Boston Scientific Backtesting

Boston Scientific Corporation -- USA Stock  

USD 27.4  0.25  0.9%

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

Boston Scientific 'What if' Analysis

December 22, 2017
No Change 0.00  0.0%
In 30 days
January 21, 2018
If you would invest  0.00  in Boston Scientific on December 22, 2017 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 DexCom, Cooper Companies, Quest Diagnostics, DENTSPLY SIRONA, and ResMed. It operates through three segments Cardiovascular, Rhythm Management, and MedSurg

Boston Scientific Upside/Downside Indicators


Boston Scientific Market Premium Indicators

Boston Scientific lagged returns against current returns

 Current and Lagged Values 

Boston Scientific regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Boston Scientific Backtested Returns

Macroaxis considers Boston Scientific not too volatile given 1 month investment horizon. Boston Scientific secures Sharpe Ratio (or Efficiency) of 0.2484 which signifies that Boston Scientific had 0.2484% 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. By analyzing Boston Scientific technical indicators you can presently evaluate if the expected return of 0.5623% is justified by implied risk. Please makes use of Boston Scientific Downside Deviation of 1.08, Risk Adjusted Performance of 0.0793 and Mean Deviation of 1.28 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Boston Scientific holds performance score of 16. The firm shows Beta (market volatility) of 1.6361 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Boston Scientific will likely underperform.. Although it is vital to follow to Boston Scientific historical returns, it is good to be conservative about what you can actually do with the information regarding 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. We have found twenty-one technical indicators for Boston Scientific Corporation which you can use to evaluate performance of the firm. Please makes use of Boston Scientific Standard Deviation, Value At Risk as well as the relationship between Value At Risk and Kurtosis to make a quick decision on weather Boston Scientific price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.18 

Very weak predictability

Boston Scientific Corporation has very weak predictability. Overlapping area represents the amount of predictability between Boston Scientific time series from December 22, 2017 to January 6, 2018 and January 6, 2018 to January 21, 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 0.18 indicates that over 18.0% of current Boston Scientific price fluctuation can be explain by its past prices.
Correlation Coefficient 0.18
Spearman Rank Test -0.35
Price Variance 0.33
Lagged Price Variance 0.1

Boston Scientific Lagged Returns

 Regressed Prices 

Boston Scientific Performance vs DOW

The median price of Boston Scientific for the period between Fri, Dec 22, 2017 and Sun, Jan 21, 2018 is 25.78 with a coefficient of variation of 4.11. The daily time series for the period is distributed with a sample standard deviation of 1.07, arithmetic mean of 26.13, and mean deviation of 0.97. The Stock received some media coverage during the period.
Price Growth (%)  
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