PEAK-TO-VALLEY DRAWDOWN
A fund or money manager's largest cumulative percentage decline in net asset value. It is defined as the percentage decline from the fund's highest net asset value (peak) to the lowest net asset value (trough) after the peak. Funds that have been in existence for long periods of time may have a number of peak-to-valley drawdowns over various time periods.
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Game theory mechanism subject to a payoff matrix similar to a prisoner’s dilemma. Anchored on the concepts of retaliation and altruism, this ...
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A series of related products which are all made or manufactured by the same company.
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