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Drawdown may refer to: Drawdown (economics), decline in the value of an investment, below its all-time high. Drawdown (hydrology), a lowering of a reservoir or a change in hydraulic head in an aquifer, typically due to pumping a well.
The maximum drawdown (MDD) up to time is the maximum of the Drawdown over the history of the variable. More formally, The following pseudocode computes the Drawdown (DD) and Max Drawdown (MDD) of the variable NAV, the Net Asset Value of an investment.