Oppenheimer Senior Maximum Drawdown
| OOSIX Fund | | | USD 6.27 -0.01 -0.16% |
Historical market data for Oppenheimer Senior Floating forms the basis of the Maximum Drawdown indicator shown here. The calculation draws on time-series market data across available periods. Coverage may vary depending on data availability and normalization methods. Related indicator context is organized within
Equity Screeners.
Your Equity Center provides a view into diversified allocation design. Such insight adds context to allocation decisions within a diversified portfolio. The allocation shows a weighting toward Oppenheimer Senior Floating. The weighting is visible within the allocation breakdown. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Oppenheimer Senior Floating has current Maximum Drawdown of 0.9549. 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) |
| = | 0.9549 | |
| MAX | = | Maximum notation for the range of returns on Oppenheimer Senior |
Maximum Drawdown Peers Comparison
Maximum Drawdown Relative To Other Indicators
Oppenheimer Senior Floating is rated
third 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.
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