Definition of a Maximum Drawdown (Peak to Valley Drawdown)

Excerpts from "Building Wealth with Managed Futures"

Maximum Drawdown or Peak to Valley Drawdown "...reflects the greatest to date loss of a CTA (Commodity Trading Advisor) … page 59

"...Maximum Drawdown can be defined as the potential cost of higher return..." page 28

Detailed information on this and other statistical performance measurements used by the managed futures industry to evaluate CTA performance can be found in BuildingWealth with Managed Futures an easy to understand guide to investing in managed futures."      To Purchase