Overlay Shares Maximum Drawdown
| OVB Etf | | | USD 20.64 -0.12 -0.58% |
The Maximum Drawdown reading for Overlay Shares Core is computed from historical trading observations. Values reflect historical observations within the available dataset. Use
Your Equity Center to explore diversified allocation structure. Understanding allocation structure supports portfolio context. This reflects a position in Overlay Shares Core. It is distributed across the allocation. The allocation approach determines the relative weighting of each position. The information is presented without directional commentary. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in small area income & poverty estimates.
Overlay Shares Core has current Maximum Drawdown of 2.59. 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) |
| = | 2.59 | |
| MAX | = | Maximum notation for the range of returns on Overlay Shares |
Maximum Drawdown Peers Comparison
Maximum Drawdown Relative To Other Indicators
Overlay Shares Core is rated
below average in maximum drawdown compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs 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 Overlay Shares to Peers
Other Technical Indicators