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 Cash Per Share and its Ev To Sales 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.
Cash Per Share vs Ev To Sales
Cash Per Share vs Ev To Sales Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bank of Nova Scotia Cash Per Share account and
Ev To Sales. At this time, the significance of the direction appears to have strong relationship.
The correlation between Bank of Nova Scotia's Cash Per Share and Ev To Sales is 0.71. Overlapping area represents the amount of variation of Cash Per Share that can explain the historical movement of Ev To Sales 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 Cash Per Share and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash Per Share of Bank of Nova are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Cash Per Share i.e., Bank of Nova Scotia's Cash Per Share and Ev To Sales go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash Per Share
Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.
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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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.