VanEck Preferred Maximum Drawdown
| PFXF Etf | | | USD 17.85 0.08 0.45% |
Reference data associated with the Maximum Drawdown technical indicator for VanEck Preferred Securities. Indicator inputs depend on available historical price observations.
VanEck Preferred Securities has current Maximum Drawdown of 2.42. 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) |
| = | 2.42 | |
| MAX | = | Maximum notation for the range of returns on VanEck Preferred |
VanEck Preferred Maximum Drawdown Peers Comparison
VanEck Maximum Drawdown Relative To Other Indicators
VanEck Preferred Securities is rated
below average in maximum drawdown relative to comparable ETFs. It is currently under evaluation in maximum drawdown relative to comparable ETFs at roughly
1.00 Maximum Drawdown per 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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