NGEx Minerals Maximum Drawdown
| NGEX Stock | | | 22.09 -0.26 -1.16% |
The Maximum Drawdown profile for NGEx Minerals is based on historical price and volume observations. Normalization methods and data feeds may affect reported values. NGEx Minerals has a market cap of 4.78 B, ROE of -38.87%. Review
Correlation Analysis for a broader allocation view. The allocation shows a weighting toward NGEx Minerals. The position is captured in the allocation summary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
NGEx Minerals has current Maximum Drawdown of 16.13. 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) |
| = | 16.13 | |
| MAX | = | Maximum notation for the range of returns on NGEx Minerals |
Maximum Drawdown Peers Comparison
Maximum Drawdown Relative To Other Indicators
NGEx Minerals is rated
below average in maximum drawdown compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
1.00 in Maximum Drawdown for each unit of 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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