| NIO Stock | | | SEK 5.00 0.05 0.99% |
Nordic Iron maximum-drawdown technical analysis lookup allows you to check this and other technical indicators for Nordic Iron Ore 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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Nordic Iron Ore has current Maximum Drawdown of 25.71. 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) |
| = | 25.71 | |
| MAX | = | Maximum notation for the range of returns on Nordic Iron |
Nordic Iron Maximum Drawdown Peers Comparison
Nordic Maximum Drawdown Relative To Other Indicators
Nordic Iron Ore is considered to be number one stock in maximum drawdown category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
1.00 of Maximum Drawdown per 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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