NO.PZ201909300100000205
问题如下:
5 The maximum drawdown and drawdown duration in Exhibit 1 indicate that:
选项:
A.the portfolio recovered quickly from its maximum loss.
over the 10-year period, the average maximum loss was –24.00%.
a significant loss once persisted for four months before the portfolio began to recover.
解释:
A is correct.
Maximum drawdown is the cumulative peak-to-trough loss during a continuous period. Drawdown duration is the total time from the start of the drawdown until the cumulative drawdown recovers to zero, which can be segmented into the drawdown phase (start to trough) and the recovery phase (trough to zero cumulative return). The maximum drawdown was –24.00%, with a drawdown period of four months. Given the 10-year time frame, the portfolio recovered quickly from its maximum loss.
没太懂,为什么不能选C,另外其他错误选项是否也可以解释下呢