Bullish Case: BNS maintains steady dividend yields and presents a strong international presence, recently showing recovery and investments in high-growth markets which could propel positive sentiment and growth.


Bearish Case: Global economic uncertainty, potential underperformance continuing from the past, and pressures from digital transformation lag could dampen investor confidence, leading to bearish trends.


Potential Outcomes:

1. Positive earnings surprise (25%), driven by growth in emerging markets.

2. Neutral as dividend yields sustain appeal (50%), with mean-reverting price action.

3. Bearish downturn due to strategic uncertainty (25%).


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March 30, 2024


Bank Of Nova Scotia Forecast

BNS        Bank Of Nova Scotia
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with BNS



ZBRA Forecast + Options Trading Strategies   [ZBRA]  Zebra (0.87)


EDC Forecast + Options Trading Strategies   [EDC]  Direxion Daily Emerging Markets Bull 3X Sh (0.87)


NOTV Forecast + Options Trading Strategies   [NOTV]  Inotiv (0.86)


EW Forecast + Options Trading Strategies   [EW]  Edwards Lifesciences (0.86)


JANX Forecast + Options Trading Strategies   [JANX]  Janux Therapeutics (0.85)



Uncorrelated Stock Forecasts

Assets with little price relationship to BNS



AXON Forecast + Options Trading Strategies   [AXON]  Axon Enterprise (-0.0)


SIG Forecast + Options Trading Strategies   [SIG]  Signet Jewelers (0.0)


FLNG Forecast + Options Trading Strategies   [FLNG]  Flex Lng (-0.0)


MET Forecast + Options Trading Strategies   [MET]  Metlife (-0.0)


SLG Forecast + Options Trading Strategies   [SLG]  SL Green Realty (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against BNS



DLO Forecast + Options Trading Strategies   [DLO]  DLocal (-0.63)


TBT Forecast + Options Trading Strategies   [TBT]  PowerShares UltraShort Lehman 20+ Yea (-0.69)


TDS Forecast + Options Trading Strategies   [TDS]  Telephone And Data Systems (-0.71)


LNG Forecast + Options Trading Strategies   [LNG]  Cheniere Energy (-0.72)


UUUU Forecast + Options Trading Strategies   [UUUU]  Energy Fuels (-0.76)





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