Bank Free Cash Flow Yield vs Price To Sales Ratio Analysis

BNS Stock

CAD 78.50 0.21 0.27%

Bank of Nova Scotia financial indicator trend analysis is way more than just evaluating Bank of Nova Scotia prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Nova Scotia is a good investment. Please check the relationship between Bank of Nova Scotia Free Cash Flow Yield and its Price To Sales Ratio accounts. 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

Free Cash Flow Yield vs Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bank of Nova Scotia Free Cash Flow Yield account and Price To Sales Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Bank of Nova Scotia's Free Cash Flow Yield and Price To Sales Ratio is -0.53. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Bank of Nova, assuming nothing else is changed. The correlation between historical values of Bank of Nova Scotia's Free Cash Flow Yield and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Bank of Nova are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Free Cash Flow Yield i.e., Bank of Nova Scotia's Free Cash Flow Yield and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

-0.53

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Bank of Nova Scotia stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Bank of Nova Scotia sales, a figure that is much harder to manipulate than other Bank of Nova multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Most indicators from Bank of Nova Scotia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Nova Scotia current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Bank of Nova Scotia's Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Issuance Of Capital Stock is likely to grow to about 1.9 B, while Tax Provision is likely to drop about 2.5 B.

	2021	2022	2023	2024 (projected)
Interest Expense	15.4B	38.5B	44.3B	46.5B
Depreciation And Amortization	1.5B	1.8B	2.1B	2.2B

Interest Expense Depreciation And Amortization

Bank of Nova Scotia fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Assets	Common Stock Total Equity	Common Stock	Good Will
Total Assets		0.87	-0.74	0.83	0.98	0.88	0.77	0.99	0.93	0.87	0.98	0.31	1.0	0.95	0.94	0.71	0.8	-0.43	1.0	0.84	0.71	0.82	0.71	0.81	0.82	0.8
Short Long Term Debt Total	0.87		-0.63	0.74	0.79	0.89	0.97	0.86	0.87	0.76	0.81	0.6	0.88	0.82	0.96	0.36	0.83	-0.61	0.87	0.96	0.55	0.63	0.85	0.52	0.57	0.58
Other Current Liab	-0.74	-0.63		-0.97	-0.77	-0.54	-0.54	-0.77	-0.66	-0.53	-0.7	-0.26	-0.75	-0.69	-0.65	-0.53	-0.75	-0.04	-0.74	-0.56	-0.66	-0.77	-0.57	-0.65	-0.67	-0.7
Total Current Liabilities	0.83	0.74	-0.97		0.84	0.64	0.65	0.85	0.79	0.64	0.78	0.34	0.84	0.79	0.77	0.56	0.84	-0.06	0.83	0.66	0.6	0.81	0.68	0.64	0.66	0.69
Total Stockholder Equity	0.98	0.79	-0.77	0.84		0.82	0.66	0.99	0.88	0.84	0.98	0.19	0.98	0.94	0.87	0.78	0.76	-0.3	0.98	0.76	0.74	0.83	0.62	0.87	0.87	0.86
Property Plant And Equipment Net	0.88	0.89	-0.54	0.64	0.82		0.83	0.88	0.8	0.83	0.88	0.44	0.87	0.86	0.92	0.44	0.71	-0.62	0.88	0.95	0.63	0.53	0.75	0.59	0.62	0.62
Net Debt	0.77	0.97	-0.54	0.65	0.66	0.83		0.75	0.82	0.68	0.68	0.76	0.78	0.72	0.9	0.23	0.83	-0.68	0.77	0.95	0.45	0.57	0.92	0.37	0.43	0.4
Retained Earnings	0.99	0.86	-0.77	0.85	0.99	0.88	0.75		0.9	0.84	0.98	0.29	0.99	0.94	0.92	0.7	0.79	-0.37	0.99	0.84	0.73	0.8	0.71	0.82	0.83	0.83
Accounts Payable	0.93	0.87	-0.66	0.79	0.88	0.8	0.82	0.9		0.8	0.85	0.44	0.94	0.89	0.93	0.57	0.84	-0.38	0.93	0.8	0.55	0.83	0.79	0.62	0.66	0.66
Cash	0.87	0.76	-0.53	0.64	0.84	0.83	0.68	0.84	0.8		0.84	0.28	0.86	0.95	0.82	0.64	0.78	-0.57	0.87	0.78	0.68	0.61	0.61	0.7	0.69	0.6
Non Current Assets Total	0.98	0.81	-0.7	0.78	0.98	0.88	0.68	0.98	0.85	0.84		0.21	0.97	0.92	0.89	0.74	0.7	-0.4	0.98	0.8	0.72	0.75	0.62	0.85	0.85	0.84
Non Currrent Assets Other	0.31	0.6	-0.26	0.34	0.19	0.44	0.76	0.29	0.44	0.28	0.21		0.33	0.27	0.47	-0.13	0.66	-0.55	0.31	0.64	0.06	0.25	0.82	-0.09	-0.01	-0.08
Other Assets	1.0	0.88	-0.75	0.84	0.98	0.87	0.78	0.99	0.94	0.86	0.97	0.33		0.94	0.94	0.7	0.81	-0.42	1.0	0.84	0.7	0.85	0.72	0.8	0.81	0.79
Cash And Short Term Investments	0.95	0.82	-0.69	0.79	0.94	0.86	0.72	0.94	0.89	0.95	0.92	0.27	0.94		0.9	0.69	0.83	-0.42	0.95	0.81	0.75	0.73	0.68	0.78	0.78	0.73
Net Receivables	0.94	0.96	-0.65	0.77	0.87	0.92	0.9	0.92	0.93	0.82	0.89	0.47	0.94	0.9		0.49	0.81	-0.57	0.94	0.92	0.6	0.69	0.8	0.62	0.65	0.65
Common Stock Shares Outstanding	0.71	0.36	-0.53	0.56	0.78	0.44	0.23	0.7	0.57	0.64	0.74	-0.13	0.7	0.69	0.49		0.43	-0.11	0.71	0.35	0.72	0.71	0.2	0.93	0.92	0.83
Non Current Liabilities Total	0.8	0.83	-0.75	0.84	0.76	0.71	0.83	0.79	0.84	0.78	0.7	0.66	0.81	0.83	0.81	0.43		-0.37	0.8	0.8	0.55	0.71	0.88	0.49	0.53	0.49
Other Stockholder Equity	-0.43	-0.61	-0.04	-0.06	-0.3	-0.62	-0.68	-0.37	-0.38	-0.57	-0.4	-0.55	-0.42	-0.42	-0.57	-0.11	-0.37		-0.43	-0.69	-0.27	-0.11	-0.48	-0.22	-0.23	-0.07
Total Liab	1.0	0.87	-0.74	0.83	0.98	0.88	0.77	0.99	0.93	0.87	0.98	0.31	1.0	0.95	0.94	0.71	0.8	-0.43		0.85	0.71	0.82	0.71	0.81	0.82	0.8
Property Plant And Equipment Gross	0.84	0.96	-0.56	0.66	0.76	0.95	0.95	0.84	0.8	0.78	0.8	0.64	0.84	0.81	0.92	0.35	0.8	-0.69	0.85		0.59	0.57	0.86	0.51	0.55	0.53
Total Current Assets	0.71	0.55	-0.66	0.6	0.74	0.63	0.45	0.73	0.55	0.68	0.72	0.06	0.7	0.75	0.6	0.72	0.55	-0.27	0.71	0.59		0.54	0.38	0.86	0.89	0.82
Short Term Debt	0.82	0.63	-0.77	0.81	0.83	0.53	0.57	0.8	0.83	0.61	0.75	0.25	0.85	0.73	0.69	0.71	0.71	-0.11	0.82	0.57	0.54		0.54	0.71	0.73	0.72
Other Current Assets	0.71	0.85	-0.57	0.68	0.62	0.75	0.92	0.71	0.79	0.61	0.62	0.82	0.72	0.68	0.8	0.2	0.88	-0.48	0.71	0.86	0.38	0.54		0.28	0.35	0.31
Common Stock Total Equity	0.81	0.52	-0.65	0.64	0.87	0.59	0.37	0.82	0.62	0.7	0.85	-0.09	0.8	0.78	0.62	0.93	0.49	-0.22	0.81	0.51	0.86	0.71	0.28		0.98	0.92
Common Stock	0.82	0.57	-0.67	0.66	0.87	0.62	0.43	0.83	0.66	0.69	0.85	-0.01	0.81	0.78	0.65	0.92	0.53	-0.23	0.82	0.55	0.89	0.73	0.35	0.98		0.94
Good Will	0.8	0.58	-0.7	0.69	0.86	0.62	0.4	0.83	0.66	0.6	0.84	-0.08	0.79	0.73	0.65	0.83	0.49	-0.07	0.8	0.53	0.82	0.72	0.31	0.92	0.94

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Bank of Nova Scotia Account Relationship Matchups

Bank of Nova Scotia fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1T	1.2T	1.3T	1.4T	1.6T	1.7T
Short Long Term Debt Total	68.2B	245.7B	310.9B	313.8B	360.9B	378.9B
Other Current Liab	(65.6B)	(92.9B)	(142.7B)	(136.9B)	(123.2B)	(117.1B)
Total Current Liabilities	65.6B	92.9B	142.7B	136.9B	157.4B	165.3B
Total Stockholder Equity	68.1B	70.8B	73.2B	76.9B	88.5B	92.9B
Property Plant And Equipment Net	5.9B	5.6B	5.7B	5.6B	6.5B	6.8B
Net Debt	(69.1B)	159.3B	245.0B	223.5B	257.0B	269.9B
Retained Earnings	46.3B	51.4B	53.8B	55.7B	64.1B	67.3B
Accounts Payable	8.3B	8.9B	12.6B	17.0B	19.5B	20.5B
Cash	76.5B	86.3B	65.9B	90.3B	103.9B	109.1B
Non Current Assets Total	246.3B	238.2B	238.7B	250.6B	288.2B	302.6B
Non Currrent Assets Other	(246.3B)	(2.1B)	(1.9B)	(3.5B)	(3.2B)	(3.3B)
Other Assets	765.0B	817.5B	978.0B	1.0T	1.2T	1.2T
Cash And Short Term Investments	116.5B	120.1B	119.3B	140.8B	161.9B	170.0B
Net Receivables	8.7B	9.1B	13.4B	14.0B	16.1B	16.9B
Common Stock Shares Outstanding	1.2B	1.2B	1.2B	1.2B	1.4B	1.2B
Liabilities And Stockholders Equity	1.1T	1.2T	1.3T	1.4T	1.6T	1.7T
Non Current Liabilities Total	8.5B	162.8B	142.7B	195.3B	224.6B	235.9B
Other Stockholder Equity	2.5B	1.5B	141M	457M	411.3M	390.7M
Total Liab	1.1T	1.1T	1.3T	1.3T	1.5T	1.6T
Property Plant And Equipment Gross	5.9B	11.5B	12.2B	10.5B	12.1B	12.7B
Total Current Assets	125.2B	129.1B	132.7B	154.8B	139.4B	78.8B
Short Term Debt	57.3B	84.0B	130.1B	119.9B	137.9B	144.8B
Other Current Assets	30.3B	388.4B	429.5B	475.4B	546.7B	574.0B
Accumulated Other Comprehensive Income	(1.8B)	(5.1B)	(7.3B)	(7.0B)	(6.3B)	(6.0B)
Common Stock	18.2B	18.5B	18.7B	20.1B	23.1B	15.4B
Good Will	9.3B	8.8B	8.9B	9.2B	10.6B	7.8B
Short Term Investments	40.0B	33.7B	53.4B	50.5B	58.1B	33.0B
Intangible Assets	7.7B	7.8B	8.0B	8.0B	9.2B	5.6B
Other Liab	66.3B	71.5B	76.1B	70.6B	81.2B	66.6B
Net Tangible Assets	47.7B	49.1B	53.4B	56.1B	64.5B	49.9B
Long Term Debt	7.4B	6.3B	177.4B	190.7B	219.3B	230.2B
Inventory	301M	(388.4B)	(429.5B)	(475.4B)	(427.8B)	(406.4B)
Long Term Investments	235.1B	216.0B	216.2B	230.5B	265.1B	194.8B
Short Long Term Debt	57.3B	3.3B	130.1B	119.9B	137.9B	98.4B
Property Plant Equipment	2.7B	5.9B	5.6B	5.7B	6.6B	3.9B
Long Term Debt Total	7.3B	10.9B	9.7B	11.8B	13.6B	9.0B
Earning Assets	397.0B	436.0B	479.2B	494.5B	568.7B	454.7B
Net Invested Capital	89.1B	93.6B	372.7B	379.5B	436.4B	458.2B

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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AMZN

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Pair Corr

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 Correlation Correlation 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:

How To Invest In Bank

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Is Bank Stock a good investment?

Details

What is Bank of Nova Scotia's Net Worth?

Details

Largest Diversified Banks Companies

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Largest Banks - Diversified Companies

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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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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.

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Bank Free Cash Flow Yield vs Price To Sales Ratio Analysis

Free Cash Flow Yield vs Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Price To Sales Ratio

Bank of Nova Scotia fundamental ratios Correlations

Bank of Nova Scotia Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bank of Nova Scotia fundamental ratios Accounts

Pair Trading with Bank of Nova Scotia

Moving together with Bank Stock

COMMON DESTINATIONS

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COMPANY

Other Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Liab	+ 1.0	Other Assets
Retained Earnings	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity
Other Assets	+ 0.99	Retained Earnings

Total Current Liabilities	- 0.97	Other Current Liab
Short Term Debt	- 0.77	Other Current Liab
Retained Earnings	- 0.77	Other Current Liab
Total Stockholder Equity	- 0.77	Other Current Liab
Non Current Liabilities Total	- 0.75	Other Current Liab
Other Assets	- 0.75	Other Current Liab