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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Boston Scientific Corp.  vs   Becton Dickinson and Company
 Compare Fundamentals  
Daily Returns (%)
BSX   BDX   
 
Considering 30-days investment horizon, Boston Scientific Corporation is expected to generate 1.49 times more return on investment than Becton. However, Boston is 1.49 times more volatile than Becton Dickinson and Company. It trades about 0.7 of its potential returns per unit of risk. Becton Dickinson and Company is currently generating about 0.27 per unit of risk. If you would invest  735  in Boston Scientific Corporation on April 22, 2013 and sell it today you would earn a total of  190.00  from holding Boston Scientific Corporation or generate 25.85% return on investment over 30 days.

Diversification

Modest diversification
Overlapping area represents amount of risk that can be diversified away by holding Boston Scientific Corp. and Becton Dickinson and Company in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.27
Parameters
Time Period1 Month [change]
DirectionPositive BDX Moved Up vs BSX
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
BSX   BDX   

Boston Scientific Corporation

 
    
Boston
Performance
38
Out Of
100
Over 30
Days
62% 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 38 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Boston

Abbott Laboratories vs. Boston Scientific Corporation
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Intuitive Surgical Inc vs. Boston Scientific Corporation
Zimmer Holdings Inc vs. Boston Scientific Corporation
St Jude Medical Inc vs. Boston Scientific Corporation
Smith Nephew plc vs. Boston Scientific Corporation
Edwards Lifesciences Corp vs. Boston Scientific Corporation
Varian Medical Systems Inc vs. Boston Scientific Corporation
  

Becton Dickinson and Company

 
    
Becton
Performance
14
Out Of
100
Over 30
Days
86% of all equities and portfolios perform better than Becton Dickinson and Company. Compared with the overall equity markets, risk-adjusted returns on investments in Becton Dickinson and Company are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Becton

Baxter International Inc vs. Becton Dickinson and Company
Covidien plc vs. Becton Dickinson and Company
CR Bard Inc vs. Becton Dickinson and Company
CareFusion Corporation vs. Becton Dickinson and Company
DENTSPLY International Inc vs. Becton Dickinson and Company
The Cooper Companies Inc vs. Becton Dickinson and Company
Mindray Medical International Limited vs. Becton Dickinson and Company
Teleflex Incorporated vs. Becton Dickinson and Company
West Pharmaceutical Services Inc vs. Becton Dickinson and Company


 
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