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Benchmark SP 500  1,650   0.91  Index Moved Down -0.06% ...


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Collecting data for ^GSPC and BSX ...

Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 S&P 500  vs   Boston Scientific Corp.
Check Correlation Matrix  
Daily Returns (%)
BSX   GSPC   
 
Assuming 30 trading days horizon, SP 500 is expected to generate 4.8 times less return on investment than Boston. But when comparing it to its historical volatility, S&P 500 is 2.95 times less risky than Boston. It trades about 0.34 of its potential returns per unit of risk. Boston Scientific Corporation is currently generating about 0.56 of returns per unit of risk over similar time horizon. If you would invest  749  in Boston Scientific Corporation on April 26, 2013 and sell it today you would earn a total of  159.00  from holding Boston Scientific Corporation or generate 21.23% return on investment over 30 days.

Diversification

Average diversification
Overlapping area represents amount of risk that can be diversified away by holding S&P 500 and Boston Scientific Corp. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.15
Parameters
Time Period1 Month [change]
DirectionPositive BSX Moved Up vs ^GSPC
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
BSX   GSPC   

S&P 500

 
    
SP 500
Performance
18
Out Of
100
Over 30
Days
    

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Boston Scientific Corporation

 
    
Boston
Performance
30
Out Of
100
Over 30
Days
70% of all equities and portfolios perform better than Boston Scientific Corporation. Compared with the overall equity markets, risk-adjusted returns on investments in Boston Scientific Corporation are ranked lower than 30 (%) of all global equities and portfolios over the last 30 days.
    

Match-ups for Boston

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