Bank of Nova Scotia has
performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.8326, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Bank of Nova Scotia's beta means in this case. As returns on the market increase, Bank of Nova Scotia returns are expected to increase less than the market. However, during the bear market, the loss on holding Bank of Nova Scotia will be expected to be smaller as well. Although it is extremely important to respect
Bank of Nova Scotia historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing
future performance of any stock is to evaluate the business as a whole together with its past performance, including all
available fundamental and
technical indicators. By analyzing
Bank of Nova Scotia technical indicators, you can presently evaluate if the expected return of 0.0815% will be sustainable into the future.
Bank of Nova Scotia right now shows a risk of 0.87%. Please confirm Bank of Nova Scotia
semi variance, and the
relationship between the
treynor ratio and
daily balance of power to decide if Bank of Nova Scotia will be following its
price patterns.
What is the right price you would pay to acquire a share of Bank of Nova Scotia? For most investors, it would be the price that gives them a wide margin of safety to have minimal downside risk. In other words, most investors are always looking for undervalued stocks. Even if the
future performance is not entirely as expected, the loss of holding it is minimized, and the downside risk is negated. Please read more on our
stock advisor page.
What is happening with Bank of Nova this year
Annual and quarterly reports issued by Bank of Nova are formal
financial statements that are published yearly and quarterly and sent to Bank stockholders. The reports show and break down the current year's ongoing operations and discuss plans for the upcoming year. Annual reports have been a requirement from the
Securities and Exchange Commission (SEC) for businesses owned by the public since 1934.
Companies such as Bank of Nova Scotia often view their annual report as an effective marketing tool to disseminate their perspective on company
future earnings or innovations. With this in mind, many companies devote large sums of money to making their reports attractive and informative. In such instances, the annual report becomes a forum through which a company can communicate to the general public any number of topics that may or may not be directly related to the actual data published in the reports.
Bank of Nova Scotia Gross Profit
Bank of Nova Scotia Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Bank of Nova Scotia previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Bank of Nova Scotia Gross Profit growth over the last 10 years. Please check Bank of Nova Scotia's
gross profit and other
fundamental indicators for more details.
Breaking it down a bit more
Earning per share calculations of Bank of Nova Scotia is based on official Zacks consensus of 4 analysts regarding Bank of Nova Scotia's future annual earnings. Given the historical accuracy of 94.55%, the future earnings per share of the company is estimated to be 6.02 with the lowest and highest values of 5.97 and 6.06, respectively. Please note that this consensus of annual earnings estimates for the firm is an estimate of EPS before non-recurring items and including employee stock options expenses.
Is Bank of Nova Scotia a risky opportunity?
Let's check the volatility. Bank of Nova Scotia is looking slightly risky at this time. Whether you invest your money or manage your clients' funds, remember that it is easy to forget that behind Bank of Nova Scotia (NYSE:BNS) stock is an actual business venture. So, do not let stock picking become an abstract concept by ignoring the elementary risk calculations. buying a share of a Bank of Nova Scotia stock makes you a part-owner of that company.
Bank Of Nova Current Consensus
Here is the latest trade recommendation based on an ongoing consensus estimate among financial analysis covering Bank of Nova Scotia. The Bank of Nova Scotia consensus assessment is calculated by taking the average estimates from all of the analysts covering Bank of Nova Scotia
| Strong Buy | 2 | 25.0 |
| Buy | 3 | 37.5 |
| Hold | 3 | 37.5 |
| Sell | 0 | 0.0 |
| Strong Sell | 0 | 0.0 |
Will Bank of Nova Scotia fall impact its fundamentals?
Latest expected short fall indicator falls down to -0.77. Possible price gain? Bank Of Nova has low volatility with Treynor Ratio of 0.02, Maximum Drawdown of 3.87 and kurtosis of 0.17. However, we advice all investors to further analyze Bank Of Nova to make certain all market information is desiminated and is consistent with the current expectations about Bank of Nova Scotia upside potential. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Bank of Nova Scotia's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Bank of Nova Scotia's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
Bank of Nova Scotia Implied Volatility
Bank of Nova Scotia's implied volatility exposes the market's sentiment of Bank Of Nova stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Bank of Nova Scotia's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Bank of Nova Scotia stock will not fluctuate a lot when Bank of Nova Scotia's options are near their expiration.
Our Final Take On Bank of Nova Scotia
While some other firms within the banks—diversified industry are still a little expensive, even after the recent corrections, Bank of Nova Scotia may offer a potential longer-term growth to retail investors. While some retail investors may not share our view, we believe it may be a good time to increase your existing holdings in Bank of Nova Scotia. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Bank of Nova Scotia.
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Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Bank of Nova. Please refer to our
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