The Tokyo Commodity Exchange Inc. and Nikkei Inc. will add 10 new leveraged and inverse indices based on the Soybean, Corn and the others. They will be published from September 20, 2016.
New indices:
Nikkei-TOCOM Leveraged Index | Nikkei-TOCOM Inverse Index |
Nikkei-TOCOM Leveraged Industrial Commodity Index | Nikkei-TOCOM Inverse Industrial Commodity Index |
Nikkei-TOCOM Leveraged Agricultural Product & Sugar Index | Nikkei-TOCOM Inverse Agricultural Product & Sugar Index |
Nikkei-TOCOM Leveraged Soybean Index | Nikkei-TOCOM Inverse Soybean Index |
Nikkei-TOCOM Leveraged Azuki Index | Nikkei-TOCOM Inverse Azuki Index |
Nikkei-TOCOM Leveraged Corn Index | Nikkei-TOCOM Inverse Corn Index |
The newly calculated indices have a common base value set at 10,000.00 points as of November 29, 2013 and will be calculated and published once a day from September 20, 2016 based on the daily settlement price.
Nikkei-TOCOM Leveraged Index represents the doubled performance of the underlying indices, and the Nikkei-TOCOM Inverse Index represents the inverse performance of the underlying indices.
For instance, if the Nikkei-TOCOM Commodity Index rises by 10% on a day, the Nikkei-TOCOM Leveraged Commodity Index rises by 20% and the Nikkei-TOCOM Inverse Commodity Index falls by 10% on that day, or vice versa in the opposite case.
Refer to the Index Guidebook for details.
Here’s an example of Leveraged & Inverse Index: