---
title: "Pitfall Indicator"
method: POST
path: "/portfolios/analysis/drawdowns/pitfall-indicator"
tags: ["Portfolio Analysis / Drawdowns"]
---

# Pitfall Indicator

`POST /portfolios/analysis/drawdowns/pitfall-indicator`

Compute the Pitfall Indicator of a portfolio.

References
* [KeyQuant, An Alternative Portfolio Theory](https://www.keyquant.com/Download/GetFile?Filename=%5CPublications%5CKeyQuant_WhitePaper_APT_Part2.pdf)

## Request body

- object
  - `confidenceLevel` number — The confidence level
  - `portfolios` object[], required
    - `portfolioReturns` number[] — portfolioReturns[t] is the arithmetic return of the portfolio at the time t; exclusive with portfolioValues
    - `portfolioValues` number[] — portfolioValues[t] is the value of the portfolio at the time t; exclusive with portfolioReturns

## Response `200`

OK

- object
  - `portfolios` object[], required
    - `portfolioConditionalDrawdown` number, required — The empirical conditional drawdown of the portfolio, in (portfolio value) percentage

---

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