Bank of Nova Scotia Backtesting

The Bank of Nova Scotia -- Canada Stock  

CAD 78.01  0.91  1.18%

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
 Time Horizon     30 Days    Login   to change
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Bank of Nova Scotia 'What if' Analysis

January 22, 2018
0.00
No Change 0.00  0.0%
In 31 days
February 21, 2018
0.00
If you would invest  0.00  in Bank of Nova Scotia on January 22, 2018 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. The Bank of Nova Scotia provides various financial services in North America, Latin America, the Caribbean and Central A...

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 to be not too risky. Bank of Nova Scotia secures Sharpe Ratio (or Efficiency) of -0.3098 which signifies that Bank of Nova Scotia had -0.3098% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. The Bank of Nova Scotia exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Bank of Nova Scotia Mean Deviation of 0.5713 and Risk Adjusted Performance of 0.42 to double-check risk estimate we provide. Macroaxis gives Bank of Nova Scotia performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.0211 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.. Even though it is essential to pay attention to Bank of Nova Scotia historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. The Bank of Nova Scotia exposes twenty-one different technical indicators which can help you to evaluate its performance. Bank of Nova Scotia has expected return of -0.2668%. Please be advised to confirm Bank of Nova Scotia Jensen Alpha, and the relationship between Coefficient Of Variation and Potential Upside to decide if Bank of Nova Scotia past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.08) 

Very weak reverse predictability

The Bank of Nova Scotia has very weak reverse predictability. Overlapping area represents the amount of predictability between Bank of Nova Scotia time series from January 22, 2018 to February 6, 2018 and February 6, 2018 to February 21, 2018. 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 -0.08 indicates that barely 8.0% of current Bank of Nova Scotia price fluctuation can be explain by its past prices. Given that The Bank of Nova Scotia has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Bank of Nova Scotia for similar time interval.
Correlation Coefficient -0.08
Spearman Rank Test -0.12
Price Variance 0.3
Lagged Price Variance 0.17

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, Jan 22, 2018 and Wed, Feb 21, 2018 is 80.76 with a coefficient of variation of 2.74. The daily time series for the period is distributed with a sample standard deviation of 2.18, arithmetic mean of 79.73, and mean deviation of 2.04. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
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Bank Of Nova Scotia Trust Company Has Trimmed Its Stake in W...02/21/2018