Laurentian Bank shares dive as Scotiabank, TD drop out of pool of buyers - Financial Post
| BNS Stock | CAD 77.13 0.12 0.16% |
About 61% of Bank of Nova Scotia's investor base is looking to short. The analysis of overall sentiment of trading Bank of Nova stock suggests that many investors are alarmed at this time. Bank of Nova Scotia's investing sentiment overview a quick insight into current market opportunities from investing in Bank of Nova. Many technical investors use Bank of Nova Scotia stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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Laurentian Bank shares dive as Scotiabank, TD drop out of pool of buyers Financial Post
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Bank of Nova Scotia Fundamental Analysis
We analyze Bank of Nova Scotia'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 Scotia 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Bank of Nova Scotia is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Bank of Nova Scotia Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bank of Nova Scotia stock to make a market-neutral strategy. 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 with similar companies.
Peers
Bank of Nova Scotia Related Equities
| TD | Toronto Dominion | 1.67 | ||||
| RY | Royal Bank | 0.95 | ||||
| ENB | Enbridge | 0.61 | ||||
| CM | Canadian Imperial | 0.23 | ||||
| BMO | Bank of Montreal | 0.73 |
Check out Bank of Nova Scotia Hype Analysis, Bank of Nova Scotia Correlation and Bank of Nova Scotia Performance. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.