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What is WDD or Worst drawdown as calculated by Barclays?

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What is WDD or Worst drawdown as calculated by Barclays?

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Drawdown = (1 – Valley VAMI / Peak VAMI) (X 100 for %) Example: Peak VAMI = 2000, Valley VAMI = 1500 Drawdown = 1 – 1500/2000 = .25 or 25%

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