Какво е ISIN на MAX Auto Industry -3x Inverse Leveraged ETN?

ISIN на MAX Auto Industry -3x Inverse Leveraged ETN е US0636794689.

What does leveraged daily exposure mean for MAX Auto Industry -3x Inverse Leveraged ETN?

MAX Auto Industry -3x Inverse Leveraged ETN aims to deliver 3 times the daily return of MAX (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 3X the underlying's cumulative return.

What is volatility decay and how does it affect MAX Auto Industry -3x Inverse Leveraged ETN?

Volatility decay (also called compounding drag) occurs because MAX Auto Industry -3x Inverse Leveraged ETN rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 3X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

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MAX Auto Industry -3x Inverse Leveraged ETN (CARD) Цена

MAX Auto Industry -3x Inverse Leveraged ETN Цена

— EUR

PRO

TER0,95 %

AUM2,01 млн. USD

IndexPrime Auto Industry Index - Benchmark TR Net

ВалутаUSD

Дата на стартиране на фонда27.06.2023 г.

MAX Auto Industry -3x Inverse Leveraged ETN Цена

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Основен

MAX

MAX3X Short Daily

MAX

MAX Auto Industry -3x Inverse Leveraged ETN осигурява 3X обратенежедневна експозиция на MAX.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 3X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 3X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.