Bank Operating Income vs Depreciation And Amortization Analysis
BNS Stock | CAD 64.13 0.83 1.31% |
Bank of Nova Scotia financial indicator trend analysis is way more than just evaluating Bank of Nova Scotia prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Nova Scotia is a good investment. Please check the relationship between Bank of Nova Scotia Operating Income and its Depreciation And Amortization accounts. 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.
Operating Income vs Depreciation And Amortization
Operating Income vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bank of Nova Scotia Operating Income account and Depreciation And Amortization. At this time, the significance of the direction appears to have strong relationship.
The correlation between Bank of Nova Scotia's Operating Income and Depreciation And Amortization is 0.72. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Bank of Nova, assuming nothing else is changed. The correlation between historical values of Bank of Nova Scotia's Operating Income and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Bank of Nova are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Operating Income i.e., Bank of Nova Scotia's Operating Income and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Operating Income
Operating Income is the amount of profit realized from Bank of Nova Scotia operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Bank of Nova is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Most indicators from Bank of Nova Scotia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Nova Scotia current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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. At this time, Bank of Nova Scotia's Selling General Administrative is very stable compared to the past year. As of the 3rd of May 2024, Issuance Of Capital Stock is likely to grow to about 1.9 B, while Tax Provision is likely to drop about 2.5 B.
2021 | 2023 | 2024 (projected) | Interest Expense | 15.4B | 44.3B | 46.5B | Depreciation And Amortization | 1.5B | 1.8B | 1.8B |
Bank of Nova Scotia fundamental ratios Correlations
Click cells to compare fundamentals
Bank of Nova Scotia Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bank of Nova Scotia fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.1T | 1.2T | 1.3T | 1.4T | 1.6T | 1.7T | |
Short Long Term Debt Total | 19.5B | 7.4B | 245.7B | 310.9B | 357.5B | 375.4B | |
Other Current Liab | (122.7B) | (65.6B) | (92.9B) | (142.7B) | (128.4B) | (122.0B) | |
Total Current Liabilities | 122.7B | 65.6B | 92.9B | 142.7B | 164.1B | 172.3B | |
Total Stockholder Equity | 68.1B | 70.8B | 73.2B | 76.9B | 88.5B | 92.9B | |
Property Plant And Equipment Net | 5.9B | 5.6B | 5.7B | 5.6B | 6.5B | 6.8B | |
Net Debt | (69.1B) | 159.3B | 245.0B | 220.3B | 253.3B | 266.0B | |
Retained Earnings | 46.3B | 51.4B | 53.8B | 55.7B | 64.1B | 67.3B | |
Accounts Payable | 8.3B | 8.9B | 12.6B | 17.0B | 19.5B | 20.5B | |
Cash | 76.5B | 86.3B | 65.9B | 90.3B | 103.9B | 109.1B | |
Non Current Assets Total | 221.8B | 246.3B | 238.2B | 238.7B | 274.5B | 288.3B | |
Non Currrent Assets Other | (221.8B) | (246.3B) | (238.2B) | (238.7B) | (214.8B) | (204.1B) | |
Other Assets | 775.1B | 765.0B | 817.5B | 978.0B | 1.1T | 1.2T | |
Cash And Short Term Investments | 81.5B | 116.5B | 120.1B | 119.3B | 137.2B | 144.1B | |
Net Receivables | 8.7B | 9.1B | 13.4B | 7.1B | 8.2B | 5.4B | |
Common Stock Shares Outstanding | 1.2B | 1.2B | 1.2B | 1.2B | 1.4B | 1.2B | |
Liabilities And Stockholders Equity | 1.1T | 1.1T | 1.2T | 1.3T | 1.6T | 1.6T | |
Non Current Liabilities Total | 20.8B | 8.5B | 162.8B | 142.7B | 164.1B | 172.3B | |
Other Stockholder Equity | 2.5B | 1.5B | 141M | 457M | 411.3M | 390.7M | |
Total Liab | 1.1T | 1.1T | 1.3T | 1.3T | 1.5T | 1.6T | |
Property Plant And Equipment Gross | 5.9B | 11.5B | 12.2B | 10.5B | 12.1B | 12.7B | |
Total Current Assets | 89.2B | 125.2B | 129.1B | 132.7B | 119.4B | 77.2B | |
Short Term Debt | 113.5B | 57.3B | 84.0B | 130.1B | 149.6B | 157.1B | |
Other Current Assets | 35.4B | 30.3B | 35.0B | 45.4B | 40.8B | 78.3B | |
Common Stock | 18.3B | 18.2B | 18.5B | 18.7B | 21.5B | 14.9B | |
Accumulated Other Comprehensive Income | 935M | (1.8B) | (5.1B) | (7.3B) | (8.4B) | (8.0B) | |
Good Will | 9.3B | 8.8B | 8.9B | 9.2B | 10.6B | 7.8B | |
Short Term Investments | 40.0B | 33.7B | 53.4B | 50.5B | 58.1B | 35.2B | |
Intangible Assets | 7.7B | 7.8B | 8.0B | 8.0B | 9.2B | 5.6B | |
Other Liab | 66.3B | 71.5B | 76.1B | 70.6B | 81.2B | 66.6B | |
Net Tangible Assets | 47.7B | 49.1B | 53.4B | 56.1B | 64.5B | 49.9B | |
Long Term Debt | 7.4B | 6.3B | 177.4B | 190.7B | 219.3B | 230.2B | |
Inventory | 372M | 301M | 257M | 274M | 246.6M | 276.4M | |
Long Term Investments | 235.1B | 216.0B | 216.2B | 227.8B | 261.9B | 194.5B | |
Short Long Term Debt | 57.3B | 3.3B | 130.1B | 119.9B | 137.9B | 98.4B | |
Property Plant Equipment | 2.7B | 5.9B | 5.6B | 5.7B | 6.6B | 3.9B | |
Long Term Debt Total | 7.3B | 10.9B | 9.7B | 11.8B | 13.6B | 9.0B | |
Earning Assets | 397.0B | 436.0B | 479.2B | 494.5B | 568.7B | 454.7B | |
Net Invested Capital | 89.1B | 93.6B | 372.7B | 379.5B | 436.4B | 458.2B |
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.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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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.
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences |