Boston Scientific Backtesting

BSX -- USA Stock  

USD 34.03  0.88  2.65%

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.
 Time Horizon     30 Days    Login   to change
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Backtest

Boston Scientific 'What if' Analysis

June 17, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 17, 2018
0.00
If you would invest  0.00  in Boston Scientific on June 17, 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 MED. Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medi...

Boston Scientific Upside/Downside Indicators

Downside Deviation1.09
Information Ratio0.038432
Maximum Drawdown3.42
Value At Risk1.53
Potential Upside1.46
  

Boston Scientific Market Premium Indicators

Risk Adjusted Performance0.0594
Jensen Alpha0.0184
Total Risk Alpha0.12
Sortino Ratio0.036142
Treynor Ratio0.1577

Boston Scientific Backtested Returns

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.
Advice Volatility Trend Exposure Correlations
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

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 

Current Sentiment - BSX

Boston Scientific Investor Sentiment
Greater number of Macroaxis users are currently bullish on Boston Scientific Corporation. What is your opinion about investing in Boston Scientific Corporation? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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
Run Pair Correlation  
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 Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.