Hovnanian Enterprises Maximum Drawdown
| HOV Stock | | | USD 117.13 -2.74 -2.29% |
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 Hovnanian Enterprises's current Maximum Drawdown with peer comparisons and related risk metrics.
Current Maximum Drawdown Value
Hovnanian Enterprises carries a Maximum Drawdown of 13.06, consistent with a moderate peak-to-trough loss. This places Hovnanian Enterprises's drawdown exposure within the typical range for Household Durables.
Maximum Drawdown | = | MAX(HIGH - LOW) |
| = | 13.06 | |
| MAX | = | Maximum notation for the range of returns on Hovnanian Enterprises |
Maximum Drawdown Peers Comparison
The peer group averages 18.17 for Maximum Drawdown, with Hovnanian Enterprises at 13.06 falling below that level. Readings span 8.54 (Ethan Allen Interiors) to 43.5 (Cango Inc). Hovnanian Enterprises'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 Hovnanian Enterprises 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.
Hovnanian Enterprises produces
1.00 in Maximum Drawdown for each unit of Maximum Drawdown, with respective readings of
13.06 and
13.06 . The two measures are closely aligned in magnitude for Hovnanian Enterprises.
Methodology, Assumptions & Data Sources
Hovnanian Enterprises' Maximum Drawdown currently stands at 13.06. This Maximum Drawdown reading for Hovnanian Enterprises results from applying the indicator's calculation rules to price and volume data over the selected window. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. Hovnanian Enterprises operates in the consumer discretionary sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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