FMP
Horizons Seasonal Rotation ETF
HAC.TO
TSX
The fund positions its asset allocation depending on market trends. The actively managed portfolio will consist of equities, fixed income, commodities and currencies during periods that have historically demonstrated favorable economic and seasonal market trends. The fund will consist of ETPs to gain exposure to major North American equity markets (Broad Markets) or to a specific commodity, currency, fixed-income or equity sector located around the globe. The Manager may take long positions, short position, or long/short positions in different securities that that are inversely or directly correlated (pair trade) to the Broad and Sector Markets. HAC may have a significant allocation to fixed-income, cash or cash equivalents in order to react to market conditions or preserve capital.
29.61 CAD
0.07 (0.236%)
DuPont Analysis
The DuPont analysis, pioneered by the DuPont Corporation, offers a structured approach to assessing fundamental performance. It involves breaking down the return on equity (ROE) into various components, aiding investors in comprehending the factors influencing a company's returns.
ROE = Net Income / Average Total Equity
ROE = (Net Income / Sales) * (Revenue / Average Total Assets) * (Average Total Assets / Average Total Equity)
The company's tax burden is (Net income ÷ Pretax profit). This is the proportion of the company's profits retained after paying income taxes. [NI/EBT] The company's interest burden is (Pretax income ÷ EBIT). This will be 1.00 for a firm with no debt or financial leverage. [EBT/EBIT] The company's operating income margin or return on sales (ROS) is (EBIT ÷ Revenue). This is the operating income per dollar of sales. [EBIT/Revenue] The company's asset turnover (ATO) is (Revenue ÷ Average Total Assets). The company's equity multiplier is (Average Total Assets ÷ Average Total Equity). This is a measure of financial leverage. Profitability (measured by profit margin) Asset efficiency (measured by asset turnover) Financial leverage (measured by equity multiplier)
