Volatility
How violently it swings
Annualized standard deviation of daily returns, in %. ~25% is calm, 40–60% is jumpy,
>70% is whiplash. Higher = a wilder ride for the same destination. It says nothing about
direction — only the size of the swings.
Max DD (maximum drawdown)
The worst fall you’d have endured
The largest peak-to-trough drop over the last year, in % (always negative). −30%
means that at some point it was down 30% from its high. This is the pain — and patience —
required to hold it, even if it ended the year up.
Momentum
Which way it’s trending now
A composite score from −100 to +100 blending the 50/200-day trend, RSI, and
3- and 6-month returns. Positive = strengthening (the crowd is accumulating); negative =
weakening. Burry distrusts high momentum; Wood buys it.