Decoded Intelligence Signal
Calmar Ratio
advanced
risk
Verified: May 27, 2026Lexicon Core Definition
A risk-adjusted return metric calculated as annualized return divided by maximum drawdown; focuses on the worst realized loss rather than average volatility; particularly relevant for evaluating strategies with infrequent but severe drawdowns.
Analysis Breakdown
A risk-adjusted return metric calculated as annualized return divided by maximum drawdown; focuses on the worst realized loss rather than average volatility; particularly relevant for evaluating strategies with infrequent but severe drawdowns. Full explanation coming soon when Journey 25 content is ingested.