New York Maximum Drawdown
| MMSD Etf | | | 25.27 -0.12 -0.47% |
The Maximum Drawdown indicator for New York is constructed from normalized market data. Some instruments may report limited inputs depending on trading history.
Correlation Analysis provides a view into diversified allocation design. The information is presented without directional commentary. Including New York Life in a portfolio enables allocation and risk analysis. Rebalancing tools flag when weights drift from target allocations. Broader economic conditions can influence New York Life's etf valuation — related indicators include
signals in main economic indicators.
New York Life has current Maximum Drawdown of 0.7095. 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) |
| = | 0.7095 | |
| MAX | = | Maximum notation for the range of returns on New York |
Maximum Drawdown Peers Comparison
Maximum Drawdown Relative To Other Indicators
New York Life is rated
below average for maximum drawdown among peer ETFs. It is currently under evaluation for maximum drawdown among peer ETFs with a Maximum Drawdown-to-Maximum Drawdown ratio near
1.00 .
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 New York to Peers
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