Bank Of Nova Stock Performance
| BNS Stock | CAD 64.12 0.48 0.74% |
Bank of Nova Scotia has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.75, 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. Bank of Nova Scotia right now shows a risk of 0.93%. Please confirm Bank of Nova Scotia sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Bank of Nova Scotia will be following its price patterns.
Risk-Adjusted Performance
6 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Bank of Nova are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Bank of Nova Scotia is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
Forward Dividend Yield 0.0657 | Payout Ratio 0.6646 | Last Split Factor 2:1 | Forward Dividend Rate 4.24 | Dividend Date 2024-04-26 |
1 | Bank of Nova Scotia Stock Is an Overlooked 6.9-Yielder - Income Investors | 01/31/2024 |
2 | Better Bank Stock CIBC vs. Scotiabank - MSN | 03/05/2024 |
3 | Bank of Nova Scotia Shares Pass Above Two Hundred Day Moving Average of 62.23 - Defense World | 03/26/2024 |
4 | Bank of Nova Scotia stock falls Friday, still outperforms market - MarketWatch | 04/12/2024 |
| Begin Period Cash Flow | 11.1 B |
Bank |
Bank of Nova Scotia Relative Risk vs. Return Landscape
If you would invest 6,141 in Bank of Nova on January 26, 2024 and sell it today you would earn a total of 271.00 from holding Bank of Nova or generate 4.41% return on investment over 90 days. Bank of Nova is generating 0.0739% of daily returns assuming 0.9294% volatility of returns over the 90 days investment horizon. Simply put, 8% of all stocks have less volatile historical return distribution than Bank of Nova Scotia, and 99% 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 = 0.0795
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| Cash | BNS | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.93 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Bank of Nova Scotia is performing at about 6% 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 | 0.1 | ||||
| Return On Asset | 0.0058 | ||||
| Profit Margin | 0.27 % | ||||
| Operating Margin | 0.37 % | ||||
| Current Valuation | (87.97 B) | ||||
| Shares Outstanding | 1.22 B | ||||
| Price To Earning | 13.40 X | ||||
| Price To Book | 1.16 X | ||||
| Price To Sales | 2.76 X | ||||
| Revenue | 31.79 B | ||||
| Gross Profit | 29.8 B | ||||
| EBITDA | 29.65 B | ||||
| Net Income | 7.41 B | ||||
| Cash And Equivalents | 383.37 B | ||||
| Cash Per Share | 321.37 X | ||||
| Total Debt | 119.93 B | ||||
| Debt To Equity | 0.14 % | ||||
| Book Value Per Share | 57.26 X | ||||
| Cash Flow From Operations | 31.72 B | ||||
| Earnings Per Share | 6.11 X | ||||
| Market Capitalization | 78.95 B | ||||
| Total Asset | 1.41 T | ||||
| Retained Earnings | 55.75 B | ||||
About Bank of Nova Scotia Performance
To evaluate Bank of Nova Scotia Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Bank of Nova Scotia generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Bank Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Bank of Nova Scotia market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Bank's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 0.00 | 0.00 | |
| Return On Tangible Assets | 0 | 0.01 | |
| Return On Capital Employed | 0.01 | 0.01 | |
| Return On Assets | 0 | 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.| Latest headline from news.google.com: Bank of Nova Scotia stock falls Friday, still outperforms market - MarketWatch |
- 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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
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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