Bank Nova Scotia Halifax Pfd 3 vs The Bank of New York Mellon Corporation
Why these are rivals: #1 and #2 by market value ($112B vs $97B) with SEC SIC 6022 (State Commercial Banks).
Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.
- Co-movement: daily return correlation, 252 sessions: 0.44 (needs >= 0.60)
- Mean reversion: ADF t-statistic of the spread: -1.87 (needs <= -2.873 (5% critical value))
Business size
Annual revenue reported to the SEC. Scale, not market share.
| Year | BNS | BNY | Larger |
|---|---|---|---|
| 2025 | - | $20.1B | - |
| 2024 | - | $18.6B | - |
| 2023 | - | $17.7B | - |
| 2022 | - | $16.5B | - |
| 2021 | - | $15.9B | - |
| 2020 | - | $15.8B | - |
Market value: BNS $111.8B, BNY $96.6B.
BNS is ahead now
Measured against the pair's own last 252 trading days.
BNS leads BNY by 1.57 standard deviations: +7.8% over its usual price ratio. 2 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| BNS | +7.4% | +24.6% | +45.2% |
| BNY | -8.6% | +7.3% | +35.8% |
Not a measured twin today
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 2521 (needs >= 254)
- Fail
- Co-movement: daily return correlation, 252 sessions: 0.43 (needs >= 0.60)
- Fail
- Mean reversion: ADF t-statistic of the spread: -1.87 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 18.57 (needs <= 63)
- Data
- Both stocks current
Prices side by side, and the gap between them
Data table (504 sessions)
| Date | BNS index | BNY index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 174.47 | 189.54 | +1.57 | BNS ahead |
| 2026-10-21 | 175.57 | 190.23 | +1.64 | BNS ahead |
| 2026-10-20 | 172.36 | 188.14 | +1.50 | BNS ahead |
| 2026-10-19 | 170.23 | 185.78 | +1.51 | BNS ahead |
| 2026-10-16 | 171.09 | 186.90 | +1.51 | BNS ahead |
| 2026-10-15 | 170.19 | 185.33 | +1.59 | BNS ahead |
| 2026-10-14 | 168.19 | 179.52 | +2.04 | BNS ahead |
| 2026-10-13 | 168.45 | 183.94 | +1.56 | BNS ahead |
| 2026-10-12 | 165.86 | 186.32 | +0.95 | BNS ahead |
| 2026-10-09 | 165.20 | 186.14 | +0.89 | BNS ahead |
| 2026-10-08 | 163.60 | 187.31 | +0.55 | BNS ahead |
| 2026-10-07 | 162.92 | 186.15 | +0.59 | BNS ahead |
| 2026-10-06 | 168.51 | 187.47 | +1.17 | BNS ahead |
| 2026-10-05 | 168.62 | 187.49 | +1.19 | BNS ahead |
| 2026-10-02 | 170.32 | 189.64 | +1.17 | BNS ahead |
| 2026-10-01 | 169.35 | 187.71 | +1.27 | BNS ahead |
| 2026-09-30 | 169.67 | 188.64 | +1.22 | BNS ahead |
| 2026-09-29 | 172.71 | 191.70 | +1.26 | BNS ahead |
| 2026-09-28 | 173.23 | 193.61 | +1.12 | BNS ahead |
| 2026-09-25 | 174.60 | 195.84 | +1.05 | BNS ahead |
| 2026-09-24 | 172.26 | 195.89 | +0.75 | BNS ahead |
| 2026-09-23 | 172.30 | 195.00 | +0.86 | BNS ahead |
| 2026-09-22 | 175.68 | 195.87 | +1.20 | BNS ahead |
| 2026-09-21 | 178.09 | 200.72 | +0.96 | BNS ahead |
| 2026-09-18 | 175.70 | 200.59 | +0.68 | BNS ahead |
| 2026-09-17 | 175.76 | 199.58 | +0.80 | BNS ahead |
| 2026-09-16 | 173.63 | 200.17 | +0.46 | near the usual relationship |
| 2026-09-15 | 174.22 | 201.73 | +0.36 | near the usual relationship |
| 2026-09-14 | 174.51 | 205.63 | -0.03 | near the usual relationship |
| 2026-09-11 | 174.54 | 212.16 | -0.73 | BNY ahead |
| 2026-09-10 | 173.40 | 212.06 | -0.87 | BNY ahead |
| 2026-09-09 | 172.04 | 211.96 | -1.04 | BNY ahead |
| 2026-09-08 | 173.40 | 212.40 | -0.92 | BNY ahead |
| 2026-09-04 | 175.23 | 215.00 | -0.96 | BNY ahead |
| 2026-09-03 | 177.29 | 214.33 | -0.64 | BNY ahead |
| 2026-09-02 | 174.28 | 211.35 | -0.71 | BNY ahead |
| 2026-09-01 | 170.32 | 209.35 | -1.02 | BNY ahead |
| 2026-08-31 | 171.20 | 210.36 | -1.01 | BNY ahead |
| 2026-08-28 | 172.56 | 211.95 | -1.01 | BNY ahead |
| 2026-08-27 | 173.57 | 211.61 | -0.85 | BNY ahead |
| 2026-08-26 | 174.80 | 212.70 | -0.80 | BNY ahead |
| 2026-08-25 | 173.89 | 213.45 | -0.99 | BNY ahead |
| 2026-08-24 | 162.23 | 211.48 | -2.36 | BNY ahead |
| 2026-08-21 | 163.56 | 206.72 | -1.67 | BNY ahead |
| 2026-08-20 | 161.45 | 205.09 | -1.79 | BNY ahead |
| 2026-08-19 | 163.78 | 208.37 | -1.83 | BNY ahead |
| 2026-08-18 | 168.34 | 213.81 | -1.80 | BNY ahead |
| 2026-08-17 | 170.62 | 214.26 | -1.53 | BNY ahead |
| 2026-08-14 | 170.97 | 212.91 | -1.34 | BNY ahead |
| 2026-08-13 | 169.31 | 211.62 | -1.42 | BNY ahead |
| 2026-08-12 | 168.71 | 212.51 | -1.59 | BNY ahead |
| 2026-08-11 | 165.97 | 209.10 | -1.58 | BNY ahead |
| 2026-08-10 | 165.41 | 207.94 | -1.53 | BNY ahead |
| 2026-08-07 | 165.95 | 205.57 | -1.19 | BNY ahead |
| 2026-08-06 | 164.96 | 207.15 | -1.49 | BNY ahead |
| 2026-08-05 | 165.39 | 207.04 | -1.42 | BNY ahead |
| 2026-08-04 | 162.74 | 204.54 | -1.51 | BNY ahead |
| 2026-08-03 | 164.92 | 203.73 | -1.11 | BNY ahead |
| 2026-07-31 | 164.92 | 203.90 | -1.13 | BNY ahead |
| 2026-07-30 | 164.06 | 203.57 | -1.20 | BNY ahead |
| 2026-07-29 | 160.70 | 198.90 | -1.14 | BNY ahead |
| 2026-07-28 | 165.00 | 204.11 | -1.13 | BNY ahead |
| 2026-07-27 | 162.27 | 205.78 | -1.68 | BNY ahead |
| 2026-07-24 | 162.50 | 207.26 | -1.83 | BNY ahead |
| 2026-07-23 | 161.77 | 208.83 | -2.11 | BNY ahead |
| 2026-07-22 | 163.56 | 209.20 | -1.92 | BNY ahead |
| 2026-07-21 | 163.19 | 207.24 | -1.76 | BNY ahead |
| 2026-07-20 | 162.61 | 204.68 | -1.57 | BNY ahead |
| 2026-07-17 | 167.03 | 204.94 | -0.99 | BNY ahead |
| 2026-07-16 | 167.43 | 209.81 | -1.47 | BNY ahead |
| 2026-07-15 | 168.64 | 211.75 | -1.53 | BNY ahead |
| 2026-07-14 | 166.21 | 201.51 | -0.73 | BNY ahead |
| 2026-07-13 | 164.36 | 197.30 | -0.51 | BNY ahead |
| 2026-07-10 | 163.60 | 198.15 | -0.71 | BNY ahead |
| 2026-07-09 | 160.74 | 198.59 | -1.17 | BNY ahead |
| 2026-07-08 | 158.59 | 195.83 | -1.17 | BNY ahead |
| 2026-07-07 | 161.00 | 199.44 | -1.25 | BNY ahead |
| 2026-07-06 | 162.66 | 195.59 | -0.57 | BNY ahead |
| 2026-07-02 | 159.51 | 191.24 | -0.51 | BNY ahead |
| 2026-07-01 | 163.15 | 190.45 | +0.10 | near the usual relationship |
| 2026-06-30 | 163.15 | 188.61 | +0.33 | near the usual relationship |
| 2026-06-29 | 161.75 | 187.56 | +0.26 | near the usual relationship |
| 2026-06-26 | 160.93 | 187.24 | +0.18 | near the usual relationship |
| 2026-06-25 | 161.49 | 189.68 | -0.04 | near the usual relationship |
| 2026-06-24 | 159.32 | 187.24 | -0.05 | near the usual relationship |
| 2026-06-23 | 161.36 | 192.11 | -0.35 | near the usual relationship |
| 2026-06-22 | 162.31 | 191.00 | -0.08 | near the usual relationship |
| 2026-06-18 | 162.55 | 187.34 | +0.39 | near the usual relationship |
| 2026-06-17 | 161.32 | 190.52 | -0.17 | near the usual relationship |
| 2026-06-16 | 159.77 | 188.40 | -0.14 | near the usual relationship |
| 2026-06-15 | 158.05 | 185.86 | -0.07 | near the usual relationship |
| 2026-06-12 | 156.87 | 187.79 | -0.49 | near the usual relationship |
| 2026-06-11 | 154.45 | 185.33 | -0.54 | BNY ahead |
| 2026-06-10 | 152.33 | 182.27 | -0.48 | near the usual relationship |
| 2026-06-09 | 152.60 | 186.84 | -1.01 | BNY ahead |
| 2026-06-08 | 151.16 | 184.92 | -1.00 | BNY ahead |
| 2026-06-05 | 150.47 | 185.72 | -1.22 | BNY ahead |
| 2026-06-04 | 152.02 | 187.84 | -1.25 | BNY ahead |
| 2026-06-03 | 149.91 | 183.34 | -1.02 | BNY ahead |
| 2026-06-02 | 150.62 | 184.27 | -1.03 | BNY ahead |
| 2026-06-01 | 146.82 | 185.98 | -1.86 | BNY ahead |
| 2026-05-29 | 149.51 | 181.86 | -0.92 | BNY ahead |
| 2026-05-28 | 149.03 | 183.33 | -1.19 | BNY ahead |
| 2026-05-27 | 150.69 | 182.26 | -0.79 | BNY ahead |
| 2026-05-26 | 150.17 | 183.97 | -1.10 | BNY ahead |
| 2026-05-22 | 149.01 | 181.49 | -0.96 | BNY ahead |
| 2026-05-21 | 148.36 | 181.27 | -1.04 | BNY ahead |
| 2026-05-20 | 147.46 | 178.90 | -0.87 | BNY ahead |
| 2026-05-19 | 144.32 | 177.80 | -1.23 | BNY ahead |
| 2026-05-18 | 144.30 | 178.14 | -1.28 | BNY ahead |
| 2026-05-15 | 143.97 | 176.11 | -1.07 | BNY ahead |
| 2026-05-14 | 144.43 | 177.36 | -1.16 | BNY ahead |
| 2026-05-13 | 142.79 | 176.07 | -1.27 | BNY ahead |
| 2026-05-12 | 144.38 | 174.04 | -0.73 | BNY ahead |
| 2026-05-11 | 143.89 | 172.81 | -0.64 | BNY ahead |
| 2026-05-08 | 144.81 | 170.21 | -0.13 | near the usual relationship |
| 2026-05-07 | 145.85 | 170.46 | +0.00 | near the usual relationship |
| 2026-05-06 | 146.53 | 174.31 | -0.42 | near the usual relationship |
| 2026-05-05 | 143.20 | 172.64 | -0.74 | BNY ahead |
| 2026-05-04 | 143.01 | 172.01 | -0.69 | BNY ahead |
| 2026-05-01 | 145.69 | 174.49 | -0.60 | BNY ahead |
| 2026-04-30 | 145.31 | 175.26 | -0.77 | BNY ahead |
| 2026-04-29 | 141.30 | 172.52 | -1.07 | BNY ahead |
| 2026-04-28 | 143.28 | 174.18 | -0.97 | BNY ahead |
| 2026-04-27 | 142.68 | 175.39 | -1.25 | BNY ahead |
| 2026-04-24 | 141.41 | 174.84 | -1.40 | BNY ahead |
| 2026-04-23 | 140.01 | 176.63 | -1.90 | BNY ahead |
| 2026-04-22 | 140.34 | 177.23 | -1.94 | BNY ahead |
| 2026-04-21 | 141.71 | 179.89 | -2.09 | BNY ahead |
| 2026-04-20 | 143.41 | 176.56 | -1.37 | BNY ahead |
| 2026-04-17 | 143.00 | 176.21 | -1.40 | BNY ahead |
| 2026-04-16 | 140.08 | 175.87 | -1.87 | BNY ahead |
| 2026-04-15 | 140.75 | 172.11 | -1.23 | BNY ahead |
| 2026-04-14 | 139.11 | 170.22 | -1.26 | BNY ahead |
| 2026-04-13 | 137.69 | 168.45 | -1.26 | BNY ahead |
| 2026-04-10 | 136.18 | 166.38 | -1.24 | BNY ahead |
| 2026-04-09 | 134.82 | 167.71 | -1.70 | BNY ahead |
| 2026-04-08 | 133.25 | 166.87 | -1.88 | BNY ahead |
| 2026-04-07 | 130.56 | 162.54 | -1.75 | BNY ahead |
| 2026-04-06 | 131.25 | 161.25 | -1.42 | BNY ahead |
| 2026-04-02 | 130.97 | 159.29 | -1.16 | BNY ahead |
| 2026-04-01 | 131.10 | 157.78 | -0.89 | BNY ahead |
| 2026-03-31 | 129.45 | 154.73 | -0.72 | BNY ahead |
| 2026-03-30 | 125.87 | 150.23 | -0.68 | BNY ahead |
| 2026-03-27 | 126.47 | 149.55 | -0.44 | near the usual relationship |
| 2026-03-26 | 128.07 | 152.15 | -0.55 | BNY ahead |
| 2026-03-25 | 130.65 | 153.89 | -0.34 | near the usual relationship |
| 2026-03-24 | 129.60 | 153.78 | -0.52 | BNY ahead |
| 2026-03-23 | 129.36 | 151.77 | -0.23 | near the usual relationship |
| 2026-03-20 | 127.27 | 149.92 | -0.33 | near the usual relationship |
| 2026-03-19 | 128.39 | 149.86 | -0.10 | near the usual relationship |
| 2026-03-18 | 130.35 | 149.55 | +0.32 | near the usual relationship |
| 2026-03-17 | 131.25 | 151.45 | +0.18 | near the usual relationship |
| 2026-03-16 | 130.78 | 150.49 | +0.25 | near the usual relationship |
| 2026-03-13 | 128.41 | 151.52 | -0.36 | near the usual relationship |
| 2026-03-12 | 130.56 | 152.76 | -0.15 | near the usual relationship |
| 2026-03-11 | 133.19 | 152.76 | +0.34 | near the usual relationship |
| 2026-03-10 | 133.62 | 150.54 | +0.78 | BNS ahead |
| 2026-03-09 | 132.37 | 150.12 | +0.63 | BNS ahead |
| 2026-03-06 | 134.63 | 150.29 | +1.02 | BNS ahead |
| 2026-03-05 | 136.22 | 152.22 | +1.00 | BNS ahead |
| 2026-03-04 | 138.92 | 154.42 | +1.14 | BNS ahead |
| 2026-03-03 | 137.21 | 153.84 | +0.93 | BNS ahead |
| 2026-03-02 | 141.13 | 155.82 | +1.31 | BNS ahead |
| 2026-02-27 | 141.48 | 155.34 | +1.46 | BNS ahead |
| 2026-02-26 | 143.39 | 158.61 | +1.29 | BNS ahead |
| 2026-02-25 | 141.80 | 156.92 | +1.29 | BNS ahead |
| 2026-02-24 | 140.79 | 152.02 | +1.91 | BNS ahead |
| 2026-02-23 | 141.74 | 150.70 | +2.31 | BNS ahead |
| 2026-02-20 | 144.36 | 154.15 | +2.24 | BNS ahead |
| 2026-02-19 | 142.32 | 154.12 | +1.91 | BNS ahead |
| 2026-02-18 | 141.86 | 155.85 | +1.57 | BNS ahead |
| 2026-02-17 | 142.36 | 154.95 | +1.82 | BNS ahead |
| 2026-02-13 | 141.39 | 153.57 | +1.90 | BNS ahead |
| 2026-02-12 | 141.65 | 149.88 | +2.60 | BNS ahead |
| 2026-02-11 | 144.17 | 158.73 | +1.60 | BNS ahead |
| 2026-02-10 | 145.27 | 164.93 | +0.82 | BNS ahead |
| 2026-02-09 | 144.99 | 166.44 | +0.54 | BNS ahead |
| 2026-02-06 | 142.58 | 162.15 | +0.78 | BNS ahead |
| 2026-02-05 | 140.64 | 157.18 | +1.24 | BNS ahead |
| 2026-02-04 | 139.52 | 158.24 | +0.87 | BNS ahead |
| 2026-02-03 | 140.75 | 155.63 | +1.54 | BNS ahead |
| 2026-02-02 | 140.46 | 158.61 | +0.99 | BNS ahead |
| 2026-01-30 | 139.56 | 156.41 | +1.20 | BNS ahead |
| 2026-01-29 | 142.73 | 158.46 | +1.45 | BNS ahead |
| 2026-01-28 | 140.57 | 155.08 | +1.63 | BNS ahead |
| 2026-01-27 | 142.40 | 155.04 | +2.00 | BNS ahead |
| 2026-01-26 | 140.25 | 155.24 | +1.57 | BNS ahead |
| 2026-01-23 | 139.84 | 153.40 | +1.82 | BNS ahead |
| 2026-01-22 | 138.96 | 156.75 | +1.08 | BNS ahead |
| 2026-01-21 | 137.84 | 156.20 | +0.96 | BNS ahead |
| 2026-01-20 | 136.87 | 157.40 | +0.56 | BNS ahead |
| 2026-01-16 | 137.22 | 158.25 | +0.48 | near the usual relationship |
| 2026-01-15 | 137.37 | 161.69 | -0.08 | near the usual relationship |
| 2026-01-14 | 136.35 | 162.50 | -0.41 | near the usual relationship |
| 2026-01-13 | 135.73 | 160.34 | -0.19 | near the usual relationship |
| 2026-01-12 | 135.15 | 157.38 | +0.16 | near the usual relationship |
| 2026-01-09 | 135.02 | 155.26 | +0.45 | near the usual relationship |
| 2026-01-08 | 136.16 | 156.58 | +0.43 | near the usual relationship |
| 2026-01-07 | 134.53 | 157.10 | +0.05 | near the usual relationship |
| 2026-01-06 | 134.89 | 158.22 | -0.07 | near the usual relationship |
| 2026-01-05 | 139.56 | 157.87 | +0.72 | BNS ahead |
| 2026-01-02 | 139.20 | 152.65 | +1.37 | BNS ahead |
| 2025-12-31 | 137.64 | 151.42 | +1.28 | BNS ahead |
| 2025-12-30 | 138.16 | 152.43 | +1.19 | BNS ahead |
| 2025-12-29 | 138.06 | 153.22 | +1.05 | BNS ahead |
| 2025-12-26 | 138.53 | 153.22 | +1.09 | BNS ahead |
| 2025-12-24 | 138.36 | 154.19 | +0.92 | BNS ahead |
| 2025-12-23 | 137.69 | 152.89 | +0.96 | BNS ahead |
| 2025-12-22 | 136.37 | 152.94 | +0.74 | BNS ahead |
| 2025-12-19 | 135.49 | 151.09 | +0.83 | BNS ahead |
| 2025-12-18 | 134.55 | 149.28 | +0.91 | BNS ahead |
| 2025-12-17 | 133.51 | 148.12 | +0.89 | BNS ahead |
| 2025-12-16 | 136.03 | 149.15 | +1.09 | BNS ahead |
| 2025-12-15 | 136.37 | 152.55 | +0.70 | BNS ahead |
| 2025-12-12 | 135.92 | 152.64 | +0.61 | BNS ahead |
| 2025-12-11 | 136.20 | 154.79 | +0.39 | near the usual relationship |
| 2025-12-10 | 135.69 | 154.40 | +0.35 | near the usual relationship |
| 2025-12-09 | 134.72 | 151.21 | +0.58 | BNS ahead |
| 2025-12-08 | 133.92 | 149.26 | +0.69 | BNS ahead |
| 2025-12-05 | 133.92 | 148.72 | +0.74 | BNS ahead |
| 2025-12-04 | 131.66 | 148.62 | +0.45 | near the usual relationship |
| 2025-12-03 | 131.32 | 147.50 | +0.52 | BNS ahead |
| 2025-12-02 | 131.77 | 146.18 | +0.71 | BNS ahead |
| 2025-12-01 | 128.07 | 145.83 | +0.27 | near the usual relationship |
| 2025-11-28 | 129.42 | 146.21 | +0.39 | near the usual relationship |
| 2025-11-26 | 128.82 | 145.28 | +0.40 | near the usual relationship |
| 2025-11-25 | 126.73 | 142.34 | +0.45 | near the usual relationship |
| 2025-11-24 | 124.37 | 140.95 | +0.30 | near the usual relationship |
| 2025-11-21 | 124.54 | 138.82 | +0.54 | BNS ahead |
| 2025-11-20 | 123.96 | 138.85 | +0.45 | near the usual relationship |
| 2025-11-19 | 124.86 | 140.22 | +0.40 | near the usual relationship |
| 2025-11-18 | 126.63 | 140.21 | +0.61 | BNS ahead |
| 2025-11-17 | 125.78 | 139.26 | +0.60 | BNS ahead |
| 2025-11-14 | 125.98 | 144.10 | +0.11 | near the usual relationship |
| 2025-11-13 | 125.64 | 144.83 | -0.01 | near the usual relationship |
| 2025-11-12 | 126.69 | 146.92 | -0.11 | near the usual relationship |
| 2025-11-11 | 124.69 | 145.10 | -0.16 | near the usual relationship |
| 2025-11-10 | 125.57 | 144.72 | -0.03 | near the usual relationship |
| 2025-11-07 | 124.58 | 143.00 | +0.02 | near the usual relationship |
| 2025-11-06 | 123.01 | 141.41 | -0.01 | near the usual relationship |
| 2025-11-05 | 122.34 | 141.76 | -0.13 | near the usual relationship |
| 2025-11-04 | 122.81 | 140.86 | +0.00 | near the usual relationship |
| 2025-11-03 | 122.69 | 140.94 | -0.02 | near the usual relationship |
| 2025-10-31 | 122.53 | 140.77 | -0.03 | near the usual relationship |
| 2025-10-30 | 122.64 | 140.76 | -0.02 | near the usual relationship |
| 2025-10-29 | 121.95 | 139.62 | +0.00 | near the usual relationship |
| 2025-10-28 | 123.14 | 141.45 | -0.05 | near the usual relationship |
| 2025-10-27 | 121.83 | 140.32 | -0.09 | near the usual relationship |
| 2025-10-24 | 120.99 | 140.85 | -0.24 | near the usual relationship |
| 2025-10-23 | 120.41 | 139.14 | -0.15 | near the usual relationship |
| 2025-10-22 | 119.87 | 139.60 | -0.26 | near the usual relationship |
| 2025-10-21 | 120.17 | 139.56 | -0.23 | near the usual relationship |
| 2025-10-20 | 119.65 | 141.52 | -0.47 | near the usual relationship |
| 2025-10-17 | 119.07 | 138.23 | -0.23 | near the usual relationship |
| 2025-10-16 | 119.50 | 139.19 | -0.28 | near the usual relationship |
| 2025-10-15 | 120.49 | 142.08 | -0.45 | near the usual relationship |
| 2025-10-14 | 119.80 | 139.70 | -0.31 | near the usual relationship |
| 2025-10-13 | 119.33 | 138.65 | -0.27 | near the usual relationship |
| 2025-10-10 | 118.47 | 136.35 | -0.16 | near the usual relationship |
| 2025-10-09 | 118.70 | 139.32 | -0.41 | near the usual relationship |
| 2025-10-08 | 118.25 | 138.27 | -0.37 | near the usual relationship |
| 2025-10-07 | 119.87 | 139.47 | -0.32 | near the usual relationship |
| 2025-10-06 | 122.10 | 138.82 | -0.04 | near the usual relationship |
| 2025-10-03 | 121.87 | 139.04 | -0.09 | near the usual relationship |
| 2025-10-02 | 121.52 | 138.75 | -0.11 | near the usual relationship |
| 2025-10-01 | 120.64 | 139.34 | -0.26 | near the usual relationship |
| 2025-09-30 | 120.75 | 142.12 | -0.48 | near the usual relationship |
| 2025-09-29 | 120.97 | 143.15 | -0.55 | BNY ahead |
| 2025-09-26 | 120.27 | 142.86 | -0.60 | BNY ahead |
| 2025-09-25 | 120.23 | 142.27 | -0.56 | BNY ahead |
| 2025-09-24 | 119.69 | 141.01 | -0.52 | BNY ahead |
| 2025-09-23 | 120.23 | 141.72 | -0.53 | BNY ahead |
| 2025-09-22 | 120.36 | 142.77 | -0.61 | BNY ahead |
| 2025-09-19 | 121.27 | 141.79 | -0.45 | near the usual relationship |
| 2025-09-18 | 120.73 | 141.54 | -0.49 | near the usual relationship |
| 2025-09-17 | 120.73 | 139.57 | -0.35 | near the usual relationship |
| 2025-09-16 | 121.03 | 137.59 | -0.17 | near the usual relationship |
| 2025-09-15 | 119.54 | 138.80 | -0.40 | near the usual relationship |
| 2025-09-12 | 118.38 | 138.88 | -0.52 | BNY ahead |
| 2025-09-11 | 120.06 | 137.73 | -0.29 | near the usual relationship |
| 2025-09-10 | 119.31 | 135.65 | -0.20 | near the usual relationship |
| 2025-09-09 | 119.14 | 136.65 | -0.30 | near the usual relationship |
| 2025-09-08 | 119.44 | 135.67 | -0.21 | near the usual relationship |
| 2025-09-05 | 118.49 | 135.24 | -0.26 | near the usual relationship |
| 2025-09-04 | 118.70 | 137.68 | -0.43 | near the usual relationship |
| 2025-09-03 | 117.39 | 136.53 | -0.47 | near the usual relationship |
| 2025-09-02 | 116.01 | 136.56 | -0.59 | BNY ahead |
| 2025-08-29 | 116.66 | 137.73 | -0.63 | BNY ahead |
| 2025-08-28 | 116.53 | 138.39 | -0.69 | BNY ahead |
| 2025-08-27 | 115.30 | 136.99 | -0.71 | BNY ahead |
| 2025-08-26 | 114.70 | 136.42 | -0.72 | BNY ahead |
| 2025-08-25 | 107.06 | 134.50 | -1.27 | BNY ahead |
| 2025-08-22 | 107.64 | 133.74 | -1.17 | BNY ahead |
| 2025-08-21 | 105.73 | 132.75 | -1.29 | BNY ahead |
| 2025-08-20 | 105.92 | 132.06 | -1.23 | BNY ahead |
| 2025-08-19 | 105.83 | 131.84 | -1.23 | BNY ahead |
| 2025-08-18 | 106.20 | 132.70 | -1.27 | BNY ahead |
| 2025-08-15 | 106.07 | 131.73 | -1.22 | BNY ahead |
| 2025-08-14 | 105.79 | 134.80 | -1.48 | BNY ahead |
| 2025-08-13 | 105.83 | 132.92 | -1.35 | BNY ahead |
| 2025-08-12 | 105.36 | 135.14 | -1.57 | BNY ahead |
| 2025-08-11 | 104.71 | 134.69 | -1.62 | BNY ahead |
| 2025-08-08 | 104.59 | 134.46 | -1.63 | BNY ahead |
| 2025-08-07 | 104.15 | 133.31 | -1.60 | BNY ahead |
| 2025-08-06 | 103.81 | 133.42 | -1.65 | BNY ahead |
| 2025-08-05 | 103.90 | 131.29 | -1.50 | BNY ahead |
| 2025-08-04 | 104.58 | 132.27 | -1.52 | BNY ahead |
| 2025-08-01 | 103.55 | 130.18 | -1.47 | BNY ahead |
| 2025-07-31 | 103.87 | 132.32 | -1.62 | BNY ahead |
| 2025-07-30 | 104.59 | 133.43 | -1.65 | BNY ahead |
| 2025-07-29 | 104.50 | 132.87 | -1.63 | BNY ahead |
| 2025-07-28 | 105.06 | 131.25 | -1.47 | BNY ahead |
| 2025-07-25 | 105.75 | 131.63 | -1.44 | BNY ahead |
| 2025-07-24 | 105.92 | 130.39 | -1.34 | BNY ahead |
| 2025-07-23 | 106.14 | 129.95 | -1.29 | BNY ahead |
| 2025-07-22 | 105.30 | 128.99 | -1.31 | BNY ahead |
| 2025-07-21 | 103.77 | 128.60 | -1.44 | BNY ahead |
| 2025-07-18 | 103.08 | 128.92 | -1.55 | BNY ahead |
| 2025-07-17 | 102.82 | 127.72 | -1.49 | BNY ahead |
| 2025-07-16 | 102.86 | 124.55 | -1.24 | BNY ahead |
| 2025-07-15 | 101.79 | 124.12 | -1.32 | BNY ahead |
| 2025-07-14 | 101.94 | 124.23 | -1.32 | BNY ahead |
| 2025-07-11 | 101.89 | 122.24 | -1.17 | BNY ahead |
| 2025-07-10 | 102.93 | 122.16 | -1.07 | BNY ahead |
| 2025-07-09 | 102.33 | 121.36 | -1.07 | BNY ahead |
| 2025-07-08 | 102.45 | 120.89 | -1.03 | BNY ahead |
| 2025-07-07 | 102.43 | 121.63 | -1.10 | BNY ahead |
| 2025-07-03 | 103.38 | 120.56 | -0.92 | BNY ahead |
| 2025-07-02 | 102.97 | 120.11 | -0.93 | BNY ahead |
| 2025-07-01 | 103.98 | 118.23 | -0.68 | BNY ahead |
| 2025-06-30 | 103.23 | 118.83 | -0.81 | BNY ahead |
| 2025-06-27 | 102.43 | 118.93 | -0.91 | BNY ahead |
| 2025-06-26 | 102.91 | 117.44 | -0.74 | BNY ahead |
| 2025-06-25 | 101.34 | 117.39 | -0.89 | BNY ahead |
| 2025-06-24 | 101.51 | 118.95 | -1.02 | BNY ahead |
| 2025-06-23 | 101.14 | 116.90 | -0.89 | BNY ahead |
| 2025-06-20 | 101.18 | 119.50 | -1.11 | BNY ahead |
| 2025-06-18 | 101.42 | 119.47 | -1.09 | BNY ahead |
| 2025-06-17 | 101.61 | 117.09 | -0.88 | BNY ahead |
| 2025-06-16 | 102.48 | 118.03 | -0.88 | BNY ahead |
| 2025-06-13 | 101.44 | 115.56 | -0.78 | BNY ahead |
| 2025-06-12 | 101.44 | 117.01 | -0.91 | BNY ahead |
| 2025-06-11 | 100.58 | 116.81 | -0.98 | BNY ahead |
| 2025-06-10 | 101.06 | 117.39 | -0.99 | BNY ahead |
| 2025-06-09 | 100.99 | 117.40 | -1.00 | BNY ahead |
| 2025-06-06 | 100.67 | 117.80 | -1.07 | BNY ahead |
| 2025-06-05 | 100.17 | 115.53 | -0.94 | BNY ahead |
| 2025-06-04 | 99.79 | 115.21 | -0.96 | BNY ahead |
| 2025-06-03 | 99.59 | 116.50 | -1.09 | BNY ahead |
| 2025-06-02 | 99.93 | 116.06 | -1.03 | BNY ahead |
| 2025-05-30 | 99.96 | 115.57 | -1.00 | BNY ahead |
| 2025-05-29 | 99.48 | 116.17 | -1.10 | BNY ahead |
| 2025-05-28 | 97.48 | 115.82 | -1.26 | BNY ahead |
| 2025-05-27 | 98.49 | 117.69 | -1.33 | BNY ahead |
| 2025-05-23 | 97.48 | 116.20 | -1.31 | BNY ahead |
| 2025-05-22 | 96.41 | 116.32 | -1.43 | BNY ahead |
| 2025-05-21 | 96.26 | 115.95 | -1.43 | BNY ahead |
| 2025-05-20 | 96.47 | 117.52 | -1.54 | BNY ahead |
| 2025-05-19 | 96.64 | 117.82 | -1.56 | BNY ahead |
| 2025-05-16 | 96.15 | 117.48 | -1.59 | BNY ahead |
| 2025-05-15 | 96.00 | 116.59 | -1.55 | BNY ahead |
| 2025-05-14 | 95.33 | 114.70 | -1.47 | BNY ahead |
| 2025-05-13 | 94.64 | 114.69 | -1.55 | BNY ahead |
| 2025-05-12 | 94.42 | 113.60 | -1.49 | BNY ahead |
| 2025-05-09 | 93.86 | 112.05 | -1.43 | BNY ahead |
| 2025-05-08 | 93.56 | 111.52 | -1.43 | BNY ahead |
| 2025-05-07 | 93.56 | 109.50 | -1.27 | BNY ahead |
| 2025-05-06 | 93.39 | 108.14 | -1.19 | BNY ahead |
| 2025-05-05 | 93.89 | 107.19 | -1.07 | BNY ahead |
| 2025-05-02 | 94.04 | 107.13 | -1.06 | BNY ahead |
| 2025-05-01 | 93.07 | 105.53 | -1.02 | BNY ahead |
| 2025-04-30 | 93.35 | 104.88 | -0.95 | BNY ahead |
| 2025-04-29 | 92.47 | 104.40 | -1.00 | BNY ahead |
| 2025-04-28 | 91.93 | 102.92 | -0.93 | BNY ahead |
| 2025-04-25 | 91.15 | 102.58 | -0.98 | BNY ahead |
| 2025-04-24 | 90.70 | 102.67 | -1.04 | BNY ahead |
| 2025-04-23 | 90.53 | 101.38 | -0.95 | BNY ahead |
| 2025-04-22 | 90.04 | 99.53 | -0.85 | BNY ahead |
| 2025-04-21 | 88.64 | 96.57 | -0.73 | BNY ahead |
| 2025-04-17 | 88.66 | 99.57 | -1.00 | BNY ahead |
| 2025-04-16 | 87.99 | 98.77 | -1.00 | BNY ahead |
| 2025-04-15 | 87.58 | 101.43 | -1.28 | BNY ahead |
| 2025-04-14 | 87.54 | 101.11 | -1.26 | BNY ahead |
| 2025-04-11 | 86.03 | 101.30 | -1.43 | BNY ahead |
| 2025-04-10 | 84.95 | 99.92 | -1.43 | BNY ahead |
| 2025-04-09 | 86.83 | 103.50 | -1.55 | BNY ahead |
| 2025-04-08 | 83.30 | 95.87 | -1.26 | BNY ahead |
| 2025-04-07 | 83.23 | 96.63 | -1.35 | BNY ahead |
| 2025-04-04 | 87.28 | 95.62 | -0.87 | BNY ahead |
| 2025-04-03 | 90.34 | 104.23 | -1.31 | BNY ahead |
| 2025-04-02 | 88.76 | 109.85 | -1.91 | BNY ahead |
| 2025-04-01 | 87.54 | 109.26 | -1.99 | BNY ahead |
| 2025-03-31 | 88.59 | 109.39 | -1.92 | BNY ahead |
| 2025-03-28 | 89.15 | 107.88 | -1.76 | BNY ahead |
| 2025-03-27 | 90.29 | 110.19 | -1.85 | BNY ahead |
| 2025-03-26 | 91.03 | 110.98 | -1.86 | BNY ahead |
| 2025-03-25 | 91.05 | 111.19 | -1.89 | BNY ahead |
| 2025-03-24 | 90.29 | 110.47 | -1.92 | BNY ahead |
| 2025-03-21 | 89.65 | 108.97 | -1.88 | BNY ahead |
| 2025-03-20 | 89.84 | 109.47 | -1.91 | BNY ahead |
| 2025-03-19 | 90.08 | 109.43 | -1.90 | BNY ahead |
| 2025-03-18 | 90.31 | 107.79 | -1.77 | BNY ahead |
| 2025-03-17 | 91.07 | 107.50 | -1.69 | BNY ahead |
| 2025-03-14 | 89.56 | 106.63 | -1.77 | BNY ahead |
| 2025-03-13 | 88.18 | 103.90 | -1.70 | BNY ahead |
| 2025-03-12 | 88.87 | 105.33 | -1.76 | BNY ahead |
| 2025-03-11 | 88.77 | 105.71 | -1.81 | BNY ahead |
| 2025-03-10 | 89.30 | 109.87 | -2.11 | BNY ahead |
| 2025-03-07 | 90.29 | 111.96 | -2.20 | BNY ahead |
| 2025-03-06 | 89.93 | 110.46 | -2.14 | BNY ahead |
| 2025-03-05 | 90.74 | 112.90 | -2.28 | BNY ahead |
| 2025-03-04 | 90.55 | 111.57 | -2.22 | BNY ahead |
| 2025-03-03 | 92.17 | 115.23 | -2.38 | BNY ahead |
| 2025-02-28 | 92.70 | 116.02 | -2.42 | BNY ahead |
| 2025-02-27 | 92.81 | 113.33 | -2.24 | BNY ahead |
| 2025-02-26 | 94.08 | 112.61 | -2.09 | BNY ahead |
| 2025-02-25 | 93.13 | 113.15 | -2.25 | BNY ahead |
| 2025-02-24 | 94.56 | 114.79 | -2.27 | BNY ahead |
| 2025-02-21 | 94.32 | 113.80 | -2.24 | BNY ahead |
| 2025-02-20 | 95.50 | 113.68 | -2.15 | BNY ahead |
| 2025-02-19 | 95.01 | 115.18 | -2.34 | BNY ahead |
| 2025-02-18 | 95.31 | 115.95 | -2.41 | BNY ahead |
| 2025-02-14 | 95.69 | 114.57 | -2.30 | BNY ahead |
| 2025-02-13 | 95.57 | 113.32 | -2.24 | BNY ahead |
| 2025-02-12 | 95.33 | 111.28 | -2.12 | BNY ahead |
| 2025-02-11 | 95.20 | 111.52 | -2.18 | BNY ahead |
| 2025-02-10 | 94.53 | 110.90 | -2.22 | BNY ahead |
| 2025-02-07 | 95.07 | 112.36 | -2.32 | BNY ahead |
| 2025-02-06 | 95.13 | 112.69 | -2.38 | BNY ahead |
| 2025-02-05 | 94.28 | 111.83 | -2.43 | BNY ahead |
| 2025-02-04 | 93.72 | 110.68 | -2.42 | BNY ahead |
| 2025-02-03 | 92.40 | 111.11 | -2.64 | BNY ahead |
| 2025-01-31 | 95.57 | 112.08 | -2.43 | BNY ahead |
| 2025-01-30 | 96.86 | 112.82 | -2.40 | BNY ahead |
| 2025-01-29 | 96.99 | 112.22 | -2.37 | BNY ahead |
| 2025-01-28 | 97.44 | 112.61 | -2.39 | BNY ahead |
| 2025-01-27 | 97.37 | 112.04 | -2.38 | BNY ahead |
| 2025-01-24 | 96.97 | 111.90 | -2.45 | BNY ahead |
| 2025-01-23 | 96.62 | 110.51 | -2.39 | BNY ahead |
| 2025-01-22 | 96.10 | 109.99 | -2.44 | BNY ahead |
| 2025-01-21 | 96.79 | 110.77 | -2.48 | BNY ahead |
| 2025-01-17 | 95.03 | 108.63 | -2.50 | BNY ahead |
| 2025-01-16 | 96.56 | 107.28 | -2.22 | BNY ahead |
| 2025-01-15 | 96.73 | 107.00 | -2.20 | BNY ahead |
| 2025-01-14 | 95.76 | 99.05 | -1.47 | BNY ahead |
| 2025-01-13 | 94.49 | 99.27 | -1.65 | BNY ahead |
| 2025-01-10 | 95.83 | 98.37 | -1.41 | BNY ahead |
| 2025-01-08 | 96.54 | 101.67 | -1.70 | BNY ahead |
| 2025-01-07 | 97.14 | 101.68 | -1.65 | BNY ahead |
| 2025-01-06 | 100.30 | 101.63 | -1.30 | BNY ahead |
| 2025-01-03 | 99.72 | 100.34 | -1.23 | BNY ahead |
| 2025-01-02 | 100.19 | 100.97 | -1.26 | BNY ahead |
| 2024-12-31 | 100.34 | 100.21 | -1.16 | BNY ahead |
| 2024-12-30 | 100.67 | 100.57 | -1.17 | BNY ahead |
| 2024-12-27 | 100.41 | 101.17 | -1.27 | BNY ahead |
| 2024-12-26 | 100.35 | 102.19 | -1.40 | BNY ahead |
| 2024-12-24 | 100.11 | 101.80 | -1.39 | BNY ahead |
| 2024-12-23 | 100.19 | 101.17 | -1.32 | BNY ahead |
| 2024-12-20 | 100.13 | 101.24 | -1.35 | BNY ahead |
| 2024-12-19 | 99.78 | 99.66 | -1.22 | BNY ahead |
| 2024-12-18 | 99.79 | 98.89 | -1.15 | BNY ahead |
| 2024-12-17 | 102.24 | 102.32 | -1.26 | BNY ahead |
| 2024-12-16 | 102.61 | 103.14 | -1.32 | BNY ahead |
| 2024-12-13 | 103.51 | 102.82 | -1.20 | BNY ahead |
| 2024-12-12 | 103.19 | 103.78 | -1.34 | BNY ahead |
| 2024-12-11 | 104.30 | 103.91 | -1.25 | BNY ahead |
| 2024-12-10 | 104.28 | 105.15 | -1.39 | BNY ahead |
| 2024-12-09 | 104.24 | 105.14 | -1.40 | BNY ahead |
| 2024-12-06 | 104.17 | 105.01 | -1.41 | BNY ahead |
| 2024-12-05 | 104.18 | 106.29 | -1.55 | BNY ahead |
| 2024-12-04 | 103.31 | 104.59 | -1.48 | BNY ahead |
| 2024-12-03 | 102.32 | 105.45 | -1.68 | BNY ahead |
| 2024-12-02 | 106.03 | 105.79 | -1.35 | BNY ahead |
| 2024-11-29 | 106.50 | 106.78 | -1.41 | BNY ahead |
| 2024-11-27 | 105.94 | 106.61 | -1.46 | BNY ahead |
| 2024-11-26 | 105.01 | 106.00 | -1.50 | BNY ahead |
| 2024-11-25 | 105.60 | 105.93 | -1.45 | BNY ahead |
| 2024-11-22 | 105.44 | 104.53 | -1.33 | BNY ahead |
| 2024-11-21 | 105.01 | 102.88 | -1.22 | BNY ahead |
| 2024-11-20 | 105.16 | 101.57 | -1.08 | BNY ahead |
| 2024-11-19 | 104.84 | 101.23 | -1.08 | BNY ahead |
| 2024-11-18 | 103.18 | 102.58 | -1.39 | BNY ahead |
| 2024-11-15 | 100.73 | 102.11 | -1.61 | BNY ahead |
| 2024-11-14 | 100.50 | 101.17 | -1.54 | BNY ahead |
| 2024-11-13 | 100.06 | 101.23 | -1.61 | BNY ahead |
| 2024-11-12 | 100.78 | 101.67 | -1.59 | BNY ahead |
| 2024-11-11 | 100.97 | 102.62 | -1.68 | BNY ahead |
| 2024-11-08 | 100.73 | 100.51 | -1.50 | BNY ahead |
| 2024-11-07 | 101.05 | 101.33 | -1.57 | BNY ahead |
| 2024-11-06 | 99.44 | 102.00 | -1.81 | BNY ahead |
| 2024-11-05 | 99.23 | 99.14 | -1.55 | BNY ahead |
| 2024-11-04 | 99.07 | 97.82 | -1.44 | BNY ahead |
| 2024-11-01 | 96.94 | 98.23 | -1.72 | BNY ahead |
| 2024-10-31 | 96.17 | 98.29 | -1.83 | BNY ahead |
| 2024-10-30 | 97.59 | 99.03 | -1.77 | BNY ahead |
| 2024-10-29 | 97.53 | 99.86 | -1.88 | BNY ahead |
| 2024-10-28 | 97.09 | 99.79 | -1.94 | BNY ahead |
| 2024-10-25 | 96.71 | 98.08 | -1.81 | BNY ahead |
| 2024-10-24 | 97.95 | 99.78 | -1.87 | BNY ahead |
| 2024-10-23 | 97.91 | 99.61 | -1.87 | BNY ahead |
| 2024-10-22 | 98.23 | 99.01 | -1.79 | BNY ahead |
| 2024-10-21 | 98.80 | 98.97 | -1.74 | BNY ahead |
| 2024-10-18 | 100.00 | 100.00 | -1.73 | BNY ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Jan 15, 2025 (BNS +1.0%, BNY +8.0%); Apr 3, 2025 (BNS +1.8%, BNY -5.1%); Apr 7, 2025 (BNS -4.6%, BNY +1.1%); Aug 25, 2026 (BNS +7.2%, BNY +0.9%).
The shared paper book and the replay, kept apart
Forward paper record
No paper position on this pair yet.
Historical simulation (a diagnostic, same rules)
No simulated trade through Oct 20, 2026: the pair rarely passed every test while 2 standard deviations apart.
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
BNS and BNY at a glance
BNS Bank Nova Scotia Halifax Pfd 3
- Listing
- NYSE · SEC CIK 9631
- Industry
- Major Banks · SIC 6022 State Commercial Banks
- Market value
- $111.8B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
BNY The Bank of New York Mellon Corporation
- Listing
- NYSE · SEC CIK 1390777
- Industry
- Major Banks · SIC 6022 State Commercial Banks
- Market value
- $96.6B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.
Other rivals of BNS and BNY
Follow the research behind the paper book
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Explore the private betaPaper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.
