BNS Stock | | | USD 56.45 0.23 0.41% |
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 Short Long Term Debt and its Long Term Investments 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.
Short Long Term Debt vs Long Term Investments
Short Long Term Debt vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bank of Nova Scotia Short Long Term Debt account and
Long Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Bank of Nova Scotia's Short Long Term Debt and Long Term Investments is 0.4. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Long Term Investments 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 Short Long Term Debt and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Bank of Nova are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Short Long Term Debt i.e., Bank of Nova Scotia's Short Long Term Debt and Long Term Investments go up and down completely randomly.
Correlation Coefficient | 0.4 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Short Long Term Debt
The total of a company's short-term and long-term borrowings.
Long Term Investments
Long Term Investments is an item on the asset side of Bank of Nova Scotia balance sheet that represents investments Bank of Nova Scotia intends to hold for over a year. Bank of Nova long term investments may include different instruments such as stocks, bonds, real estate and cash.
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 comparatively stable compared to the past year.
Issuance Of Capital Stock is likely to gain to about 1.9
B in 2024, whereas
Tax Provision is likely to drop slightly above 2.5
B in 2024.
Bank of Nova Scotia fundamental ratios Correlations
Click cells to compare fundamentals
Bank of Nova Scotia Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bank of Nova Scotia fundamental ratios Accounts
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