Bank Of Nova Stock Market Value

BNS Stock  USD 51.78  0.62  1.21%   
Bank of Nova Scotia's market value is the price at which a share of Bank of Nova Scotia trades on a public exchange. It measures the collective expectations of Bank Of Nova investors about its performance. Bank of Nova Scotia is selling for under 51.78 as of the 29th of March 2024; that is 1.21 percent increase since the beginning of the trading day. The stock's lowest day price was 51.09.
With this module, you can estimate the performance of a buy and hold strategy of Bank Of Nova and determine expected loss or profit from investing in Bank of Nova Scotia over a given investment horizon. Check out Bank of Nova Scotia Correlation, Bank of Nova Scotia Volatility and Bank of Nova Scotia Alpha and Beta module to complement your research on Bank of Nova Scotia.
Symbol

Bank of Nova Scotia Price To Book Ratio

Is Bank of Nova Scotia's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bank of Nova Scotia. If investors know Bank will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bank of Nova Scotia listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.246
Dividend Share
4.21
Earnings Share
4.5
Revenue Per Share
24.448
Quarterly Revenue Growth
0.02
The market value of Bank of Nova Scotia is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of Nova Scotia's value that differs from its market value or its book value, called intrinsic value, which is Bank of Nova Scotia's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bank of Nova Scotia's market value can be influenced by many factors that don't directly affect Bank of Nova Scotia's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bank of Nova Scotia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of Nova Scotia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of Nova Scotia's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Bank of Nova Scotia 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Bank of Nova Scotia's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Bank of Nova Scotia.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in Bank of Nova Scotia on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Bank Of Nova or generate 0.0% return on investment in Bank of Nova Scotia over 720 days. Bank of Nova Scotia is related to or competes with Disney, General Electric, McDonalds, International Business, HP, Boeing, and Verizon Communications. The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile... More

Bank of Nova Scotia Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Bank of Nova Scotia's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Bank Of Nova upside and downside potential and time the market with a certain degree of confidence.

Bank of Nova Scotia Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of Nova Scotia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of Nova Scotia's standard deviation. In reality, there are many statistical measures that can use Bank of Nova Scotia historical prices to predict the future Bank of Nova Scotia's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bank of Nova Scotia's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
50.7551.7852.81
Details
Intrinsic
Valuation
LowRealHigh
49.1650.1956.96
Details
Naive
Forecast
LowNextHigh
50.3051.3352.36
Details
15 Analysts
Consensus
LowTargetHigh
46.0550.6056.17
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bank of Nova Scotia. Your research has to be compared to or analyzed against Bank of Nova Scotia's peers to derive any actionable benefits. When done correctly, Bank of Nova Scotia's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Bank of Nova Scotia.

Bank of Nova Scotia Backtested Returns

We consider Bank of Nova Scotia very steady. Bank of Nova Scotia secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bank Of Nova, which you can use to evaluate the volatility of the firm. Please confirm Bank of Nova Scotia's Downside Deviation of 1.08, risk adjusted performance of 0.0889, and Mean Deviation of 0.7859 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Bank of Nova Scotia has a performance score of 11 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.12, which signifies a somewhat significant risk relative to the market. Bank of Nova Scotia returns are very sensitive to returns on the market. As the market goes up or down, Bank of Nova Scotia is expected to follow. Bank of Nova Scotia right now shows a risk of 1.03%. Please confirm Bank of Nova Scotia semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Bank of Nova Scotia will be following its price patterns.

Auto-correlation

    
  0.38  

Below average predictability

Bank Of Nova has below average predictability. Overlapping area represents the amount of predictability between Bank of Nova Scotia time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bank of Nova Scotia price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Bank of Nova Scotia price fluctuation can be explain by its past prices.
Correlation Coefficient0.38
Spearman Rank Test-0.08
Residual Average0.0
Price Variance5.42

Bank of Nova Scotia lagged returns against current returns

Autocorrelation, which is Bank of Nova Scotia stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Bank of Nova Scotia's stock expected returns. We can calculate the autocorrelation of Bank of Nova Scotia returns to help us make a trade decision. For example, suppose you find that Bank of Nova Scotia has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Bank of Nova Scotia regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Bank of Nova Scotia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of Nova Scotia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank of Nova Scotia stock over time.
   Current vs Lagged Prices   
       Timeline  

Bank of Nova Scotia Lagged Returns

When evaluating Bank of Nova Scotia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of Nova Scotia stock have on its future price. Bank of Nova Scotia autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Bank of Nova Scotia autocorrelation shows the relationship between Bank of Nova Scotia stock current value and its past values and can show if there is a momentum factor associated with investing in Bank Of Nova.
   Regressed Prices   
       Timeline  

Bank of Nova Scotia Investors Sentiment

The influence of Bank of Nova Scotia's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Bank. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Bank of Nova Scotia's public news can be used to forecast risks associated with an investment in Bank. The trend in average sentiment can be used to explain how an investor holding Bank can time the market purely based on public headlines and social activities around Bank Of Nova. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Bank of Nova Scotia's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Bank of Nova Scotia's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Bank of Nova Scotia's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Bank of Nova Scotia.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bank of Nova Scotia in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bank of Nova Scotia's short interest history, or implied volatility extrapolated from Bank of Nova Scotia options trading.

Pair Trading with Bank of Nova Scotia

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bank of Nova Scotia position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bank of Nova Scotia will appreciate offsetting losses from the drop in the long position's value.

Moving together with Bank Stock

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The ability to find closely correlated positions to Bank of Nova Scotia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of Nova Scotia when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank of Nova Scotia - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank Of Nova to buy it.
The correlation of Bank of Nova Scotia is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank of Nova Scotia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of Nova Scotia moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bank of Nova Scotia can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Bank of Nova Scotia is a strong investment it is important to analyze Bank of Nova Scotia's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bank of Nova Scotia's future performance. For an informed investment choice regarding Bank Stock, refer to the following important reports:
Check out Bank of Nova Scotia Correlation, Bank of Nova Scotia Volatility and Bank of Nova Scotia Alpha and Beta module to complement your research on Bank of Nova Scotia.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

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When running Bank of Nova Scotia's price analysis, check to measure Bank of Nova Scotia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of Nova Scotia is operating at the current time. Most of Bank of Nova Scotia's value examination focuses on studying past and present price action to predict the probability of Bank of Nova Scotia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Nova Scotia's price. Additionally, you may evaluate how the addition of Bank of Nova Scotia to your portfolios can decrease your overall portfolio volatility.
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Bank of Nova Scotia technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Bank of Nova Scotia technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Bank of Nova Scotia trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...