Paramount Gold Maximum Drawdown
| PZG Stock | | | USD 1.44 -0.02 -1.37% |
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 Paramount Gold's current Maximum Drawdown with peer comparisons and related risk metrics.
Current Maximum Drawdown Value
At 27.31, Paramount Gold's Maximum Drawdown indicates a moderate peak-to-trough loss. This places Paramount Gold's drawdown exposure within the typical range for Precious Metals & Minerals.
Maximum Drawdown | = | MAX(HIGH - LOW) |
| = | 27.31 | |
| MAX | = | Maximum notation for the range of returns on Paramount Gold |
Maximum Drawdown Peers Comparison
Paramount Gold's Maximum Drawdown of 27.31 falls below the 36.15 peer average. Values range from 11.4 (Loop Industries) to 72.96 (Alto Ingredients), with wide dispersion across the group. Paramount Gold'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 Paramount Gold 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.
Paramount Gold records a Maximum Drawdown of
27.31 and a Maximum Drawdown of
27.31 , yielding roughly
1.00 units of Maximum Drawdown per Maximum Drawdown. The two measures are closely aligned in magnitude for Paramount Gold.
Methodology, Assumptions & Data Sources
Paramount Gold has a current Maximum Drawdown reading of 27.31. The Maximum Drawdown for Paramount Gold is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Paramount Gold operates in the basic materials 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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