Boston Financial Ratios Analysis
| BSX Stock | USD 72.91 3.92 5.68% |
Boston |
Most ratios from Boston Scientific's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Boston Scientific Corp current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Boston Scientific Valuation and Boston Scientific Correlation analysis. At this time, Boston Scientific's Research And Ddevelopement To Revenue is fairly stable compared to the past year. POCF Ratio is likely to rise to 48.11 in 2024, whereas Price To Sales Ratio is likely to drop 4.58 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 9.1E-4 | 8.31E-4 | 3.33E-4 | 3.17E-4 | Price To Sales Ratio | 5.08 | 5.22 | 5.9 | 4.58 |
Boston Scientific fundamentals Correlations
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Boston Scientific Account Relationship Matchups
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Boston Scientific fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 5.86 | 5.14 | 5.08 | 5.22 | 5.9 | 4.58 | |
| Ptb Ratio | 5.59 | 4.53 | 3.32 | 3.63 | 3.77 | 5.87 | |
| Book Value Per Share | 9.97 | 10.82 | 11.69 | 12.29 | 13.27 | 13.93 | |
| Free Cash Flow Yield | (1.23E-4) | 0.0219 | 0.0222 | 0.0218 | 0.0138 | 0.0226 | |
| Pb Ratio | 5.59 | 4.53 | 3.32 | 3.63 | 3.77 | 5.87 | |
| Ev To Sales | 6.8 | 5.93 | 5.72 | 5.88 | 6.5 | 5.08 | |
| Roic | 0.43 | 0.0426 | 0.0757 | 0.0376 | 0.0653 | 0.0828 | |
| Inventory Turnover | 2.01 | 2.6 | 2.34 | 2.14 | 1.75 | 2.82 | |
| Net Income Per Share | 3.38 | (0.0988) | 0.73 | 0.49 | 1.1 | 1.15 | |
| Payables Turnover | 5.87 | 6.84 | 4.74 | 4.64 | 4.61 | 4.38 | |
| Capex To Revenue | (0.0429) | (0.0379) | (0.0466) | (0.0483) | (0.0562) | (0.059) | |
| Pocfratio | 34.27 | 33.77 | 32.31 | 43.37 | 33.56 | 48.11 | |
| Interest Coverage | 3.21 | 2.89 | 5.99 | 3.51 | 8.84 | 9.28 | |
| Pfcf Ratio | 45.76 | 44.99 | 45.91 | 72.42 | 49.32 | 51.79 | |
| Income Quality | 0.39 | (18.39) | 1.8 | 2.19 | 1.57 | 1.65 | |
| Roe | 0.34 | (0.009134) | 0.0626 | 0.0397 | 0.0826 | 0.0642 | |
| Pe Ratio | 13.39 | (363.79) | 58.04 | 94.83 | 52.73 | 46.78 | |
| Ev To Free Cash Flow | 53.08 | 51.89 | 51.63 | 81.56 | 54.39 | 57.11 | |
| Earnings Yield | 0.0747 | (0.002749) | 0.0172 | 0.0105 | 0.019 | 0.0199 | |
| Current Ratio | 0.76 | 0.97 | 1.82 | 1.48 | 1.32 | 1.93 | |
| Receivables Turnover | 5.55 | 6.47 | 6.69 | 6.44 | 6.39 | 4.79 |
Boston Scientific Investors Sentiment
The influence of Boston Scientific's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Boston. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Boston Scientific's public news can be used to forecast risks associated with an investment in Boston. The trend in average sentiment can be used to explain how an investor holding Boston can time the market purely based on public headlines and social activities around Boston Scientific Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Boston Scientific's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Boston Scientific's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Boston Scientific's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Boston Scientific.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Boston Scientific in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Boston Scientific's short interest history, or implied volatility extrapolated from Boston Scientific options trading.
Pair Trading with Boston Scientific
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Boston Scientific position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Boston Scientific will appreciate offsetting losses from the drop in the long position's value.Moving together with Boston Stock
| 0.69 | HQY | HealthEquity Financial Report 3rd of June 2024 | PairCorr |
Moving against Boston Stock
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| 0.72 | HSDT | Helius Medical Techn Financial Report 9th of May 2024 | PairCorr |
The ability to find closely correlated positions to Boston Scientific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boston Scientific when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Boston Scientific - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Boston Scientific Corp to buy it.
The correlation of Boston Scientific is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Boston Scientific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boston Scientific Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Boston Scientific can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Boston Scientific Valuation and Boston Scientific Correlation analysis. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Boston Stock analysis
When running Boston Scientific's price analysis, check to measure Boston Scientific's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Boston Scientific is operating at the current time. Most of Boston Scientific's value examination focuses on studying past and present price action to predict the probability of Boston Scientific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boston Scientific's price. Additionally, you may evaluate how the addition of Boston Scientific to your portfolios can decrease your overall portfolio volatility.
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Is Boston Scientific's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Boston Scientific. If investors know Boston will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Boston Scientific listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.856 | Earnings Share 1.07 | Revenue Per Share 9.8 | Quarterly Revenue Growth 0.149 | Return On Assets 0.0447 |
The market value of Boston Scientific Corp is measured differently than its book value, which is the value of Boston that is recorded on the company's balance sheet. Investors also form their own opinion of Boston Scientific's value that differs from its market value or its book value, called intrinsic value, which is Boston Scientific's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Boston Scientific's market value can be influenced by many factors that don't directly affect Boston Scientific's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Boston Scientific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Boston Scientific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boston Scientific's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.