OPPENHEIMER STEELPATH Maximum Drawdown
| MLPLX Fund | | | USD 7.12 -0.04 -0.56% |
This dataset for Oppenheimer Steelpath Mlp reflects inputs used in the Maximum Drawdown calculation. This dataset is part of a broader indicator framework including
Equity Screeners.
Correlation Analysis provides context for diversified portfolio construction. The information is presented without directional commentary. Tracking Oppenheimer Steelpath Mlp in a portfolio helps measure its contribution to overall performance. Portfolio views show how individual holdings contribute to aggregate returns. Broader economic conditions can influence Oppenheimer Steelpath Mlp's mutual fund valuation — related indicators include
signals in board of governors.
Oppenheimer Steelpath Mlp has current Maximum Drawdown of 4.0. 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) |
| = | 4.0 | |
| MAX | = | Maximum notation for the range of returns on OPPENHEIMER STEELPATH |
Maximum Drawdown Peers Comparison
Maximum Drawdown Relative To Other Indicators
Oppenheimer Steelpath Mlp is rated
below average in maximum drawdown among similar funds. It is currently under evaluation in maximum drawdown among similar funds 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 OPPENHEIMER STEELPATH to Peers
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