Boston Scientific Corporation shows Downside Deviation of 1.08, Risk Adjusted Performance of 0.0793 and Mean Deviation of 1.28. Boston Scientific technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm future prices. In plain English you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for Boston Scientific Corporation which can be compared to its rivals. Please confirm Boston ScientificStandard Deviation, Value At Risk as well as the relationship between Value At Risk and Kurtosis to decide if Boston Scientific is priced correctly providing market reflects its regular price of 27.29 per share. Given that Boston Scientific has Jensen Alpha of (0.030745), we suggest you validate Boston Scientific Corporation prevailing market performance to make sure the company can sustain itself at future point.
The output start index for this execution was five with a total number of output elements of twelve. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Boston Scientific volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.
Boston Scientific Trend Analysis
Use this graph to draw trend lines for Boston Scientific Corporation. You can use it to identify possible trend reversals for Boston Scientific as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Boston Scientific price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Boston Scientific Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Boston Scientific Corporation applied against its price change over selected period. The best fit line has a slop of 0.19 % which may imply that Boston Scientific Corporation will maintain its good market sentiment and make money for investors. It has 34 observation points and a regression sum of squares at 28.45, which is the sum of squared deviations for the predicted Boston Scientific price change compared to its average price change.
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Boston Scientific Corporation is rated fourth in mean deviation category among related companies. It is rated second in standard deviation category among related companies creating about 1.64 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Boston Scientific Corporation is roughly 1.64