Bank Of Nova Stock Performance
| BNS Stock | CAD 78.50 0.21 0.27% |
On a scale of 0 to 100, Bank of Nova Scotia holds a performance score of 29. The firm shows a Beta (market volatility) of -0.0069, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bank of Nova Scotia are expected to decrease at a much lower rate. During the bear market, Bank of Nova Scotia is likely to outperform the market. Please check Bank of Nova Scotia's treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Bank of Nova Scotia's price patterns will revert.
Risk-Adjusted Performance
29 of 100
Weak | Strong |
Strong
Compared to the overall equity markets, risk-adjusted returns on investments in Bank of Nova are ranked lower than 29 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Bank of Nova Scotia displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
Forward Dividend Yield 0.0548 | Payout Ratio 0.6883 | Last Split Factor 2:1 | Forward Dividend Rate 4.24 | Dividend Date 2024-10-29 |
1 | Sunnova Energy International Inc. Shares Bought by Bank of New York Mellon Corp - MarketBeat | 09/17/2024 |
| Begin Period Cash Flow | 11.1 B |
Bank |
Bank of Nova Scotia Relative Risk vs. Return Landscape
If you would invest 6,465 in Bank of Nova on August 24, 2024 and sell it today you would earn a total of 1,385 from holding Bank of Nova or generate 21.42% return on investment over 90 days. Bank of Nova is generating 0.3171% of daily returns assuming 0.8529% volatility of returns over the 90 days investment horizon. Simply put, 7% of all stocks have less volatile historical return distribution than Bank of Nova Scotia, and 94% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Bank of Nova Scotia Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of Nova Scotia's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Bank of Nova, and traders can use it to determine the average amount a Bank of Nova Scotia's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.3718
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | BNS | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.85 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.32 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.37 actual daily | 29 71% of assets perform better |
Based on monthly moving average Bank of Nova Scotia is performing at about 29% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bank of Nova Scotia by adding it to a well-diversified portfolio.
Bank of Nova Scotia Fundamentals Growth
Bank Stock prices reflect investors' perceptions of the future prospects and financial health of Bank of Nova Scotia, and Bank of Nova Scotia fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Bank Stock performance.
| Return On Equity | 0.0949 | |||
| Return On Asset | 0.0055 | |||
| Profit Margin | 0.25 % | |||
| Operating Margin | 0.32 % | |||
| Current Valuation | (51.65 B) | |||
| Shares Outstanding | 1.24 B | |||
| Price To Earning | 13.40 X | |||
| Price To Book | 1.33 X | |||
| Price To Sales | 3.29 X | |||
| Revenue | 31.79 B | |||
| Gross Profit | 29.8 B | |||
| EBITDA | 11.46 B | |||
| Net Income | 7.41 B | |||
| Cash And Equivalents | 383.37 B | |||
| Cash Per Share | 321.37 X | |||
| Total Debt | 313.81 B | |||
| Debt To Equity | 0.14 % | |||
| Book Value Per Share | 65.87 X | |||
| Cash Flow From Operations | 31.72 B | |||
| Earnings Per Share | 5.71 X | |||
| Market Capitalization | 96.98 B | |||
| Total Asset | 1.41 T | |||
| Retained Earnings | 55.75 B | |||
About Bank of Nova Scotia Performance
By examining Bank of Nova Scotia's fundamental ratios, stakeholders can obtain critical insights into Bank of Nova Scotia's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Bank of Nova Scotia is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.00 | 0.01 | |
| Return On Capital Employed | 0.02 | 0.04 | |
| Return On Assets | 0.00 | 0.01 | |
| Return On Equity | 0.11 | 0.17 |
Things to note about Bank of Nova Scotia performance evaluation
Checking the ongoing alerts about Bank of Nova Scotia for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Bank of Nova Scotia help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Bank of Nova Scotia's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Bank of Nova Scotia's stock performance include:- Analyzing Bank of Nova Scotia's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Bank of Nova Scotia's stock is overvalued or undervalued compared to its peers.
- Examining Bank of Nova Scotia's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Bank of Nova Scotia's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Bank of Nova Scotia's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Bank of Nova Scotia's stock. These opinions can provide insight into Bank of Nova Scotia's potential for growth and whether the stock is currently undervalued or overvalued.
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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.