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        Assets Analysis

        1. Total Assets

        Your total assets are categorized by account type, i.e. AU account, US account, HK account, and fund account. The proportion of each account's assets is calculated by dividing the account's net assets by the total assets. If the net assets of an account fall below zero, its proportion may become negative or above 100%, but the total proportion remains 100%.

         

        2. Live Exchange Rates

        The live exchange rates as shown under Total Assets are used to convert your assets into a single currency in real time. You can check the forex market data for historical foreign exchanges.

         

        3. Reference Period

        The reference period refers to the time period for which your cumulative P/L and yield are calculated. You can choose from the last 1 month, last 3 months, year-to-date, last 2 years, or a custom period. The reference period begins on a date not earlier than the first day when you hold assets after you open an account and usually ends on the previous trading day since assets analysis for the current trading day will not be updated until 7:00 pm on the next trading day. Updates may be delayed in the event of holidays. We are working to improve this function to provide more timely analysis data.

         

        4. Cumulative P/L

        Cumulative P/L = Ending Assets – Opening Assets – Net Inflows

        It is the result of all changes in your account assets caused by buying and selling, transaction costs, dividends, exchange rate fluctuations, and other factors.

         

        5. Net Inflow

        Net Inflow = Inflow – Outflow = Deposit – Withdrawal + Stocks Transferred In – Stocks Transferred Out ± Other

        Deposit/Withdrawal: deposit/withdrawal of funds.

        Stock Transfers: calculated based on the closing price of the stock transferred in or out of your accounts on the transfer day. If you set a cost price for the transferred stock, the cost price will be used in the first place.

         

        6. Yield

        Moomoo AU offers three yield calculation methods. Here's a quick overview of each method, or you can click here for more details.

        6.1 Time-Weighted Return Method (TWR Method)

        Yield = [1 * (1 + Daily Yield for Day 1) * (1 + Daily Yield for Day 2) ... * (1 + Daily Yield for Day n) – 1] * 100%

        Where:

        Daily Yield for Day n = Daily Income for Day n / (Net Assets as of Day n–1 + 0.5 * Net Inflow for Day n)

        If you make frequent, large deposits and/or withdrawals, your cumulative P/L may have an opposite sign to your yield. For example:

        1) For Day T: Your total assets start at 100 and end at 150 with no net inflows. This results in a daily income of +50 and a daily yield of +50.00%.

        2) For Day T+1: Your total assets start at 150 and end at 1,050, with a net inflow of 1,000. This leads to a daily income of –100 and a daily yield of –15.38%.

        3) For Days T to T+1: your yield under the TWR method is [(1+50.00%) * (1 – 15.38%) – 1] * 100% = +26.93%, but your cumulative P/L is 50 – 100 = –50. In this case, your yield has no meaning, so please refer to your cumulative P/L or switch to the other two methods.

         

        6.2 Modified Dietz Method (Money-Weighted Return Method, MWR)

        Yield = Cumulative P/L / Adjusted Opening Assets

        Adjusted Opening Assets = Opening Assets + Sum of (Each Net Inflow * Weight)

        Weight = Time of a Net Inflow / Number of Days of the Period

        Suppose the reference period is 100 days, and a sum of money is transferred into your account on the 30th day. In this case, the weight of the net inflow is (100 – 30) / 100 = 0.7 or 70%, which means that 70% of the amount exists in your account during the reference period.

         

        6.3 Simple Dietz Method

        Yield = Cumulative P/L / (Opening Assets + 0.5 * Net Inflows)

        In this method, each net inflow is considered to come from the middle of the reference period, regardless of its actual timing in your account.

        7. P/L Trend

        P/L Trend shows your yield over time. The horizontal axis represents time, with the start and end dates on either side; the vertical axis reflects your yield. The trend on this chart matches that on the Assets Trend chart and is compared to those of major market indexes. It is important to note that it is not the annualized yield that is shown here, but the total yield earned from your opening assets until the end date. If you manually choose an end date, it will display the cumulative P/L for the selected period.

         

        8. Assets Trend

        The vertical axis represents your total assets, and the horizontal axis represents time, with the start and end dates on either side. The trend on this chart matches that on the P/L Trend chart and represents the total assets from all your accounts after settlement. The total assets are converted to a single currency at the current exchange rates. In the event of a non-trading day, your total assets will remain the same as that of the previous trading day.

         

        9. Daily Income

        Daily Income = Total Assets as of Day T – Total Assets as of Day (T–1) – Net Inflows for Day T

        Daily Income is the sum of the daily P/Ls of all your accounts for the same settlement day. You can check your daily income from Assets Trend. Cumulative P/L equals the sum of the daily incomes during the selected period, excluding the daily income for the start date.

         

        10.Current Exchange Rates

        The current exchange rates as shown under Assets Trend are the historical exchange rates used to convert daily net assets and net inflows.

        Opening Assets: converted at the exchange rate on the start date

        Net Inflow: converted at the exchange rate on the date when it occurs

        Ending Assets: converted at the exchange rate on the end date

        When calculating the cumulative P/L and daily income, all values are converted at the current exchange rates before using the formulas.

         

        FAQ

        1. Why has my asset analysis not been updated?

        Your asset analysis for the current trading day is usually updated at 7:00 pm on the next trading day. Updates may be delayed in the event of holidays. We are working to improve this function to provide more timely analysis data.

         

        2. Does my cumulative P/L reflect fees and dividends?

        Yes. The formula is Cumulative P/L = Ending Assets – Opening Assets – Net Inflows. It is the result of all changes in your assets except for deposits and withdrawals, so it reflects fees, interest, dividends, and changes in exchange rates.

         

        3. How to calculate the net inflow if I transfer a stock from another brokerage?

        It is calculated based on the closing price of the transferred stock on the transfer date. If you set a cost price for the transferred stock, the cost price will be used in the first place.

         

        4. Why does my yield have an opposite sign to my cumulative P/L?

        If you make frequent, large deposits and/or withdrawals, your cumulative P/L may have an opposite sign to your yield. It is usually the case when you use the Time-Weighted Return Method. For example:

        1) For Day T: Your total assets start at 100 and end at 150 with no net inflows. This results in a daily income of +50 and a daily yield of +50.00%.

        2) For Day T+1: Your total assets start at 150 and end at 1,050, with a net inflow of 1,000. This leads to a daily income of –100 and a daily yield of –15.38%.

        3) For Days T to T+1: Yield under the TWR Method = [(1+50.00%) * (1 – 15.38%) – 1] * 100% = +26.93%, but your cumulative P/L is 50 – 100 = –50.

        In this case, your yield has no meaning, so please refer to your cumulative P/L or switch to the other two methods. If you still get a yield with an opposite sign to your cumulative P/L by using either method, please contact customer service for further solutions.