{
    "leverage": true,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": false,
    "type": "ETP",
    "complex_factors": [
        "3x daily leverage",
        "Short-term holding recommendation (1 day)",
        "High volatility risk",
        "Potential for significant losses",
        "Complex compounding effect"
    ],
    "classification": "complex",
    "supporting_data": "The product is classified as complex due to its 3x daily leverage, which magnifies both gains and losses. The recommended holding period of 1 day indicates a high degree of complexity and risk, as holding for longer periods can lead to significant deviations from the expected 3x return due to compounding effects. The product is not UCITS-compliant, and the risk indicator is at the highest level (7/7), further supporting the complex classification. The physical replication method does not mitigate the complexity introduced by the leverage and the short-term trading nature of the product.",
    "confidence": 95
}