Bank Of Nova Stock Probability of Future Stock Price Finishing Over 54.7

BNS Stock  USD 51.81  0.65  1.27%   
Bank of Nova Scotia's implied volatility is one of the determining factors in the pricing options written on Bank Of Nova. Implied volatility approximates the future value of Bank of Nova Scotia based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Bank Of Nova over a specific time period. For example, 2024-04-19 CALL at $50.0 is a CALL option contract on Bank of Nova Scotia's common stock with a strick price of 50.0 expiring on 2024-04-19. The contract was last traded on 2024-03-27 at 15:35:25 for $1.1 and, as of today, has 22 days remaining before the expiration. The option is currently trading at a bid price of $1.1, and an ask price of $1.25. The implied volatility as of the 28th of March is 9.59. View All Bank options

Closest to current price Bank long CALL Option Payoff at Expiration

Bank of Nova Scotia's future price is the expected price of Bank of Nova Scotia instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Bank Of Nova performance during a given time horizon utilizing its historical volatility. Check out Bank of Nova Scotia Backtesting, Bank of Nova Scotia Valuation, Bank of Nova Scotia Correlation, Bank of Nova Scotia Hype Analysis, Bank of Nova Scotia Volatility, Bank of Nova Scotia History as well as Bank of Nova Scotia Performance.
  
At this time, Bank of Nova Scotia's Price To Sales Ratio is comparatively stable compared to the past year. Price Book Value Ratio is likely to gain to 1.17 in 2024, despite the fact that Price Earnings To Growth Ratio is likely to grow to (0.33). Please specify Bank of Nova Scotia's target price for which you would like Bank of Nova Scotia odds to be computed.

Bank of Nova Scotia Target Price Odds to finish over 54.7

The tendency of Bank Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move over $ 54.70  or more in 90 days
 51.81 90 days 54.70 
near 1
Based on a normal probability distribution, the odds of Bank of Nova Scotia to move over $ 54.70  or more in 90 days from now is near 1 (This Bank Of Nova probability density function shows the probability of Bank Stock to fall within a particular range of prices over 90 days) . Probability of Bank of Nova Scotia price to stay between its current price of $ 51.81  and $ 54.70  at the end of the 90-day period is near 1 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.12 suggesting Bank Of Nova market returns are related to returns on the market. As the market goes up or down, Bank of Nova Scotia is expected to follow. Additionally Bank Of Nova has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   Bank of Nova Scotia Price Density   
       Price  

Predictive Modules for Bank of Nova Scotia

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bank of Nova Scotia. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bank of Nova Scotia's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
50.1351.1552.17
Details
Intrinsic
Valuation
LowRealHigh
49.1450.1651.18
Details
Naive
Forecast
LowNextHigh
49.5850.5951.61
Details
15 Analysts
Consensus
LowTargetHigh
46.0550.6056.17
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bank of Nova Scotia. Your research has to be compared to or analyzed against Bank of Nova Scotia's peers to derive any actionable benefits. When done correctly, Bank of Nova Scotia's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Bank of Nova Scotia.

Bank of Nova Scotia Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Bank of Nova Scotia is not an exception. The market had few large corrections towards the Bank of Nova Scotia's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Bank Of Nova, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bank of Nova Scotia within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.0026
β
Beta against NYSE Composite1.12
σ
Overall volatility
1.53
Ir
Information ratio 0.01

Bank of Nova Scotia Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Bank of Nova Scotia for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bank of Nova Scotia can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Bank of Nova Scotia has a poor financial position based on the latest SEC disclosures
Latest headline from finance.yahoo.com: 2 Incredibly Cheap Dividend Stocks to Buy Now

Bank of Nova Scotia Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Bank Stock often depends not only on the future outlook of the current and potential Bank of Nova Scotia's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Bank of Nova Scotia's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding1.2 B
Cash And Short Term Investments140.8 B

Bank of Nova Scotia Technical Analysis

Bank of Nova Scotia's future price can be derived by breaking down and analyzing its technical indicators over time. Bank Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bank Of Nova. In general, you should focus on analyzing Bank Stock price patterns and their correlations with different microeconomic environments and drivers.

Bank of Nova Scotia Predictive Forecast Models

Bank of Nova Scotia's time-series forecasting models is one of many Bank of Nova Scotia's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Bank of Nova Scotia's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Bank of Nova Scotia

Checking the ongoing alerts about Bank of Nova Scotia for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bank of Nova Scotia help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Bank of Nova Scotia has a poor financial position based on the latest SEC disclosures
Latest headline from finance.yahoo.com: 2 Incredibly Cheap Dividend Stocks to Buy Now
When determining whether Bank of Nova Scotia is a strong investment it is important to analyze Bank of Nova Scotia's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bank of Nova Scotia's future performance. For an informed investment choice regarding Bank Stock, refer to the following important reports:

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When running Bank of Nova Scotia's price analysis, check to measure Bank of Nova Scotia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of Nova Scotia is operating at the current time. Most of Bank of Nova Scotia's value examination focuses on studying past and present price action to 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.
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Is Bank of Nova Scotia's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bank of Nova Scotia. If investors know Bank will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bank of Nova Scotia listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.246
Dividend Share
4.21
Earnings Share
4.49
Revenue Per Share
24.448
Quarterly Revenue Growth
0.02
The market value of Bank of Nova Scotia is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of Nova Scotia's value that differs from its market value or its book value, called intrinsic value, which is Bank of Nova Scotia's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bank of Nova Scotia's market value can be influenced by many factors that don't directly affect Bank of Nova Scotia's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bank of Nova Scotia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of Nova Scotia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of Nova Scotia's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.