Bank of Nova Scotia Buy Hold or Sell Recommendation

BNS -- USA Stock  

USD 51.40  0.13  0.25%

Considering 30-days investment horizon, and your above average risk tolerance our recommendation regarding Bank Nova Scotia Halifax Pfd 3 is 'Strong Hold'. Macroaxis provides Bank of Nova Scotia buy hold or sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding BNS positions. The advice algorithm takes into account all of Bank of Nova Scotia available fundamental, technical, and predictive indicators you will find on this site. The advice is provided from BNS buy-and-hold prospective. Check also Bank of Nova Scotia Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for muliple equity instruments please use Instant Ratings tool.

Time Horizon

Risk Tolerance

Symbol
Execute Advice
Sell Bank of Nova ScotiaBuy Bank of Nova Scotia
Strong Hold

Volatility

Hype Condition

Current Valuation

Odds of Distress

Economic Sensitivity

Analyst Consensus

Piotroski F Score

Financial Leverage

For the selected time horizon Bank Nova Scotia Halifax Pfd 3 has a risk adjusted performance of (0.16), jensen alpha of (0.10), total risk alpha of (0.09), sortino ratio of 0.0 and treynor ratio of (0.25)
Macroaxis buy, hold, or sell recommendation tool can be used to complement Bank of Nova Scotia buy or sell advice provided by experts. It analyzes the organization potential to grow against your specific risk preferences and investment horizon. To make sure Bank of Nova Scotia is not overpriced, please confirm all Bank of Nova Scotia fundamentals including its Cash per Share, and the relationship between Revenue and Short Ratio . Given that Bank of Nova Scotia has Price to Earning of 10.03X, we suggest you validate Bank Nova Scotia Halifax Pfd 3 market performance and probability of bankruptcy to make sure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Bank of Nova Scotia Trading Alerts and Improvement Suggestions

Bank of Nova Scotia generates negative expected return over the last 30 days
BANK OF NOVA SCOT has about 221.92B in cash with (16.93B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 180.86.
Roughly 55.0% of the company shares are held by institutions such as insurance companies

Bank of Nova Scotia current analysts recommendations

Target Median Price71.17
Target Mean Price71.51
Recommendation Mean1.80
Target High Price74.01
Number Of Analyst Opinions4
Target Low Price69.67

Bank of Nova Scotia Returns Distribution Density

Mean Return0.12Value At Risk1.01
Potential Upside0.81Standard Deviation0.69
 Return Density 
      Distribution 

Institutional Investors

Security TypeSharesValue
Royal Bank Of CanadaCommon Shares108.4 M5.9 B
Bank Of MontrealCommon Shares49 M2.7 B
Td Asset Management IncCommon Shares35.6 M1.9 B
Vanguard Group IncCommon Shares34.8 M1.9 B
Toronto Dominion BankCommon Shares27.6 M1.5 B
Cibc World Markets IncCommon Shares21.1 M1.1 B
Mackenzie Financial CorpCommon Shares20.2 M1.1 B

Bank of Nova Scotia Greeks

α
Alpha over DOW
=0.1
β
Beta against DOW=0.52
σ
Overall volatility
=0.69
Ir
Information ratio =0.11

Bank of Nova Scotia Volatility Alert

Bank Nova Scotia Halifax Pfd 3 exhibits very low volatility with skewness of -1.08 and kurtosis of 2.95. However, we advise investors to further study Bank Nova Scotia Halifax Pfd 3 technical indicators to make sure all market info is available and is reliable.
    
 Better Than Average     
    
 Worse Than Average Compare Bank of Nova Scotia to competition

Bank of Nova Scotia Fundamental Vs Peers

FundamentalsBank of Nova ScotiaPeer Average
Return On Equity13.07% (0.31)%
Return On Asset0.88% (0.14)%
Profit Margin31.50% (1.27)%
Current Valuation62.36B16.62B
Shares Owned by Insiders0.02% 10.09%
Shares Owned by Institutions55.38% 39.21%
Number of Shares Shorted5.76M4.71M
Price to Earning10.03X28.72X
Price to Book1.34X9.51X
Price to Sales3.44X11.42X
Revenue19.67B9.43B
Gross Profit26.16B27.38B
EBITDA7.18B3.9B
Net Income6.29B570.98M
Cash and Equivalents221.92B2.7B
Cash per Share180.86X5.01X
Total Debt108.94B5.32B
Debt to Equity14.91% 48.70%
Book Value Per Share38.35X1.93K
Cash Flow from Operations(16.93B)971.22M
Short Ratio9.04X4.00X
Earnings Per Share5.12X3.12X
Price to Earnings To Growth2.60X4.89X
Number of Employees99.68K18.84K
Beta0.94-0.15
Market Capitalization61.89B19.03B
Total Asset896.27B29.47B
Retained Earnings18.43B9.33B
Five Year Return4.27%
Last Dividend Paid2.64
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