Boston Scientific (Germany) Market Value
| BSX Stock | EUR 86.50 0.50 0.58% |
| 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.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in Boston Scientific on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding Boston Scientific or generate 0.0% return on investment in Boston Scientific over 90 days. Boston Scientific is related to or competes with Align Technology, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, and NorAm Drilling. Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medi... 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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.119 | |||
| Maximum Drawdown | 8.84 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 2.68 |
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 | 0.1585 | |||
| Jensen Alpha | 0.2526 | |||
| Total Risk Alpha | 0.0585 | |||
| Sortino Ratio | 0.0985 | |||
| Treynor Ratio | 0.6231 |
Boston Scientific Backtested Returns
Boston Scientific appears to be very steady, given 3 months investment horizon. Boston Scientific secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found thirty technical indicators for Boston Scientific, which you can use to evaluate the volatility of the firm. Please makes use of Boston Scientific's Mean Deviation of 1.22, risk adjusted performance of 0.1585, and Downside Deviation of 1.95 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Boston Scientific holds a performance score of 15. The firm shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. 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. Please check Boston Scientific's value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to make a quick decision on whether Boston Scientific's price patterns will revert.
Auto-correlation | 0.51 |
Modest predictability
Boston Scientific has modest predictability. Overlapping area represents the amount of predictability between Boston Scientific time series from 25th of August 2024 to 9th of October 2024 and 9th of October 2024 to 23rd of November 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 price movement. The serial correlation of 0.51 indicates that about 51.0% of current Boston Scientific price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 9.38 |
Boston Scientific 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 |
| Timeline |
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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Boston Stock
Boston Scientific financial ratios help investors to determine whether Boston Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Boston with respect to the benefits of owning Boston Scientific security.