BMO Junior Maximum Drawdown
| ZJG Etf | | | CAD 266.32 0.56 0.21% |
Reference data associated with the Maximum Drawdown technical indicator for BMO Junior Gold. Technical inputs may vary across markets and data providers.
BMO Junior Gold has current Maximum Drawdown of 17.45. 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) |
| = | 17.45 | |
| MAX | = | Maximum notation for the range of returns on BMO Junior |
BMO Junior Maximum Drawdown Peers Comparison
BMO Maximum Drawdown Relative To Other Indicators
BMO Junior Gold takes the leading position 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.
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