Bank of Nova Scotia Variance
| BNS Stock | | | CAD 93.61 -0.89 -0.94% |
This module presents the Variance indicator for Bank of Nova using available market inputs. The
Equity Screeners framework provides wider technical analysis context. Bank of Nova Scotia has a market cap of 115.73 B, operating margin of 37.49%, ROE of 10.33%. Use
Trending Equities to explore allocation context. This includes a position in Bank of Nova. The allocation reflects this within the position set. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Bank of Nova has current Variance of 0.9814. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.
Variance | = | SUM(RET DEV)2N |
| = | 0.9814 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Variance Relative To Other Indicators
Bank of Nova is rated
below average in variance compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
4.26 in Maximum Drawdown for each unit of Variance. The spread between Maximum Drawdown and Variance for Bank of Nova sits at
4.26 Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
Compare Bank of Nova Scotia to Peers
Other Technical Indicators