The Bank of Nova Scotia shows Mean Deviation of 0.4149, Risk Adjusted Performance of 0.0912 and Downside Deviation of 0.4669. Bank of Nova Scotia technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm future prices. In plain English you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found eighteen technical drivers for The Bank of Nova Scotia which can be compared to its rivals. Please confirm Bank of Nova Scotia Treynor Ratio, and the relationship between Standard Deviation and Downside Variance to decide if Bank of Nova Scotia is priced correctly providing market reflects its regular price of 81.24 per share.
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Bank of Nova Scotia Trend AnalysisUse this graph to draw trend lines for The Bank of Nova Scotia. You can use it to identify possible trend reversals for Bank of Nova Scotia as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Bank of Nova Scotia price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Bank of Nova Scotia Best Fit Change LineThe following chart estimates an ordinary least squares regression model for The Bank of Nova Scotia applied against its price change over selected period. The best fit line has a slop of 0.05451 % which means The Bank of Nova Scotia will continue generating value for investors. It has 34 observation points and a regression sum of squares at 2.42, which is the sum of squared deviations for the predicted Bank of Nova Scotia price change compared to its average price change.
The Bank of Nova Scotia is rated third in mean deviation category among related companies. It is rated second in standard deviation category among related companies creating about 1.35 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for The Bank of Nova Scotia is roughly 1.35