That ratio tells you how much faster you make or lose money under an asset price movement. That is, if you’re 11:1 leveraged, a 0.01% increase in asset price is

That ratio tells you how much faster you make or lose money under an asset price movement. That is, if you’re 11:1 leveraged, a 0.01% increase in asset price is a 0.11% increase in your net equity.