Perspective Stories

Is Abbott riskier than Medtronic (NYSE:MDT)?

  
Medtronic would recover faster from the newest drop as its shares price went up 0.04% to Abbott Laboratories's 0.44%As many rational traders are trying to avoid healthcare space, it makes sense to review Abbott Laboratories a little further and understand how it stands against Medtronic and other similar entities. We are going to break down some of the competitive aspects of b... [more]
By analyzing existing fundamental drivers between Abbott Laboratories and Medtronic, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Medtronic with a short position in Abbott Laboratories. Check out our pair correlation module for more information.

Let's begin by analyzing the assets.
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Abbott Laboratories has an asset utilization ratio of 102.58 percent. This implies that the company is making $1.03 for each dollar of assets. An increasing asset utilization means that Abbott Laboratories is more efficient with each dollar of assets it utilizes for everyday operations.
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