Residual return plus benchmark timing return. for a given asset with beta equal to one, if its residual return is 2%, and the benchmark portfolio exceeds its consensus expected returns by 1%, then the asset`s exceptional return is 3%.
The maximum limit of an individual transaction value that is a part of a cumulative transaction value, up to which a tax on the transaction value is not calculated. the exceptional threshold is applied to an individual transaction value that is a part of a cumulative transaction value that is within the cumulative threshold.
