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Mirae Asset Horizons S&P 500 Daily (-1X) Inverse Product (*This is a synthetic product)

Tracking Difference / Tracking Error

Tracking Difference (Daily TD)

* Daily TD is the difference between the daily return of an Inverse Product and the daily opposite return of the underlying index.

Tracking Error (TE)

* Tracking error measures how consistently an Inverse Product delivers the opposite return of the underlying index. It is the volatility (measured by standard deviation) of that daily return difference.

Tracking Error

As of 30 Nov 2018

Rolling 1 Year TE[1]: 0.79%

Tracking Difference

As of 30 Nov 2018

Product Listing Date 11 Oct 2016
Estimated annual average daily TD: 0.00%
Actual average daily TD since listing (11 Oct 2016) : {{ actualtdavg }} %

Graphs for Tracking Differences

Graph (a) - Daily return of the Inverse Product and the daily opposite return of the underlying index

Graph (b) - Actual daily tracking difference
[1]
The Inverse Product aims to deliver the opposite of the daily return of the underlying index. For the purposes of calculating the Daily TD, the daily performance of the underlying index has been adjusted by the leverage factor of -1x.

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