> ## Documentation Index
> Fetch the complete documentation index at: https://docs.activeviam.com/llms.txt
> Use this file to discover all available pages before exploring further.

# IMCC indicator

<Badge color="gray" size="lg">[ima](./measures/imadrc)</Badge>

|                 |                                                                                                                                             |
| --------------- | ------------------------------------------------------------------------------------------------------------------------------------------- |
| **Description** | Indicator is 1 when sliding window is equal to the max IMCC across all windows and 0 otherwise.                                             |
| **Variations**  | [euler](./euler), [incremental](./incremental)                                                                                              |
| **Reference**   | [\[MAR33.15\]](https://www.bis.org/basel_framework/chapter/MAR/33.htm?inforce=20230101\&published=20200327#paragraph_MAR_33_20230101_33_15) |
| **Notation**    | $IMCC$                                                                                                                                      |
| **Formula**     | $\displaystyle IMCC=\rho \left ( IMCC(C) \right )+(1-\rho) \left ( \sum_{i=1}^R IMCC(C_i) \right )$                                         |

The measure is based on the weighted average of the constrained and unconstrained expected shortfall charges -

[ES (Capital Constrained)](./es-capital-constrained-stress) and [ES (Capital Unconstrained)](./es-capital-unconstrained-stress).

When the **Sliding Window** hierarchy is not present, a vector of indicators is returned, which you can expand on [Sliding Window](./sliding-window).