The output start index for this execution was five with a total number of output elements of twelve. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Bank of Nova Scotia volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.
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 0.22 % 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 40.5, which is the sum of squared deviations for the predicted Bank of Nova Scotia price change compared to its average price change.
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The Bank of Nova Scotia is rated below average in mean deviation category among related companies. It is rated below average in standard deviation category among related companies creating about 1.48 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for The Bank of Nova Scotia is roughly 1.48