Bank Cash Flow Overview
| BNS Stock | CAD 64.60 0.09 0.14% |
Bank |
Most accounts from Bank of Nova Scotia's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts 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 cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Bank of Nova Scotia Valuation and Bank of Nova Scotia Correlation analysis. At this time, Bank of Nova Scotia's End Period Cash Flow is very stable compared to the past year. As of the 23rd of April 2024, Change To Account Receivables is likely to grow to about 23.7 B, though Change In Cash is likely to grow to (974.5 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Capital Expenditures | 571M | 442M | 508.3M | 383.4M | Dividends Paid | 5.1B | 5.4B | 6.2B | 6.5B |
Bank of Nova Scotia cash flow statement Correlations
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Bank of Nova Scotia Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bank of Nova Scotia cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 219M | (1.4B) | 1.4B | (892M) | (1.0B) | (974.5M) | |
| Free Cash Flow | 55.9B | (13.3B) | 16.4B | 31.3B | 36.0B | 37.8B | |
| Depreciation | 1.5B | 1.5B | 1.5B | 1.8B | 2.1B | 2.2B | |
| Other Non Cash Items | 3B | (967M) | (594M) | (18.3B) | (16.5B) | (15.6B) | |
| Dividends Paid | 4.6B | 4.6B | 5.1B | 5.4B | 6.2B | 6.5B | |
| Capital Expenditures | 771M | 462M | 571M | 442M | 508.3M | 383.4M | |
| Net Income | 6.9B | 10.0B | 10.2B | 7.4B | 8.5B | 5.3B | |
| End Period Cash Flow | 11.1B | 9.7B | 11.1B | 10.2B | 11.7B | 12.3B | |
| Investments | (56.5B) | 16.5B | (8.8B) | (30.0B) | (27.0B) | (25.7B) | |
| Net Borrowings | 1.5B | (354M) | (1.1B) | 1.8B | 2.0B | 2.1B | |
| Change To Netincome | 2.8B | 4.6B | 2.2B | 2.4B | 2.8B | 2.7B |
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
| 0.73 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.82 | AMZN | Amazon CDR | PairCorr |
| 0.97 | JPM | JPMorgan Chase | PairCorr |
Moving against Bank Stock
| 0.86 | AAPL | Apple Inc CDR | 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 Bank of Nova Scotia Valuation and Bank of Nova Scotia Correlation analysis. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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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