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  3. /Max Drawdown
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Max Drawdown

The largest peak-to-trough decline in the value of a portfolio or asset.

Definition

The largest peak-to-trough decline in the value of a portfolio or asset. If Bitcoin went from $69,000 to $15,500, that's a max drawdown of about 77%. Drawdown is crucial for risk management because it tells you how much you could lose from the highest point before things recover.

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Related Terms

Risk Management

Strategies for limiting potential losses in your investments.

Volatility

How much an asset's price fluctuates over time.

Bear Market

A prolonged period where prices fall 20% or more from recent highs.

Accumulation Phase

A period when smart money quietly buys up an asset before a major price move.

Annualized Return

The average yearly return on an investment, calculated to account for compounding.

Arbitrage

Profiting from price differences of the same asset across different markets.

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