| BITE Etf | | | USD 8.65 0.31 3.72% |
Bite Acquisition maximum-drawdown technical analysis lookup allows you to check this and other technical indicators for Bite Acquisition Corp 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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Bite Acquisition Corp has current Maximum Drawdown of 26.0. 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) |
| = | 26.0 | |
| MAX | = | Maximum notation for the range of returns on Bite Acquisition |
Bite Acquisition Maximum Drawdown Peers Comparison
Bite Maximum Drawdown Relative To Other Indicators
Bite Acquisition Corp is the top ETF in maximum drawdown as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs 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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