Bank Of Nova Stock Alpha and Beta Analysis
| BNS Stock | USD 46.57 0.05 0.11% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Bank of Nova. It also helps investors analyze the systematic and unsystematic risks associated with investing in Bank of Nova Scotia over a specified time horizon. Remember, high Bank of Nova Scotia's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Bank of Nova Scotia's market risk premium analysis include:
Beta 1.19 | Alpha (0.04) | Risk 1.09 | Sharpe Ratio 0.0507 | Expected Return 0.0554 |
Enterprise Value |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Bank |
Bank of Nova Scotia Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Bank of Nova Scotia market risk premium is the additional return an investor will receive from holding Bank of Nova Scotia long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Bank of Nova Scotia. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Bank of Nova Scotia's performance over market.| α | -0.04 | β | 1.19 |
Bank of Nova Scotia expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Bank of Nova Scotia's Buy-and-hold return. Our buy-and-hold chart shows how Bank of Nova Scotia performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Bank of Nova Scotia Market Price Analysis
Market price analysis indicators help investors to evaluate how Bank of Nova Scotia stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bank of Nova Scotia shares will generate the highest return on investment. By understating and applying Bank of Nova Scotia stock market price indicators, traders can identify Bank of Nova Scotia position entry and exit signals to maximize returns.
Bank of Nova Scotia Return and Market Media
The median price of Bank of Nova Scotia for the period between Sat, Jan 20, 2024 and Fri, Apr 19, 2024 is 47.48 with a coefficient of variation of 3.81. The daily time series for the period is distributed with a sample standard deviation of 1.82, arithmetic mean of 47.63, and mean deviation of 1.64. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
| Bank of Nova Scotia dividend paid on 29th of January 2024 | 01/29/2024 |
1 | Pearl River Capital LLC Has 881,000 Position in BCE Inc. | 02/21/2024 |
2 | Q1 2024 Bank of Nova Scotia Earnings Call Transcript | 02/28/2024 |
3 | Bank of Nova Scotia Raises Stake in Alphabet Inc. | 03/04/2024 |
4 | Trilogy Capital Inc. Purchases 590 Shares of AvalonBay Communities, Inc. | 03/11/2024 |
5 | Dynamic Funds announces March 2024 cash distributions for Dynamic Active ETFs | 03/18/2024 |
6 | UPDATE 1-Canadas big banks say sustainable finance pledges may not curtail emission growth | 03/20/2024 |
7 | Dynamic Funds announces capping of three funds | 03/26/2024 |
8 | Bank of Nova Scotias Dividend Analysis | 04/01/2024 |
9 | Faulty inflation forecasts hold Bank of Canada back on rate cuts | 04/08/2024 |
10 | Scotiabank CEO flags elections in US, Mexico undermining decision making | 04/09/2024 |
11 | UPDATE 1-Lawmakers in Peru pass latest pension withdrawal proposal | 04/12/2024 |
12 | Tanger Announces the Amendment, Increase and Extension of its Unsecured Lines of Credit | 04/15/2024 |
13 | Dynamic Funds announces April 2024 cash distributions for Dynamic Active ETFs | 04/18/2024 |
About Bank of Nova Scotia Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Bank or other stocks. Alpha measures the amount that position in Bank of Nova Scotia has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 (projected) | Dividend Yield | 0.0648 | 0.0808 | 0.0929 | Price To Sales Ratio | 2.54 | 2.11 | 1.9 |
Bank of Nova Scotia Upcoming Company Events
As portrayed in its financial statements, the presentation of Bank of Nova Scotia's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Bank of Nova Scotia's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Bank of Nova Scotia's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Bank of Nova Scotia. Please utilize our Beneish M Score to check the likelihood of Bank of Nova Scotia's management manipulating its earnings.
| 27th of February 2024 Upcoming Quarterly Report | View | |
| 22nd of May 2024 Next Financial Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View | |
| 26th of November 2024 Next Fiscal Year End | View | |
| 31st of October 2023 Last Quarter Report | View | |
| 31st of October 2023 Last Financial Announcement | View |
Build Portfolio with Bank of Nova Scotia
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Bank of Nova Scotia Backtesting, Bank of Nova Scotia Valuation, Bank of Nova Scotia Correlation, Bank of Nova Scotia Hype Analysis, Bank of Nova Scotia Volatility, Bank of Nova Scotia History and analyze Bank of Nova Scotia Performance. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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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Bank of Nova Scotia technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.