Scatec ASA Maximum Drawdown
| STECF Stock | | | USD 12.60 0.00 0.00% |
Reference data associated with the Maximum Drawdown technical indicator for Scatec ASA. Coverage may vary across instruments due to feed availability.
Scatec ASA has current Maximum Drawdown of 34.04. 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) |
| = | 34.04 | |
| MAX | = | Maximum notation for the range of returns on Scatec ASA |
Scatec ASA Maximum Drawdown Peers Comparison
Scatec Maximum Drawdown Relative To Other Indicators
Scatec ASA ranks
third among pink sheets in maximum drawdown across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set 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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