|The Bank of Nova Scotia -- Canada Stock|| |
CAD 82.51 0.32 0.39%
Bank of Nova Scotia Trend Analysis
Use 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 Line
The 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 0.07 %
which may suggest that The Bank of Nova Scotia market price will keep on failing further. It has 34 observation points and a regression sum of squares at 4.04, which is the sum of squared deviations for the predicted Bank of Nova Scotia price change compared to its average price change.