Drawdown and Volatility: Understand the Return Path
Explore peak-to-trough losses, recovery arithmetic, volatility conventions, and the risks a single number cannot capture.
Risk measurement / Topic archive
Risk measurement: a focused reading path.
Look beyond a final return to consider the path, the cost of recovery, and the limitations of historical measurement. These guides distinguish specific statistics from a comprehensive view of financial risk. Use the definitions to make assumptions and missing information visible in a review.
Read with a question in mind.
Begin by identifying the term or process you want to understand. For each guide, write down the definition, the assumptions in the example, and what evidence would be needed to use it in a different setting. Related articles at the end of each guide provide the next step without changing the subject midstream.
Use the analytics glossary for a concise definition and the methodology page for the sample-data conventions used across the website.