Bank of Nova Scotia

Closing Price Returns, percent

DATE S&P/TSX Bank of Nova Scotia S&P/TSX Bank of Nova Scotia
01-Jan-20 $17,318.50 $58.30 Source for S&P/TSX Index Price Data:
01-Feb-20 $16,263.10 $56.54 -6.09% -3.02% Yahoo Finance Canada (ca.finance.yahoo.com)
01-Mar-20 $13,378.80 $46.35 -17.74% -18.02% Source for Company Price Data:
01-Apr-20 $14,780.70 $45.76 10.48% -1.28% Yahoo Finance Canada (ca.finance.yahoo.com)
01-May-20 $15,192.80 $45.24 2.79% -1.14% Formula for returns:
01-Jun-20 $15,515.20 $46.07 2.12% 1.83% r = ((P2-P1) / P1) * 100
01-Jul-20 $16,169.20 $45.84 4.22% -0.50% Sample return calculation:
01-Aug-20 $16,514.40 $46.97 2.13% 2.47% r = ((46.07-45.24) / 45.24) * 100 = 1.83%
01-Sep-20 $16,121.40 $46.10 -2.38% -1.85%
01-Oct-20 $15,580.60 $46.87 -3.35% 1.67%
01-Nov-20 $17,190.30 $53.52 10.33% 14.19%
01-Dec-20 $17,433.40 $58.26 1.41% 8.86%
01-Jan-21 $17,337.00 $58.52 -0.55% 0.45%
01-Feb-21 $18,060.30 $63.84 4.17% 9.09%
01-Mar-21 $18,700.70 $67.46 3.55% 5.67%
01-Apr-21 $19,108.30 $67.93 2.18% 0.70%
01-May-21 $19,731.00 $70.49 3.26% 3.77%
01-Jun-21 $20,165.60 $69.97 2.20% -0.74%
01-Jul-21 $20,287.80 $68.35 0.61% -2.32%
01-Aug-21 $20,582.90 $68.59 1.45% 0.35%
01-Sep-21 $20,070.30 $68.43 -2.49% -0.23%
01-Oct-21 $21,037.10 $72.04 4.82% 5.28%
01-Nov-21 $20,660.00 $70.83 -1.79% -1.68%
01-Dec-21 $21,222.80 $80.39 2.72% 13.50%
01-Jan-22 $21,098.30 $82.19 -0.59% 2.24%
01-Feb-22 $21,126.40 $82.45 0.13% 0.32%
01-Mar-22 $21,890.20 $80.43 3.62% -2.45%
01-Apr-22 $20,762.00 $73.86 -5.15% -8.17%
01-May-22 $20,729.30 $77.88 -0.16% 5.44%
01-Jun-22 $18,861.40 $69.16 -9.01% -11.20%
01-Jul-22 $19,692.90 $70.82 4.41% 2.40%
01-Aug-22 $19,330.80 $65.93 -1.84% -6.90%
01-Sep-22 $18,444.20 $59.65 -4.59% -9.53%
01-Oct-22 $19,462.10 $60.74 5.52% 1.83%
01-Nov-22 $20,453.30 $64.73 5.09% 6.57%
01-Dec-22 $19,384.90 $61.19 -5.22% -5.47%
01-Jan-23 $20,767.40 $67.48 7.13% 10.30%
01-Feb-23 $20,221.20 $63.18 -2.63% -6.37%
01-Mar-23 $20,099.90 $63.77 -0.60% 0.93%
01-Apr-23 $20,636.50 $64.34 2.67% 0.89%
01-May-23 $19,572.20 $62.38 -5.16% -3.05%
01-Jun-23 $20,155.30 $63.05 2.98% 1.07%
01-Jul-23 $20,626.60 $64.19 2.34% 1.81%
01-Aug-23 $20,292.60 $61.99 -1.62% -3.43%
01-Sep-23 $19,541.30 $59.88 -3.70% -3.40%
01-Oct-23 $18,873.50 $55.23 -3.42% -7.77%
01-Nov-23 $20,236.30 $59.70 7.22% 8.09%
01-Dec-23 $20,958.40 $63.44 3.57% 6.26%

Standard Deviation S&P/TSX Index Returns 0.049985901 (=)STDEV(D6:D52)

Standard Deviation Bank of Nova Scotia Returns 0.062183277 (=)STDEV(E6:E52)
Correlation of TSX and Bank of Nova Scotia Returns
0.785856977 (=)CORREL(D6:D52,E6:E52)
Beta 0.631709532 (=)SLOPE(D6:D52,E6:E52)
Risk-Free Rate 5.04% 29-Dec-23 Bank of Canada (bankofcanada.ca)
Market Risk Premium 7.00%
Expected Rate of Return 9.46% r = rf + B(MRP) r = 0.0504 + 0.631709532(0.07)

Returns for Bank of Nova Scotia and S&P/TSX

20.00%

15.00%

10.00%

5.00%
S&P/TSX

0.00%
-20.00% -15.00% -10.00% -5.00% 0.00% 5.00% 10.00% 15.00%

-5.00%

-10.00%

-15.00%

-20.00%

Bank of Nova Scotia