Millicom International Maximum Drawdown
| TIGO Stock | | | USD 80.43 -0.07 -0.09% |
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 Millicom International's current Maximum Drawdown with peer comparisons and related risk metrics.
Current Maximum Drawdown Value
Millicom International carries a Maximum Drawdown of 10.97, consistent with a moderate peak-to-trough loss. This places Millicom International's drawdown exposure within the typical range for Wireless Telecommunication Services.
Maximum Drawdown | = | MAX(HIGH - LOW) |
| = | 10.97 | |
| MAX | = | Maximum notation for the range of returns on Millicom International |
Maximum Drawdown Peers Comparison
The peer group averages 18.35 for Maximum Drawdown, with Millicom International at 10.97 falling below that level. Readings span 3.68 (Telephone and Data) to 47.62 (Cogent Communications Group). Millicom International'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 Millicom International 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.
Millicom International shows nearly
1.00 of Maximum Drawdown per unit of Maximum Drawdown (
10.97 versus
10.97 ). The two measures are closely aligned in magnitude for Millicom International.
Methodology, Assumptions & Data Sources
Millicom International's Maximum Drawdown currently stands at 10.97. Maximum Drawdown for Millicom International is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Millicom International operates in the communication services sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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