JohnKeverich

Long BNS based USDCAD correlation

Long
NYSE:BNS   BANK OF NOVA SCOTIA
77 views
0
BNS has been tightly correlated with CAD since July 2014. Specifically, the relationship appears to be:

(daily % change in BNS ) = 2x(daily % change in CADUSD )

CAD itself is correlated with oil .

I originally planned to buy CAD for an upcoming oil rally. But I ended up buying BNS instead. It pays a 5% dividend.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out