4. What is maximum drawdown of this strategy? Numbers in table give daily % PNL (5 points) Day 1 2 3 4 5 6 7 % PNL for day 19.5% 1.0% -0.6% +0.1% -6% 1% -3% We use 'cumsum' rather than 'cumprod' methodology, and therefore just compare relative to high watermark on each day. Max dd occurs on day 7, and we are -8.5% from peak on that day (i.e. max DD is -8.5%)