Bank Of Nova Stock Profit Margin
| BNS Stock | CAD 79.85 0.05 0.06% |
Bank of Nova fundamentals help investors to digest information that contributes to Bank of Nova Scotia's financial success or failures. It also enables traders to predict the movement of Bank Stock. The fundamental analysis module provides a way to measure Bank of Nova Scotia's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bank of Nova Scotia stock.
| Last Reported | Projected for Next Year | ||
| Net Profit Margin | 0.23 | 0.21 |
Bank | Profit Margin |
Bank of Nova Company Profit Margin Analysis
Bank of Nova Scotia's Profit Margin measures overall efficiency of a company and shows its ability to withstand competition as well as defend against adverse conditions such as rising costs, falling prices, decline in sales or management distress. Profit margin tells investors how well the company executes on its overall pricing strategies as well as how effective the company in controlling its costs.
Current Bank of Nova Scotia Profit Margin | 0.25 % |
Most of Bank of Nova Scotia's fundamental indicators, such as Profit 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.
Bank Profit Margin Driver Correlations
Understanding the fundamental principles of building solid financial models for Bank of Nova Scotia is extremely important. It helps to project a fair market value of Bank Stock properly, considering its historical fundamentals such as Profit Margin. Since Bank of Nova Scotia's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Bank of Nova Scotia's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Bank of Nova Scotia's interrelated accounts and indicators.
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In a nutshell, Profit Margin indicator shows the amount of money the company makes from total sales or revenue. It can provide a good insight into companies in the same sector, as well as help to identify trends of a company from year to year.
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Bank Pretax Profit Margin
Pretax Profit Margin |
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Based on the latest financial disclosure, Bank of Nova has a Profit Margin of 0.2538%. This is 97.82% lower than that of the Banks sector and significantly higher than that of the Financials industry. The profit margin for all Canada stocks is 119.98% lower than that of the firm.
Bank Profit Margin Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bank of Nova Scotia's direct or indirect competition against its Profit Margin to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Bank of Nova Scotia could also be used in its relative valuation, which is a method of valuing Bank of Nova Scotia by comparing valuation metrics of similar companies.Bank of Nova Scotia is currently under evaluation in profit margin category among its peers.
Bank of Nova Scotia ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Bank of Nova Scotia's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Bank of Nova Scotia's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Bank Fundamentals
| Return On Equity | 0.0949 | ||||
| Return On Asset | 0.0055 | ||||
| Profit Margin | 0.25 % | ||||
| Operating Margin | 0.32 % | ||||
| Current Valuation | (48.66 B) | ||||
| Shares Outstanding | 1.24 B | ||||
| Shares Owned By Insiders | 0.03 % | ||||
| Shares Owned By Institutions | 51.51 % | ||||
| Number Of Shares Shorted | 36.09 M | ||||
| Price To Earning | 13.40 X | ||||
| Price To Book | 1.36 X | ||||
| Price To Sales | 3.34 X | ||||
| Revenue | 31.79 B | ||||
| Gross Profit | 29.8 B | ||||
| EBITDA | 11.46 B | ||||
| Net Income | 7.41 B | ||||
| Cash And Equivalents | 383.37 B | ||||
| Cash Per Share | 321.37 X | ||||
| Total Debt | 313.81 B | ||||
| Debt To Equity | 0.14 % | ||||
| Book Value Per Share | 65.87 X | ||||
| Cash Flow From Operations | 31.72 B | ||||
| Short Ratio | 8.69 X | ||||
| Earnings Per Share | 5.71 X | ||||
| Price To Earnings To Growth | 1.35 X | ||||
| Target Price | 79.58 | ||||
| Number Of Employees | 89.24 K | ||||
| Beta | 0.98 | ||||
| Market Capitalization | 98.8 B | ||||
| Total Asset | 1.41 T | ||||
| Retained Earnings | 55.75 B | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 4.81 % | ||||
| Net Asset | 1.41 T | ||||
| Last Dividend Paid | 4.24 |
About Bank of Nova Scotia Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bank of Nova's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bank of Nova Scotia using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bank of Nova based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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
| 0.79 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
| 0.87 | RY | Royal Bank Earnings Call This Week | PairCorr |
| 0.75 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
| 0.76 | TD-PFI | Toronto Dominion Bank Earnings Call This Week | PairCorr |
Moving against Bank Stock
| 0.35 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Nova. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.