Bank Total Other Income Expense Net vs Gross Profit 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 Total Other Income Expense Net and its Gross Profit 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.
Total Other Income Expense Net vs Gross Profit
Total Other Income Expense Net vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bank of Nova Scotia Total Other Income Expense Net account and Gross Profit. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Bank of Nova Scotia's Total Other Income Expense Net and Gross Profit is -0.51. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Gross Profit 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 Total Other Income Expense Net and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of Bank of Nova are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Total Other Income Expense Net i.e., Bank of Nova Scotia's Total Other Income Expense Net and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.51 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Total Other Income Expense Net
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Bank of Nova minus its cost of goods sold. It is profit before Bank of Nova Scotia operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.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 4th 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.Moving together with Bank Stock
0.69 | SBN | S Split 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 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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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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