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HKEx listed, Stock Code: 07312 SAMSUNG HSI Daily (-1x) Inverse Product

Tracking Difference / Error

 

Daily 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 Difference (As of 2018/12/13)
Product listing Date: 2017/03/14
Tracking Error (As of 2018/12/13)
Product listing Date: 2017/03/14

Rolling 1-Year Actual Average Daily TD: -0.01%
Average Daily TD for calendar year 2017: -0.02%

Rolling 1-Year TE^: 4.25%


^TE is measured by the standard deviation of the Daily TD.
The standard deviation is calculated based on the Daily TD over the rolling one year period


Graph(A)-Daily return of the Inverse Product and the -1x daily performance of the underlying Index

Performance is calculated on NAV to NAV basis in HKD and assumes dividend reinvestment.




※ 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.


























Graph(B)-Actual daily tracking difference

 
※ L/I Product's performance is calculated on an NAV to NAV basis without any reinvestment of distributions