Boston Competitors

B1SX34 Stock  BRL 542.80  2.25  0.41%   
Boston Scientific competes with Medtronic Plc, Edwards Lifesciences, and Align Technology; as well as few others. The company operates under Healthcare sector and is part of Medical Devices industry. Analyzing Boston Scientific competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Boston Scientific to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Boston Scientific Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Boston Scientific competition on your existing holdings.
  
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Hype
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541.68542.80543.92
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486.49487.61597.08
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535.74536.86537.98
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528.52544.00559.48
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Boston Scientific. Your research has to be compared to or analyzed against Boston Scientific's peers to derive any actionable benefits. When done correctly, Boston Scientific's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Boston Scientific.

Boston Scientific Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Boston Scientific and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Boston and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Boston Scientific does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
E1WL34B1SX34
A1LG34B1SX34
A1LG34E1WL34
B1SX34MDTC34
E1WL34MDTC34
  
High negative correlations   
A1LG34MDTC34

Risk-Adjusted Indicators

There is a big difference between Boston Stock performing well and Boston Scientific Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Boston Scientific's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Boston Scientific Competitive Analysis

The better you understand Boston Scientific competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Boston Scientific's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Boston Scientific's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
B1SX34 MDTC34 E1WL34 A1LG34
 0.41 
 542.80 
Boston
 0.16 
 245.59 
Medtronic
 0.97 
 113.96 
Edwards
 8.77 
 327.03 
Align
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Boston Scientific Competition Performance Charts

Five steps to successful analysis of Boston Scientific Competition

Boston Scientific's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Boston Scientific in relation to its competition. Boston Scientific's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Boston Scientific in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Boston Scientific's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Boston Scientific, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Other Information on Investing in Boston Stock

Boston Scientific financial ratios help investors to determine whether Boston Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Boston with respect to the benefits of owning Boston Scientific security.