Boston Scientific (UK) Market Value
| 0HOY Stock | 89.66 0.22 0.25% |
| Symbol | Boston |
Boston Scientific 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Boston Scientific's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Boston Scientific.
| 12/30/2023 |
| 12/24/2024 |
If you would invest 0.00 in Boston Scientific on December 30, 2023 and sell it all today you would earn a total of 0.00 from holding Boston Scientific Corp or generate 0.0% return on investment in Boston Scientific over 360 days. Boston Scientific is related to or competes with Uniper SE, Mulberry Group, London Security, Triad Group, SURETRACK MON, Ikigai Ventures, and Heavitree Brewery. Boston Scientific is entity of United Kingdom More
Boston Scientific Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Boston Scientific's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Boston Scientific Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9178 | |||
| Information Ratio | 0.0667 | |||
| Maximum Drawdown | 6.85 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.42 |
Boston Scientific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Boston Scientific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Boston Scientific's standard deviation. In reality, there are many statistical measures that can use Boston Scientific historical prices to predict the future Boston Scientific's volatility.| Risk Adjusted Performance | 0.0797 | |||
| Jensen Alpha | 0.0917 | |||
| Total Risk Alpha | 0.064 | |||
| Sortino Ratio | 0.0793 | |||
| Treynor Ratio | 0.5282 |
Boston Scientific Corp Backtested Returns
Currently, Boston Scientific Corp is very steady. Boston Scientific Corp secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Boston Scientific Corp, which you can use to evaluate the volatility of the firm. Please confirm Boston Scientific's Mean Deviation of 0.7589, risk adjusted performance of 0.0797, and Downside Deviation of 0.9178 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Boston Scientific has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Boston Scientific's returns are expected to increase less than the market. However, during the bear market, the loss of holding Boston Scientific is expected to be smaller as well. Boston Scientific Corp right now shows a risk of 1.1%. Please confirm Boston Scientific Corp jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Boston Scientific Corp will be following its price patterns.
Auto-correlation | 0.89 |
Very good predictability
Boston Scientific Corp has very good predictability. Overlapping area represents the amount of predictability between Boston Scientific time series from 30th of December 2023 to 27th of June 2024 and 27th of June 2024 to 24th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Boston Scientific Corp price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Boston Scientific price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 28.87 |
Boston Scientific Corp lagged returns against current returns
Autocorrelation, which is Boston Scientific stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Boston Scientific's stock expected returns. We can calculate the autocorrelation of Boston Scientific returns to help us make a trade decision. For example, suppose you find that Boston Scientific has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Boston Scientific regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Boston Scientific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Boston Scientific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Boston Scientific stock over time.
Current vs Lagged Prices |
| Timeline |
Boston Scientific Lagged Returns
When evaluating Boston Scientific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Boston Scientific stock have on its future price. Boston Scientific autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Boston Scientific autocorrelation shows the relationship between Boston Scientific stock current value and its past values and can show if there is a momentum factor associated with investing in Boston Scientific Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Boston Stock Analysis
When running Boston Scientific's price analysis, check to measure Boston Scientific's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Boston Scientific is operating at the current time. Most of Boston Scientific's value examination focuses on studying past and present price action to predict the probability of Boston Scientific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boston Scientific's price. Additionally, you may evaluate how the addition of Boston Scientific to your portfolios can decrease your overall portfolio volatility.