BNS Stock | | | USD 55.84 0.01 0.02% |
Bank of Nova Scotia financial indicator trend analysis is way more than just evaluating Bank of Nova Scotia prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Nova Scotia is a good investment. Please check the relationship between Bank of Nova Scotia Capex To Revenue and its Pocfratio accounts. 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.
Capex To Revenue vs Pocfratio
Capex To Revenue vs Pocfratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bank of Nova Scotia Capex To Revenue account and
Pocfratio. At this time, the significance of the direction appears to have no relationship.
The correlation between Bank of Nova Scotia's Capex To Revenue and Pocfratio is 0.07. Overlapping area represents the amount of variation of Capex To Revenue that can explain the historical movement of Pocfratio in the same time period over historical financial statements of Bank of Nova, assuming nothing else is changed. The correlation between historical values of Bank of Nova Scotia's Capex To Revenue and Pocfratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Revenue of Bank of Nova are associated (or correlated) with its Pocfratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pocfratio has no effect on the direction of Capex To Revenue i.e., Bank of Nova Scotia's Capex To Revenue and Pocfratio go up and down completely randomly.
Correlation Coefficient | 0.07 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.
Pocfratio
Most indicators from Bank of Nova Scotia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Nova Scotia current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.
At this time, Bank of Nova Scotia's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 2.4
B in 2024, despite the fact that
Discontinued Operations is likely to grow to (20.8
M).
Bank of Nova Scotia fundamental ratios Correlations
Click cells to compare fundamentals
Bank of Nova Scotia Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bank of Nova Scotia fundamental ratios Accounts
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