JohnKeverich
Long

Long BNS based USDCAD correlation

NYSE:BNS   BANK NOVA SCOTIA HALIFAX PFD 3 ORDINARY SHARES
28 0 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.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out