We consider Boston Scientific not too risky.
Boston Scientific secures Sharpe Ratio (or Efficiency) of 0.1452 which signifies that
Boston Scientific had 0.1452% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with company specific
technical indicators that cannot be diversified away. We have found twenty-eight
technical indicators for Boston Scientific Corporation which you can use to evaluate future volatility of the firm. Please confirm Boston Scientific
Downside Deviation of 1.09,
Risk Adjusted Performance of 0.0594 and
Mean Deviation of 0.8087 to double-check if risk estimate we provide are consistent with the epected return of 0.129%. Boston Scientific has performance score of 9 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.5303 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.. Although it is extremely important to respect
Boston Scientific historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and
technical indicators. By analyzing
Boston Scientific technical indicators you can presently evaluate if the expected return of 0.129% will be sustainable into the future.
Boston Scientific right now shows a risk of 0.8881%. Please confirm Boston Scientific
Value At Risk as well as the
relationship between
Kurtosis and
Market Facilitation Index to decide if Boston Scientific will be following its
price patterns.
| 15 days auto-correlation | 0.39 |
Below average predictability
Boston Scientific Corporation has below average predictability. Overlapping area represents the amount of predictability between Boston Scientific time series from June 17, 2018 to July 2, 2018 and July 2, 2018 to July 17, 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 0.39 indicates that just about 39.0% of current Boston Scientific price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 |
| Spearman Rank Test | -0.27 |
| Price Variance | 0.1 |
| Lagged Price Variance | 0.1 |
