FMP
Horizons Crude Oil ETF
HUC.TO
TSX
The fund tracks an index that measures the performance of the December WTI light sweet crude oil futures contract. The fund expects positive gains during the winter months by only investing in December contracts of each year, which is often the most liquid. As the oil market is typically in a state of contango, near-month contracts create constantly changing underlying investment, which can prevent accurate tracking. By investing only in December contracts, the fund eliminates the monthly futures contract roll which often creates negative roll yield.
22.85 CAD
-0.19 (-0.832%)
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)
