current Maximum Drawdown of 55.16. 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) |
| = | 55.16 | |
| MAX | = | Maximum notation for the range of returns on Fragbite Group |
Maximum Drawdown Peers Comparison
Maximum Drawdown Relative To Other Indicators
Fragbite Group AB maintains a
third standing in maximum drawdown relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors yielding
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 Fragbite Group to Peers
Other Technical Indicators