Bank Cash Beginning of Year from 2010 to 2024
BNS Stock | CAD 69.42 0.96 1.40% |
Check Bank of Nova Scotia financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Bank main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.8 B, Interest Expense of 46.5 B or Selling General Administrative of 12.3 B, as well as many exotic indicators such as Short Term Coverage Ratios of 0.32, Price Earnings Ratio of 5.06 or Price To Sales Ratio of 1.38. Bank financial statements analysis is a perfect complement when working with Bank of Nova Scotia Valuation or Volatility modules.
Bank | Cash Beginning of Year |
About Bank of Nova Scotia Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Bank of Nova Scotia income statement, its balance sheet, and the statement of cash flows. Bank of Nova Scotia investors use historical funamental indicators, such as Bank of Nova Scotia's Cash Beginning of Year, to determine how well the company is positioned to perform in the future. Although Bank of Nova Scotia investors may use each financial statement separately, they are all related. The changes in Bank of Nova Scotia's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Bank of Nova Scotia's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Bank of Nova Scotia Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Bank of Nova Scotia. Please read more on our technical analysis and fundamental analysis pages.
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada. Bank of Nova Scotia operates under Banking classification in Canada and is traded on Toronto Stock Exchange. It employs 90978 people.
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
0.71 | LB | Laurentian Bank | PairCorr |
0.67 | AI | Atrium Mortgage Inve | PairCorr |
Moving against Bank Stock
0.75 | FUND | Katipult Technology Corp | PairCorr |
0.75 | QBR-A | Quebecor | PairCorr |
0.74 | THRM | Therma Bright | PairCorr |
0.7 | XIM | Ximen Mining Corp | PairCorr |
0.57 | GBLT | GBLT Corp | 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 the analysis of Bank of Nova Scotia Correlation against competitors. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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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