Kumaran, Sunitha - In: Journal of finance and investment analysis 2 (2013) 2, pp. 89-106
several tools to measure downside volatility, including the lower partial moment and the maximum drawdown. The performance … of investors facing continuously falling stock prices, and the maximum drawdown only captures a single event. A different …. The more continuous and prolonged the drawdown, the higher the index and the more likely investing in it will cause ulcers …