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Minimally Invasive Surgery

Minimally Invasive Surgery

3.98k followers19 symbols Watchlist by Motif Investing

Global adoption of minimally invasive procedures could spark new growth. The global minimally invasive surgery market is forecast to reach $35.5 billion by the end of 2016 with compound annual growth rate ("CAGR") of 8.2%.

Curated by Motif Investing

Background

A little snip can make a big difference. Patients can expect less operative trauma and faster recovery, while insurers enjoy shorter stays and lower costs. Minimally invasive surgery has become a win-win advancement that's created a $27 billion market as of 2012, up 5.4% as compared with 2010.

Many traditionally "open" surgeries that required incisions as long as 12 inches are now performed with incisions that are often no larger than the diameter of a pencil. Procedures ranging from angioplasty to laparoscopic gall bladder removal can now be done endoscopically, with robotic equipment giving doctors even greater precision and control. So scrub in. We've got work to do.

How did we choose these stocks?

We identified US-listed stocks and American Depository Receipts of companies that are engaged in activities relevant to this watchlist's theme. We then filtered out companies that have a share price of less than $1.00 or a market capitalization less than $100 million, and excluded illiquid stocks by screening companies for liquidity i.e. average bid-ask spreads, dollar volume traded etc. Finally the proprietary Motif Optimization Engine determined the constituent stocks. Learn more about how we select our watchlists.

Who made these selections?

Motif is an online brokerage built on thematic portfolios of up to 30 stocks and ETFs. Founded in 2010 by Hardeep Walia, Motif combines complex proprietary algorithms with skilled advisers to develop these thematic portfolios. Learn more about our team.

How are these weighted?

First, we determined each company's percentage of total revenue derived from this watchlist's theme. Second, we applied a pure-play factor to give greater relative weight to companies that derive a higher percentage of their revenue from this theme. Finally, we weighted each company by its market capitalization adjusted for revenue exposure to the theme.

More details on how we build and weight watchlists are available here.

Performance

WatchlistChange today1-month return1-year returnTotal return
Minimally Invasive Surgery-0.43%+6.88%-5.75%+0.67%
^GSPC-0.12%-3.49%+11.63%+3460.72%

19 symbols

SymbolCompany nameLast priceChange% changeMarket timeVolumeAvg vol (3-month)Market cap
MDTMedtronic plc103.495-0.85-0.82%10:00 am GMT-4380.64k4.81M139.12B
ISRGIntuitive Surgical, Inc.667.124+1.10+0.17%10:00 am GMT-491.09k632.13k78.07B
BSXBoston Scientific Corporation38.27-0.33-0.85%10:00 am GMT-4387.05k8.57M54.75B
SNNSmith & Nephew plc38.385+0.66+1.76%10:00 am GMT-432.79k415.47k16.76B
HOLXHologic, Inc.64.66-0.72-1.10%10:00 am GMT-490.35k2.44M16.75B
NTRANatera, Inc.64.01--10:00 am GMT-446.08k784.81k5.38B
GMEDGlobus Medical, Inc.49.87-0.40-0.80%9:59 am GMT-475.15k864.50k4.88B
NUVANuVasive, Inc.50.88-0.15-0.29%9:59 am GMT-413.57k809.88k2.61B
CNMDCONMED Corporation75.27-0.26-0.34%9:58 am GMT-47.78k281.01k2.15B
GKOSGlaukos Corporation47.18-1.03-2.14%9:59 am GMT-410.92k581.15k2.11B
CSIICardiovascular Systems, Inc.35.63+0.44+1.25%10:00 am GMT-413.90k355.27k1.41B
ANGOAngioDynamics, Inc.10.01-0.11-1.09%9:59 am GMT-422.09k264.62k379.11M
ARAYAccuray Incorporated2.39-0.03-1.24%10:00 am GMT-452.94k610.75k217.96M
ELGXEndologix, Inc.0.22-0.07-23.88%4:00 pm GMT-47.80M2.06M4.22M
SPNC----6:07 pm GMT-4---
KTWOK2M Group Holdings, Inc.---6:07 pm GMT-4---
CYNO----6:07 pm GMT-4---
ALOGAnalogic Corporation---6:07 pm GMT-4---
MZORMazor Robotics Ltd.---6:07 pm GMT-4---