Quant Interview Practice Questions

Maximum Drawdown (MDD) measures the largest percentage decline in an asset's value from a historical peak before a new peak is achieved. This metric is fundamental in quantitative risk management for evaluating the worst-case historical loss of a trading strategy or portfolio. Task Implement the calculate_max_drawdown function to determine the maximum drawdown of a price series. The function accepts a list of floats prices representing asset prices ordered by time and returns the maximum percen