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.
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 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.