OPEN-SOURCE SCRIPT
Updated Moroccan OPCVM FCP Gold NAV Tracker (XAUUSD Based)
**Moroccan OPCVM FCP GOLD VL**
This indicator provides a real-time estimation of the theoretical Net Asset Value (NAV) of the Moroccan OPCVM FCP Gold fund based on the gold price (XAUUSD).
**Formula**
Theoretical NAV = XAUUSD × 0.5708
**Calibration**
The coefficient was calibrated using:
* Official fund Net Asset Value (NAV)
* Gold spot price (XAUUSD)
**Purpose**
* Track the fund's theoretical performance between official NAV publications.
* Compare FCP Gold performance against the underlying gold market.
* Estimate future NAV movements based on gold price fluctuations.
**Important**
The official NAV of the fund is calculated and published every Thursday.
This indicator provides an approximation based solely on the gold price and does not take into account:
* Management fees
* Tracking errors
* USD/MAD exchange rate fluctuations
* Other operational adjustments made by the fund manager
**Use Case**
A practical tool for monitoring and comparing the Moroccan FCP Gold fund with the international gold market, providing investors with an indicative real-time valuation between official NAV updates.
**Disclaimer**
This indicator is for informational and educational purposes only and should not be considered as an official NAV source or investment advice.
This indicator provides a real-time estimation of the theoretical Net Asset Value (NAV) of the Moroccan OPCVM FCP Gold fund based on the gold price (XAUUSD).
**Formula**
Theoretical NAV = XAUUSD × 0.5708
**Calibration**
The coefficient was calibrated using:
* Official fund Net Asset Value (NAV)
* Gold spot price (XAUUSD)
**Purpose**
* Track the fund's theoretical performance between official NAV publications.
* Compare FCP Gold performance against the underlying gold market.
* Estimate future NAV movements based on gold price fluctuations.
**Important**
The official NAV of the fund is calculated and published every Thursday.
This indicator provides an approximation based solely on the gold price and does not take into account:
* Management fees
* Tracking errors
* USD/MAD exchange rate fluctuations
* Other operational adjustments made by the fund manager
**Use Case**
A practical tool for monitoring and comparing the Moroccan FCP Gold fund with the international gold market, providing investors with an indicative real-time valuation between official NAV updates.
**Disclaimer**
This indicator is for informational and educational purposes only and should not be considered as an official NAV source or investment advice.
Release Notes
**Moroccan OPCVM FCP GOLD VL**This indicator provides a real-time estimation of the theoretical Net Asset Value (NAV) of the Moroccan OPCVM FCP Gold fund based on the gold price (XAUUSD).
**Formula**
Theoretical NAV = XAUUSD × 0.5708
**Calibration**
The coefficient was calibrated using:
* Official fund Net Asset Value (NAV)
* Gold spot price (XAUUSD)
**Purpose**
* Track the fund's theoretical performance between official NAV publications.
* Compare FCP Gold performance against the underlying gold market.
* Estimate future NAV movements based on gold price fluctuations.
**Important**
The official NAV of the fund is calculated and published every Thursday.
This indicator provides an approximation based solely on the gold price and does not take into account:
* Management fees
* Tracking errors
* USD/MAD exchange rate fluctuations
* Other operational adjustments made by the fund manager
**Use Case**
A practical tool for monitoring and comparing the Moroccan FCP Gold fund with the international gold market, providing investors with an indicative real-time valuation between official NAV updates.
**Disclaimer**
This indicator is for informational and educational purposes only and should not be considered as an official NAV source or investment advice.
Release Notes
**Moroccan OPCVM FCP GOLD VL**This indicator provides a real-time estimation of the theoretical Net Asset Value (NAV) of the Moroccan OPCVM FCP Gold fund based on the gold price (XAUUSD).
**Formula**
Theoretical NAV = XAUUSD × 0.5708
**Calibration**
The coefficient was calibrated using:
* Official fund Net Asset Value (NAV)
* Gold spot price (XAUUSD)
**Purpose**
* Track the fund's theoretical performance between official NAV publications.
* Compare FCP Gold performance against the underlying gold market.
* Estimate future NAV movements based on gold price fluctuations.
**Important**
The official NAV of the fund is calculated and published every Thursday.
This indicator provides an approximation based solely on the gold price and does not take into account:
* Management fees
* Tracking errors
* USD/MAD exchange rate fluctuations
* Other operational adjustments made by the fund manager
**Use Case**
A practical tool for monitoring and comparing the Moroccan FCP Gold fund with the international gold market, providing investors with an indicative real-time valuation between official NAV updates.
**Disclaimer**
This indicator is for informational and educational purposes only and should not be considered as an official NAV source or investment advice.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.