Serabi Gold Maximum Drawdown
| SBI Stock | | | CAD 4.91 -0.22 -4.29% |
Reference data associated with the Maximum Drawdown technical indicator for Serabi Gold PLC. Some instruments may provide partial coverage depending on trading history.
Serabi Gold PLC has current Maximum Drawdown of 18.74. 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) |
| = | 18.74 | |
| MAX | = | Maximum notation for the range of returns on Serabi Gold |
Maximum Drawdown Peers Comparison
Maximum Drawdown Relative To Other Indicators
Serabi Gold PLC 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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