Drawdown 

In technical analysis and finance, a drawdown refers to the decline in the value of an investment, portfolio, or trading account from its peak value to its lowest point before recovering. It is a measure of the maximum loss an investor or trader experiences during a specific period, typically expressed as a percentage. Drawdowns are used to assess the risk and volatility of an investment. They provide insights into the potential losses an investor might face when holding a position, and they are an important metric for evaluating the performance of trading strategies or investment portfolios. 

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