BNS Forecast + Trading Strategies


Bullish Case: BNS benefits from improving macroeconomic conditions and strategic focus on North America, potentially recovering previous highs with a strong 6.9% dividend yield that attracts value investors.


Bearish Case: Continued underperformance due to reliance on volatile markets could hinder growth, compounded by rising provisions for credit losses and management's evolving strategy causing uncertainty.


Potential Outcomes:

1) Strategic recovery leads to a 30% chance of growth;

2) Continued volatility in South American operations poses a 40% risk;

3) Dividend appeal attracts investors with 20% probability;

4) Major market downturn leads to a 10% risk of declines.


Trading Oracle: Engage in a bullish credit spread by selling the $45 put and buying the $40 put, targeting a 69% probability of profit with a risk-reward ratio of 1:0.1. Expect positive cash flow from dividends to bolster price stability over the next few months.


July 26, 2024


Bank Of Nova Scotia Forecast

BNS      Bank Of Nova Scotia











Correlated Assets

Assets that tend to move strongly with BNS



HOG Forecast + Options Trading Strategies   HOG  Harley-Davidson (0.86)


LOW Forecast + Options Trading Strategies   LOW  Lowe's Cos. (0.81)


URTY Forecast + Options Trading Strategies   URTY  ProShares UltraPro Russell2000 (0.81)


UGI Forecast + Options Trading Strategies   UGI  UGI (0.81)


IQV Forecast + Options Trading Strategies   IQV  IQVIA (0.8)



Uncorrelated Assets

Assets with little price relationship to BNS



ASHR Forecast + Options Trading Strategies   ASHR  Xtrackers Harvest CSI 300 China A-Shares (-0.0)


LSPD Forecast + Options Trading Strategies   LSPD  Lightspeed Commerce Inc (Sub Voting) (0.0)


FIVN Forecast + Options Trading Strategies   FIVN  Five9 (-0.0)


BCRX Forecast + Options Trading Strategies   BCRX  Biocryst Pharmaceuticals (0.0)


COO Forecast + Options Trading Strategies   COO  Cooper Companies (0.0)



Anticorrelated Assets

Assets that tend to move strongly against BNS



LNG Forecast + Options Trading Strategies   LNG  Cheniere Energy (-0.56)


HUM Forecast + Options Trading Strategies   HUM  Humana (-0.58)


SARK Forecast + Options Trading Strategies   SARK  Tuttle Capital Short Innovation (-0.62)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.65)


RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.68)





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