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.
23.09 CAD
0.1 (0.433%)
EBIT (Operating profit)(Operating income)(Operating earning) = GROSS MARGIN (REVENUE - COGS) - OPERATING EXPENSES (R&D, RENT) EBIT = (1*) (2*) -> operating process (leverage -> interest -> EBT -> tax -> net Income) EBITDA = GROSS MARGIN (REVENUE - COGS) - OPERATING EXPENSES (R&D, RENT) + Depreciation + amortization EBITA = (1*) (2*) (3*) (4*) company's CURRENT operating profitability (i.e., how much profit it makes with its present assets and its operations on the products it produces and sells, as well as providing a proxy for cash flow) -> performance of a company (1*) discounting the effects of interest payments from different forms of financing (by ignoring interest payments), (2*) political jurisdictions (by ignoring tax), collections of assets (by ignoring depreciation of assets), and different takeover histories (by ignoring amortization often stemming from goodwill) (3*) collections of assets (by ignoring depreciation of assets) (4*) different takeover histories (by ignoring amortization often stemming from goodwill)
