| FPI Stock | | | THB 1.92 0.01 0.52% |
Fortune Parts technical analysis lookup allows you to check this and other technical indicators for Fortune Parts Industry or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also
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Fortune Parts Industry has current Maximum Drawdown of 9.62. 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) |
| = | 9.62 | |
| MAX | = | Maximum notation for the range of returns on Fortune Parts |
Fortune Parts Maximum Drawdown Peers Comparison
Fortune Maximum Drawdown Relative To Other Indicators
Fortune Parts Industry is rated
below average in maximum drawdown category among its peers. It is currently under evaluation in skewness category among its peers making up about
0.09 of Skewness per Maximum Drawdown. The ratio of Maximum Drawdown to Skewness for Fortune Parts Industry is roughly
11.31 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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