Standard Biotools Maximum Drawdown
| LAB Stock | | | USD 0.96 0.03 3.23% |
Reference data associated with the Maximum Drawdown technical indicator for Standard Biotools. Additional screening context is available through
Equity Screeners.
Standard Biotools has current Maximum Drawdown of 27.04. 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) |
| = | 27.04 | |
| MAX | = | Maximum notation for the range of returns on Standard Biotools |
Standard Biotools Maximum Drawdown Peers Comparison
Standard Maximum Drawdown Relative To Other Indicators
Standard Biotools ranks first in maximum drawdown among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors 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.
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