Bank of Nova Scotia Revenue vs. Cash Flow from Operations
| BNS Stock | CAD 64.14 0.08 0.12% |
Total Revenue | First Reported 1995-10-31 | Previous Quarter 7.9 B | Current Value 8.4 B | Quarterly Volatility 2.4 B |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.74 | 0.83 |
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| Net Profit Margin | 0.21 | 0.2331 |
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| Operating Profit Margin | 0.33 | 0.35 |
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| Pretax Profit Margin | 0.28 | 0.3069 |
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| Return On Assets | 0.0063 | 0.0047 |
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| Return On Equity | 0.17 | 0.11 |
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For Bank of Nova Scotia profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Bank of Nova Scotia to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Bank of Nova utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Bank of Nova Scotia's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Bank of Nova over time as well as its relative position and ranking within its peers.
Bank |
Bank of Nova Scotia Cash Flow from Operations vs. Revenue Fundamental Analysis
Bank Revenue vs. Competition
Bank of Nova is the top company in revenue category among related companies. Market size based on revenue of Financials industry is currently estimated at about 63.57 Billion. Bank of Nova Scotia totals roughly 31.79 Billion in revenue claiming about 50% of equities under Financials industry.
Bank Cash Flow from Operations vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Bank of Nova Scotia |
| = | 31.79 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Bank of Nova Scotia | = | null |
Use Bank of Nova Scotia in pair-trading
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.Bank of Nova Scotia Pair Trading
Bank of Nova Pair Trading Analysis
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.Use Investing Themes to Complement your Bank of Nova Scotia position
In addition to having Bank of Nova Scotia in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Absolute Returns ETFs Thematic Idea Now
Absolute Returns ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Absolute Returns ETFs theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Absolute Returns ETFs Theme or any other thematic opportunities.
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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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To fully project Bank of Nova Scotia's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Bank of Nova Scotia at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Bank of Nova Scotia's income statement, its balance sheet, and the statement of cash flows.