Bank Financial Statements From 2010 to 2025
| BNS Stock | CAD 100.04 0.65 0.65% |
Check Bank of Nova Scotia financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Bank of Nova Scotia's main balance sheet or income statement drivers, such as , as well as many indicators such as . Bank financial statements analysis is a perfect complement when working with Bank of Nova Scotia Valuation or Volatility modules.
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Bank of Nova Company Operating Margin Analysis
Bank of Nova Scotia's Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current Bank of Nova Scotia Operating Margin | 0.39 % |
Most of Bank of Nova Scotia's fundamental indicators, such as Operating Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Bank of Nova is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
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Based on the recorded statements, Bank of Nova has an Operating Margin of 0.3918%. This is 97.88% lower than that of the Banks sector and significantly higher than that of the Financials industry. The operating margin for all Canada stocks is 107.11% lower than that of the firm.
Bank of Nova Scotia Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Bank of Nova Scotia's current stock value. Our valuation model uses many indicators to compare Bank of Nova Scotia value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Bank of Nova Scotia competition to find correlations between indicators driving Bank of Nova Scotia's intrinsic value. More Info.Bank of Nova is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers reporting about 0.06 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Bank of Nova is roughly 16.65 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Bank of Nova Scotia by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Bank of Nova Scotia's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Bank of Nova Scotia Financial Statements
Bank of Nova Scotia investors utilize fundamental indicators, such as revenue or net income, to predict how Bank Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada. Bank of Nova Scotia operates under Banking classification in Canada and is traded on Toronto Stock Exchange. It employs 90978 people.
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
Moving against Bank Stock
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 the analysis of Bank of Nova Scotia Correlation against competitors. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.