Next Technology Maximum Drawdown
| NXTT Stock | | | 2.38 0.03 1.24% |
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Next Technology Holding has current Maximum Drawdown of 699.08. 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) |
| = | 699.08 | |
| MAX | = | Maximum notation for the range of returns on Next Technology |
Next Technology Maximum Drawdown Peers Comparison
Next Maximum Drawdown Relative To Other Indicators
Next Technology Holding 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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