Bank Of Nova Stock Technical Analysis

BNS Stock  USD 51.81  0.65  1.27%   
As of the 28th of March, Bank of Nova Scotia shows the Downside Deviation of 1.08, mean deviation of 0.7801, and Risk Adjusted Performance of 0.0856. Bank of Nova Scotia technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Bank Of Nova, which can be compared to its rivals. Please confirm Bank of Nova Scotia coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Bank of Nova Scotia is priced correctly, providing market reflects its regular price of 51.81 per share. Given that Bank of Nova Scotia has jensen alpha of (0), we suggest you to validate Bank Of Nova's prevailing market performance to make sure the company can sustain itself at a future point.

Bank of Nova Scotia Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Bank, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Bank
  
Bank of Nova Scotia's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Bank of Nova Scotia Analyst Consensus

Target PriceAdvice# of Analysts
50.6Hold15Odds
Bank Of Nova current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Bank analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Bank stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Bank of Nova Scotia, talking to its executives and customers, or listening to Bank conference calls.
Bank Analyst Advice Details
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...

Bank of Nova Scotia Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Bank of Nova Scotia volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Bank of Nova Scotia Trend Analysis

Use this graph to draw trend lines for Bank Of Nova. You can use it to identify possible trend reversals for Bank of Nova Scotia as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Bank of Nova Scotia price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Bank of Nova Scotia Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Bank Of Nova applied against its price change over selected period. The best fit line has a slop of   0.08  , which may imply that Bank Of Nova will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 225.22, which is the sum of squared deviations for the predicted Bank of Nova Scotia price change compared to its average price change.

About Bank of Nova Scotia Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Bank Of Nova on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Bank Of Nova based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Bank of Nova Scotia price pattern first instead of the macroeconomic environment surrounding Bank of Nova Scotia. By analyzing Bank of Nova Scotia's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Bank of Nova Scotia's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Bank of Nova Scotia specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 (projected)
Price To Sales Ratio2.542.111.9
Price Earnings Ratio7.969.068.15

Bank of Nova Scotia March 28, 2024 Technical Indicators

Most technical analysis of Bank help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Bank from various momentum indicators to cycle indicators. When you analyze Bank charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank Of Nova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Complementary Tools for Bank Stock analysis

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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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
4.49
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.