Fig. 3From: A statistical learning approach for stock selection in the Chinese stock marketMaximum Drawdown Percentage of each Portfolio. This plots displays the maximum drawdowns of each strategy from its previous high-watermark by different strategies (EMN-ENET, Long-ENET, LongA-ENET, EMN-OLS, Long-OLS, and LongA-OLS). The maximum drawdowns of Shanghai Composite Index over the same time period is also included (red solid line) as a referenceBack to article page