AltaGas Maximum Drawdown
| ALA Stock | | | CAD 51.51 0.74 1.46% |
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. Below is AltaGas's current Maximum Drawdown with peer comparisons and related risk metrics.
Current Maximum Drawdown Value
At 6.68, AltaGas's Maximum Drawdown indicates a contained peak-to-trough loss. AltaGas's maximum drawdown has remained under 10%, indicating limited downside exposure.
Maximum Drawdown | = | MAX(HIGH - LOW) |
| = | 6.68 | |
| MAX | = | Maximum notation for the range of returns on AltaGas |
Maximum Drawdown Peers Comparison
Relative to peers, AltaGas's Maximum Drawdown is below the group average of 8.64. Peer readings range from 2.07 (Brookfield Infrastructure Partners) to 17.48 (Brookfield Renewable Corp), reflecting wide dispersion across the sector. AltaGas's shallower drawdown relative to peers indicates more contained historical downside.
Maximum Drawdown Relative To Other Indicators
The chart below plots Maximum Drawdown against Maximum Drawdown for AltaGas and its peers. Each point represents one equity — position along the horizontal axis shows Maximum Drawdown while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
AltaGas shows nearly
1.00 of Maximum Drawdown per unit of Maximum Drawdown (
6.68 versus
6.68 ). The two measures are closely aligned in magnitude for AltaGas.
Methodology, Assumptions & Data Sources
AltaGas has a current Maximum Drawdown reading of 6.68. The Maximum Drawdown for AltaGas applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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