Overlay Shares Maximum Drawdown
| OVM Etf | | | USD 21.41 -0.18 -0.83% |
Historical market data for Overlay Shares Municipal forms the basis of the Maximum Drawdown indicator shown here. The calculation draws on time-series market data across available periods. Diversification context is available through
Your Equity Center. Diversification context is built from the relationships between portfolio holdings. Overlay Shares Municipal can be tracked within a custom portfolio for ongoing monitoring. Allocation tools help determine appropriate position sizing. Broader economic conditions can influence Overlay Shares Municipal's etf valuation — related indicators include
signals in persons.
Overlay Shares Municipal has current Maximum Drawdown of 1.62. 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) |
| = | 1.62 | |
| MAX | = | Maximum notation for the range of returns on Overlay Shares |
Maximum Drawdown Peers Comparison
Maximum Drawdown Relative To Other Indicators
Overlay Shares Municipal is rated
below average in maximum drawdown against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs 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.
Compare Overlay Shares to Peers
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