Bank Of Nova Stock Probability Of Bankruptcy
| BNS Stock | CAD 64.14 0.08 0.12% |
Bank of Nova fundamentals help investors to digest information that contributes to Bank of Nova Scotia's financial success or failures. It also enables traders to predict the movement of Bank Stock. The fundamental analysis module provides a way to measure Bank of Nova Scotia's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bank of Nova Scotia stock.
Bank | Probability_Of_Bankruptcy |
Bank of Nova Company odds of distress Analysis
Bank of Nova Scotia's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability_Of_Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Bank of Nova Scotia Probability Of Bankruptcy | Less than 6% |
Most of Bank of Nova Scotia's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Bank of Nova is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Bank of Nova Scotia probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Bank of Nova Scotia odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Bank of Nova financial health.
Bank Probability Of Bankruptcy Driver Correlations
Understanding the fundamental principles of building solid financial models for Bank of Nova Scotia is extremely important. It helps to project a fair market value of Bank Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Bank of Nova Scotia's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Bank of Nova Scotia's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Bank of Nova Scotia's interrelated accounts and indicators.
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The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, Bank of Nova has a Probability Of Bankruptcy of 6.0%. This is 87.98% lower than that of the Banks sector and significantly higher than that of the Financials industry. The probability of bankruptcy for all Canada stocks is 84.94% higher than that of the company.
Bank Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bank of Nova Scotia's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Bank of Nova Scotia could also be used in its relative valuation, which is a method of valuing Bank of Nova Scotia by comparing valuation metrics of similar companies.Bank of Nova Scotia is currently under evaluation in probability of bankruptcy category among related companies.
Bank of Nova Scotia ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Bank of Nova Scotia's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Bank of Nova Scotia's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Bank Fundamentals
| Return On Equity | 0.1 | |||
| Return On Asset | 0.0058 | |||
| Profit Margin | 0.27 % | |||
| Operating Margin | 0.37 % | |||
| Current Valuation | (86.79 B) | |||
| Shares Outstanding | 1.22 B | |||
| Shares Owned By Insiders | 0.03 % | |||
| Shares Owned By Institutions | 49.44 % | |||
| Number Of Shares Shorted | 34.24 M | |||
| 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 | |||
| Short Ratio | 7.54 X | |||
| Earnings Per Share | 6.11 X | |||
| Price To Earnings To Growth | 1.41 X | |||
| Target Price | 67.4 | |||
| Number Of Employees | 89.25 K | |||
| Beta | 0.96 | |||
| Market Capitalization | 78.31 B | |||
| Total Asset | 1.41 T | |||
| Retained Earnings | 55.75 B | |||
| Annual Yield | 0.06 % | |||
| Five Year Return | 4.81 % | |||
| Net Asset | 1.41 T | |||
| Last Dividend Paid | 4.21 |
About Bank of Nova Scotia Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bank of Nova's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bank of Nova Scotia using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bank of Nova based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bank of Nova Scotia in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bank of Nova Scotia's short interest history, or implied volatility extrapolated from Bank of Nova Scotia options trading.
Pair Trading with Bank of Nova Scotia
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bank of Nova Scotia position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bank of Nova Scotia will appreciate offsetting losses from the drop in the long position's value.Moving together with Bank Stock
| 0.97 | JPM | JPMorgan Chase | PairCorr |
| 0.96 | BOFA | Bank of America | PairCorr |
| 0.87 | RY-PM | Royal Bank | PairCorr |
| 0.86 | RY-PS | Royal Bank | PairCorr |
The ability to find closely correlated positions to Bank of Nova Scotia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of Nova Scotia when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank of Nova Scotia - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank of Nova to buy it.
The correlation of Bank of Nova Scotia is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank of Nova Scotia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of Nova Scotia moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bank of Nova Scotia can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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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