Ballard Cash And Short Term Investments vs Retained Earnings Analysis
BLDP Stock | CAD 2.36 0.06 2.48% |
Ballard Power financial indicator trend analysis is way more than just evaluating Ballard Power Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ballard Power Systems is a good investment. Please check the relationship between Ballard Power Cash And Short Term Investments and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ballard Power Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Cash And Short Term Investments vs Retained Earnings
Cash And Short Term Investments vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ballard Power Systems Cash And Short Term Investments account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Ballard Power's Cash And Short Term Investments and Retained Earnings is -0.63. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Ballard Power Systems, assuming nothing else is changed. The correlation between historical values of Ballard Power's Cash And Short Term Investments and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Ballard Power Systems are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash And Short Term Investments i.e., Ballard Power's Cash And Short Term Investments and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.63 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Ballard Power Systems balance sheet. This account contains Ballard Power investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Ballard Power Systems fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Ballard Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ballard Power Systems current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ballard Power Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Ballard Power's Discontinued Operations is very stable compared to the past year. As of the 11th of December 2024, Tax Provision is likely to grow to about 165.9 K, while Selling General Administrative is likely to drop about 17.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.3M | 1.3M | 1.2M | 1.3M | Depreciation And Amortization | 9.8M | 13.8M | 13.5M | 9.9M |
Ballard Power fundamental ratios Correlations
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Ballard Power Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ballard Power fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 340.3M | 975.6M | 1.4B | 1.2B | 1.1B | 1.1B | |
Short Long Term Debt Total | 19.8M | 17.9M | 17.1M | 15.7M | 17.9M | 10.1M | |
Other Current Liab | 46.8M | 39.2M | 65.3M | 48.2M | 51.2M | 28.9M | |
Total Current Liabilities | 64.5M | 52.1M | 83.2M | 73.2M | 70.6M | 45.9M | |
Total Stockholder Equity | 250.3M | 900.9M | 1.3B | 1.2B | 991.2M | 1.0B | |
Property Plant And Equipment Net | 42.8M | 49.3M | 56.1M | 82.4M | 116.3M | 122.1M | |
Current Deferred Revenue | 20.2M | 9.9M | 12.1M | 8.0M | 4.6M | 6.0M | |
Net Debt | (128.0M) | (745.6M) | (1.1B) | (898.0M) | (733.2M) | (696.6M) | |
Retained Earnings | (1.2B) | (1.3B) | (1.4B) | (1.6B) | (1.7B) | (1.7B) | |
Accounts Payable | 14.9M | 9.1M | 13.7M | 20.4M | 13.7M | 10.2M | |
Cash | 147.8M | 763.4M | 1.1B | 913.7M | 751.1M | 788.7M | |
Non Current Assets Total | 110.8M | 121.3M | 211.8M | 218.6M | 212.8M | 120.3M | |
Non Currrent Assets Other | 321K | 336K | 343K | 370K | 547K | 519.7K | |
Cash And Short Term Investments | 147.8M | 765.4M | 1.1B | 915.7M | 753.2M | 790.9M | |
Net Receivables | 46.0M | 51.5M | 39.8M | 38.6M | 50.8M | 53.3M | |
Common Stock Shares Outstanding | 232.8M | 248.5M | 295.3M | 298.1M | 298.7M | 313.6M | |
Liabilities And Stockholders Equity | 340.3M | 975.6M | 1.4B | 1.2B | 1.1B | 1.1B | |
Non Current Liabilities Total | 25.5M | 22.6M | 29.6M | 15.0M | 15.7M | 15.5M | |
Inventory | 30.1M | 28.5M | 51.5M | 58.1M | 45.9M | 48.2M | |
Other Current Assets | 5.7M | 8.8M | 11.0M | 16.1M | 14.9M | 15.6M | |
Other Stockholder Equity | 290.6M | 290.8M | 297.8M | 300.8M | 306.0M | 391.8M | |
Total Liab | 90.1M | 74.7M | 112.7M | 88.2M | 86.3M | 61.4M | |
Property Plant And Equipment Gross | 42.8M | 49.3M | 122.8M | 157.7M | 203.2M | 213.4M | |
Total Current Assets | 229.5M | 854.3M | 1.2B | 1.0B | 864.7M | 908.0M | |
Accumulated Other Comprehensive Income | 813K | 907K | 1.7M | (1.5M) | (3.0M) | (3.1M) | |
Short Term Debt | 2.4M | 2.7M | 3.2M | 3.9M | 4.5M | 4.3M | |
Other Assets | 321K | 336K | 343K | 370K | 425.5K | 267.5K | |
Intangible Assets | 5.7M | 3.8M | 20.8M | 5.2M | 1.4M | 1.3M | |
Common Stock Total Equity | 986.5M | 1.2B | 1.2B | 1.9B | 2.2B | 1.1B | |
Common Stock | 1.2B | 1.9B | 2.4B | 2.4B | 2.4B | 1.4B | |
Other Liab | 8.2M | 7.4M | 15.7M | 3.2M | 2.8M | 2.7M | |
Net Tangible Assets | 204.3M | 856.8M | 1.2B | 1.1B | 1.3B | 1.3B | |
Long Term Investments | 21.6M | 27.6M | 70.3M | 66.4M | 54.2M | 57.0M | |
Property Plant Equipment | 42.8M | 49.3M | 56.1M | 82.4M | 94.7M | 99.5M | |
Long Term Debt Total | 17.3M | 15.2M | 13.9M | 11.8M | 13.6M | 11.4M |
Pair Trading with Ballard Power
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 Ballard Power 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 Ballard Power will appreciate offsetting losses from the drop in the long position's value.Moving together with Ballard Stock
Moving against Ballard Stock
The ability to find closely correlated positions to Ballard Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ballard Power 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 Ballard Power - 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 Ballard Power Systems to buy it.
The correlation of Ballard Power 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 Ballard Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ballard Power Systems 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 Ballard Power 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Ballard Power Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.