{
    "leverage": true,
    "derivatives": true,
    "swaps": false,
    "inverse": true,
    "replication_method": "physical",
    "ucits": false,
    "type": "ETP",
    "complex_factors": [
        "3x leverage",
        "inverse exposure",
        "daily rebalancing",
        "high volatility risk",
        "short-term holding recommendation"
    ],
    "classification": "complex",
    "supporting_data": "The product is classified as complex due to its 3x leverage, inverse exposure, and daily rebalancing mechanism, which can lead to significant compounding effects and magnified losses. The recommended holding period of 1 day and the high-risk profile (risk indicator 7/7) further indicate complexity. While the replication method is physical (direct ownership of Apple stock), the leveraged and inverse nature of the product makes it unsuitable for retail investors without sophisticated knowledge. The PRIIPs KID and factsheet confirm the high-risk nature and the need for daily monitoring, which are key indicators of complexity under MiFID II.",
    "confidence": 95
}