Shoe Carnival Maximum Drawdown
| SCVL Stock | | | USD 17.61 -0.59 -3.24% |
Observed values used to calculate the Maximum Drawdown technical indicator for Shoe Carnival. Indicator values reflect available price and volume data where applicable.
Shoe Carnival has current Maximum Drawdown of 12.41. 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) |
| = | 12.41 | |
| MAX | = | Maximum notation for the range of returns on Shoe Carnival |
Shoe Carnival Maximum Drawdown Peers Comparison
Shoe Maximum Drawdown Relative To Other Indicators
Shoe Carnival is rated
below average for maximum drawdown within its peer group. It is currently under evaluation for maximum drawdown within its peer group where Maximum Drawdown runs almost
1.00 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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