Bank Of Nova Stock Market Value
| BNS Stock | USD 56.45 0.23 0.41% |
| Symbol | Bank |
Bank of Nova Scotia Price To Book Ratio
Is Diversified Banks space 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 (0.17) | Dividend Share 4.24 | Earnings Share 4.08 | Revenue Per Share 24.301 | Quarterly Revenue Growth 0.009 |
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.
| 08/26/2024 |
| 11/24/2024 |
If you would invest 0.00 in Bank of Nova Scotia on August 26, 2024 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 90 days. Bank of Nova Scotia is related to or competes with Toronto Dominion, Royal Bank, Canadian Imperial, JPMorgan Chase, Bank of Montreal, Bank of America, and Wells Fargo. 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.
| Downside Deviation | 0.8054 | |||
| Information Ratio | 0.1622 | |||
| Maximum Drawdown | 4.91 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.92 |
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.| Risk Adjusted Performance | 0.2296 | |||
| Jensen Alpha | 0.2405 | |||
| Total Risk Alpha | 0.1253 | |||
| Sortino Ratio | 0.1958 | |||
| Treynor Ratio | 0.8876 |
Bank of Nova Scotia Backtested Returns
Bank of Nova Scotia appears to be very steady, given 3 months investment horizon. Bank of Nova Scotia secures Sharpe Ratio (or Efficiency) of 0.27, which signifies that the company had a 0.27% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bank of Nova, which you can use to evaluate the volatility of the firm. Please makes use of Bank of Nova Scotia's Downside Deviation of 0.8054, risk adjusted performance of 0.2296, and Mean Deviation of 0.7441 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bank of Nova Scotia holds a performance score of 21. The firm shows a Beta (market volatility) of 0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bank of Nova Scotia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bank of Nova Scotia is expected to be smaller as well. Please check Bank of Nova Scotia's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Bank of Nova Scotia's price patterns will revert.
Auto-correlation | 0.44 |
Average predictability
Bank of Nova has average predictability. Overlapping area represents the amount of predictability between Bank of Nova Scotia time series from 26th of August 2024 to 10th of October 2024 and 10th of October 2024 to 24th of November 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 0.44 indicates that just about 44.0% of current Bank of Nova Scotia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 2.06 |
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 |
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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 |
Thematic Opportunities
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Additional 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.