Boston Scientific Backtesting

BSX -- USA Stock  

USD 35.55  1.12  3.05%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Boston Scientific Corporation and determine expected loss or profit from investing in Boston Scientific over given investment horizon. Check also Boston Scientific Hype Analysis, Boston Scientific Correlation, Boston Scientific Valuation, Boston Scientific Volatility as well as analyze Boston Scientific Alpha and Beta and Boston Scientific Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Boston Scientific 'What if' Analysis

September 23, 2018
0.00
No Change 0.00  0.0%
In 31 days
October 23, 2018
0.00
If you would invest  0.00  in Boston Scientific on September 23, 2018 and sell it all today you would earn a total of 0.00 from holding Boston Scientific Corporation or generate 0.0% return on investment in Boston Scientific over 30 days. Boston Scientific is related to or competes with Edwards Lifesciences, Digirad, Dynatronics, Encision, EDAP TMS, Electromed, and Escalon Medical. Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medi...

Boston Scientific Upside/Downside Indicators

Information Ratio0.12
Maximum Drawdown7.32
Value At Risk2.71
Potential Upside2.18
  

Boston Scientific Market Premium Indicators

Risk Adjusted Performance0.23
Jensen Alpha0.35
Total Risk Alpha0.10
Treynor Ratio3.25

Boston Scientific Backtested Returns

Macroaxis considers Boston Scientific to be not too volatile. Boston Scientific secures Sharpe Ratio (or Efficiency) of -0.0897 which signifies that Boston Scientific had -0.0897% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Boston Scientific Corporation exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Boston Scientific Risk Adjusted Performance of 0.23 and Mean Deviation of 1.14 to double-check risk estimate we provide. Macroaxis gives Boston Scientific performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.1141 which signifies that as returns on market increase, Boston Scientific returns are expected to increase less than the market. However during bear market, the loss on holding Boston Scientific will be expected to be smaller as well.. Even though it is essential to pay attention to Boston Scientific historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Boston Scientific Corporation exposes twenty-one different technical indicators which can help you to evaluate its performance. Boston Scientific has expected return of -0.1738%. Please be advised to confirm Boston Scientific Standard Deviation, Value At Risk as well as the relationship between Value At Risk and Kurtosis to decide if Boston Scientific past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.61 

Good predictability

Boston Scientific Corporation has good predictability. Overlapping area represents the amount of predictability between Boston Scientific time series from September 23, 2018 to October 8, 2018 and October 8, 2018 to October 23, 2018. 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 0.61 indicates that roughly 61.0% of current Boston Scientific price fluctuation can be explain by its past prices.
Correlation Coefficient0.61
Spearman Rank Test0.73
Residual Average0.0
Price Variance0.88

Boston Scientific lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Boston Scientific regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Boston Scientific Lagged Returns

 Regressed Prices 
      Timeline 

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Positions Ratings

Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
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Boston Scientific Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Boston Scientific and Edwards Lifesciences. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Check also Boston Scientific Hype Analysis, Boston Scientific Correlation, Boston Scientific Valuation, Boston Scientific Volatility as well as analyze Boston Scientific Alpha and Beta and Boston Scientific Performance. Please also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of macroaxis ideas.
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