Bank of Nova Scotia Backtesting

The Bank of Nova Scotia -- Canada Stock  

CAD 80.72  0.01  0.01%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of The Bank of Nova Scotia and determine expected loss or profit from investing in Bank of Nova Scotia over given investment horizon. Check also Bank of Nova Scotia Hype Analysis, Bank of Nova Scotia Correlation, Bank of Nova Scotia Valuation, Bank of Nova Scotia Volatility as well as analyze Bank of Nova Scotia Alpha and Beta and Bank of Nova Scotia Performance
Investment Horizon     30 Days    Login   to change
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Bank of Nova Scotia 'What if' Analysis

September 18, 2017
 0.00 
No Change 0.00  0.0%
In 31 days
October 18, 2017
 0.00 
If you would invest  0.00  in Bank of Nova Scotia on September 18, 2017 and sell it all today you would earn a total of 0.00 from holding The Bank of Nova Scotia or generate 0.0% return on investment in Bank of Nova Scotia over 30 days. Bank of Nova Scotia is related to or competes with National Bank, Bank of Montreal, Canadian Imperial, Royal Bank, and Canadian Western. It offers financial advice solutions and daytoday banking products including debit cards checking accounts credit cards ...

Bank of Nova Scotia Upside/Downside Indicators

  

Bank of Nova Scotia Market Premium Indicators

Bank of Nova Scotia lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Bank of Nova Scotia regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Bank of Nova Scotia Backtested Returns

Macroaxis considers Bank of Nova Scotia not too risky given 1 month investment horizon. Bank of Nova Scotia secures Sharpe Ratio (or Efficiency) of 0.3723 which signifies that Bank of Nova Scotia had 0.3723% of return per unit of standard deviation over the last 1 month. Our philosophy in foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty technical indicators for The Bank of Nova Scotia which you can use to evaluate future volatility of the firm. Please makes use of Bank of Nova Scotia Mean Deviation of 0.3976, Risk Adjusted Performance of 0.095 and Downside Deviation of 0.51 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Bank of Nova Scotia holds performance score of 25. The firm shows Beta (market volatility) of -0.3183 which signifies that as returns on market increase, returns on owning Bank of Nova Scotia are expected to decrease at a much smaller rate. During bear market, Bank of Nova Scotia is likely to outperform the market.. Although it is extremely important to respect Bank of Nova Scotia historical returns, it is better to be realistic regarding the information on equity current trending patternss. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Bank of Nova Scotia technical indicators you can presently evaluate if the expected return of 0.2073% will be sustainable into the future. Please makes use of Bank of Nova Scotia Treynor Ratio, and the relationship between Standard Deviation and Downside Variance to make a quick decision on weather Bank of Nova Scotia price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.15 

Insignificant predictability

The Bank of Nova Scotia has insignificant predictability. Overlapping area represents the amount of predictability between Bank of Nova Scotia time series from September 18, 2017 to October 3, 2017 and October 3, 2017 to October 18, 2017. 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 0.15 indicates that less than 15.0% of current Bank of Nova Scotia price fluctuation can be explain by its past prices.
Correlation Coefficient 0.15
Spearman Rank Test 0.08
Price Variance 0.04
Lagged Price Variance 1.16

Bank of Nova Scotia Lagged Returns

 Regressed Prices 
      Timeline 

Bank of Nova Scotia Performance vs SPTSX Comp

The median price of Bank of Nova Scotia for the period between Mon, Sep 18, 2017 and Wed, Oct 18, 2017 is 80.2 with a coefficient of variation of 1.58. The daily time series for the period is distributed with a sample standard deviation of 1.26, arithmetic mean of 79.74, and mean deviation of 0.96. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
Bank of Nova Scotia Stake Decreased by The Manufacturers Lif...10/17/2017