Bank Of Nova Stock Buy Hold or Sell Recommendation

BNS Stock  USD 51.81  0.65  1.27%   
Considering the 90-day investment horizon and your way above-average risk tolerance, our recommendation regarding Bank Of Nova is 'Strong Hold'. Macroaxis provides Bank of Nova Scotia buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding BNS positions. The advice algorithm takes into account all of Bank of Nova Scotia's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Bank of Nova Scotia's buy or sell advice are summarized below:
Real Value
50.4
Target Price
50.6
Hype Value
51.8
Market Value
51.81
Naive Value
51.35
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Bank Of Nova given historical horizon and risk tolerance towards Bank of Nova Scotia. When Macroaxis issues a 'buy' or 'sell' recommendation for Bank Of Nova, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Bank of Nova Scotia Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
In addition, we conduct extensive research on individual companies such as Bank and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards 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.

Execute Bank of Nova Scotia Buy or Sell Advice

The Bank recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Bank Of Nova. Macroaxis does not own or have any residual interests in Bank Of Nova or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Bank of Nova Scotia's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Bank of Nova ScotiaBuy Bank of Nova Scotia
Strong Hold

Market Performance

OKDetails

Volatility

Very steadyDetails

Hype Condition

Low keyDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

Very LowDetails

Economic Sensitivity

Almost mirrors the marketDetails

Investor Sentiment

InterestedDetails

Analyst Consensus

HoldDetails

Financial Strenth (F Score)

PoorDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Possible ManipulatorDetails
For the selected time horizon Bank Of Nova has a Risk Adjusted Performance of 0.0856, Jensen Alpha of (0), Total Risk Alpha of (0.09), Sortino Ratio of 0.011 and Treynor Ratio of 0.122
Our investment recommendation tool can be used to complement Bank of Nova Scotia trade advice provided by experts. It analyzes the company's potential to grow against your specific risk preferences and investment horizon. To make sure Bank of Nova Scotia is not overpriced, please confirm all Bank of Nova Scotia fundamentals, including its book value per share, retained earnings, and the relationship between the net income and target price . Given that Bank of Nova Scotia has a price to earning of 12.31 X, we suggest you to validate Bank Of Nova market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Bank of Nova Scotia Trading Alerts and Improvement Suggestions

Bank of Nova Scotia has a poor financial position based on the latest SEC disclosures
Latest headline from finance.yahoo.com: 2 Incredibly Cheap Dividend Stocks to Buy Now

Bank of Nova Scotia Returns Distribution Density

The distribution of Bank of Nova Scotia's historical returns is an attempt to chart the uncertainty of Bank of Nova Scotia's future price movements. The chart of the probability distribution of Bank of Nova Scotia daily returns describes the distribution of returns around its average expected value. We use Bank Of Nova price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Bank of Nova Scotia returns is essential to provide solid investment advice for Bank of Nova Scotia.
Mean Return
0.15
Value At Risk
-1.46
Potential Upside
1.59
Standard Deviation
1.00
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Bank of Nova Scotia historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Bank Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Bank of Nova Scotia is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Bank Of Nova backward and forwards among themselves. Bank of Nova Scotia's institutional investor refers to the entity that pools money to purchase Bank of Nova Scotia's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Jarislowsky Fraser Ltd2023-12-31
13.2 M
Healthcare Of Ontario Pension Plan Trust Fund2023-12-31
12.4 M
Legal & General Group Plc2023-12-31
9.3 M
Connor Clark & Lunn Inv Mgmt Ltd2023-12-31
8.8 M
Cibc Global Asset Management Inc2023-12-31
8.7 M
Goldman Sachs Group Inc2023-12-31
7.2 M
Jpmorgan Chase & Co2023-12-31
5.7 M
Dimensional Fund Advisors, Inc.2023-12-31
5.6 M
Amundi2023-12-31
4.8 M
Royal Bank Of Canada2023-12-31
102.5 M
Bank Of Montreal2023-12-31
72 M
Note, although Bank of Nova Scotia's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Bank of Nova Scotia Cash Flow Accounts

201920202021202220232024 (projected)
Change In Cash1.9B219M(1.4B)1.4B(892M)3.2B
Free Cash Flow55.9B(13.3B)16.4B31.3B36.0B37.8B
Depreciation1.1B1.5B1.5B1.5B1.8B1.8B
Other Non Cash Items3B(967M)(594M)4.7B4.2B4.5B
Dividends Paid4.4B4.6B4.6B5.1B5.4B2.5B
Capital Expenditures186M771M462M571M442M1.3B
Net Income8.8B6.9B10.0B10.2B7.5B5.5B
End Period Cash Flow10.9B11.1B9.7B11.1B10.2B5.6B
Investments15.2B(56.5B)16.5B(8.8B)(30.0B)(10.0B)
Net Borrowings1.5B(354M)(1.1B)1.8B1.0B18.9B
Change To Netincome2.8B4.6B2.2B2.4B7.1B4.2B

Bank of Nova Scotia Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Bank of Nova Scotia or Banks sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Bank of Nova Scotia's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Bank stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
-0.0026
β
Beta against NYSE Composite1.12
σ
Overall volatility
1.03
Ir
Information ratio 0.01

Bank of Nova Scotia Volatility Alert

Bank Of Nova has relatively low volatility with skewness of 0.03 and kurtosis of 0.28. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Bank of Nova Scotia's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Bank of Nova Scotia's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Bank of Nova Scotia Fundamentals Vs Peers

Comparing Bank of Nova Scotia's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Bank of Nova Scotia's direct or indirect competition across all of the common fundamentals between Bank of Nova Scotia and the related equities. This way, we can detect undervalued stocks with similar characteristics as Bank of Nova Scotia or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Bank of Nova Scotia's fundamental indicators could also be used in its relative valuation, which is a method of valuing Bank of Nova Scotia by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Bank of Nova Scotia to competition
FundamentalsBank of Nova ScotiaPeer Average
Return On Equity0.1-0.31
Return On Asset0.0058-0.14
Profit Margin0.27 %(1.27) %
Operating Margin0.37 %(5.51) %
Current Valuation(105.21 B)16.62 B
Shares Outstanding1.22 B571.82 M
Shares Owned By Insiders0.03 %10.09 %
Shares Owned By Institutions49.51 %39.21 %
Number Of Shares Shorted22.29 M4.71 M
Price To Earning12.31 X28.72 X
Price To Book1.20 X9.51 X
Price To Sales2.13 X11.42 X
Revenue31.79 B9.43 B
Gross Profit29.25 B27.38 B
EBITDA11.46 B3.9 B
Net Income7.53 B570.98 M
Cash And Equivalents383.37 B2.7 B
Cash Per Share321.37 X5.01 X
Total Debt313.81 B5.32 B
Debt To Equity14.91 %48.70 %
Book Value Per Share57.26 X1.93 K
Cash Flow From Operations31.72 B971.22 M
Short Ratio9.33 X4.00 X
Earnings Per Share4.49 X3.12 X
Price To Earnings To Growth1.44 X4.89 X
Target Price48.16
Number Of Employees89.25 K18.84 K
Beta0.96-0.15
Market Capitalization62.52 B19.03 B
Total Asset1.41 T29.47 B
Retained Earnings55.75 B9.33 B
Z Score0.228.72
Annual Yield0.06 %

Bank of Nova Scotia Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Bank . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Bank of Nova Scotia Buy or Sell Advice

When is the right time to buy or sell Bank Of Nova? Buying financial instruments such as Bank Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2021 2022 2024 (projected)
Short and Long Term Debt Total310.9B313.8B378.9B
Total Assets1.3T1.4T638.6B

Use Investing Ideas to Build Portfolios

In addition to having Bank of Nova Scotia in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Chemicals Makers Thematic Idea Now

Chemicals Makers
Chemicals Makers Theme
Companies developing chemicals for crops, soil as well as human, and animals. The Chemicals Makers theme has 37 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Chemicals Makers Theme or any other thematic opportunities.
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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 Bank of Nova Scotia Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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.