Ballard Power Systems Stock Market Value
| BLDP Stock | USD 1.49 0.02 1.36% |
| Symbol | Ballard |
Ballard Power Systems Price To Book Ratio
Is Electrical Components & Equipment space 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 Ballard Power. If investors know Ballard 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 Ballard Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.09) | Revenue Per Share 0.307 | Quarterly Revenue Growth (0.46) | Return On Assets (0.11) | Return On Equity (0.37) |
The market value of Ballard Power Systems is measured differently than its book value, which is the value of Ballard that is recorded on the company's balance sheet. Investors also form their own opinion of Ballard Power's value that differs from its market value or its book value, called intrinsic value, which is Ballard Power'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 Ballard Power's market value can be influenced by many factors that don't directly affect Ballard Power'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 Ballard Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ballard Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ballard Power'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.
Ballard Power 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ballard Power's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ballard Power.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Ballard Power on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Ballard Power Systems or generate 0.0% return on investment in Ballard Power over 360 days. Ballard Power is related to or competes with Emerson Electric, Eaton PLC, Parker Hannifin, Illinois Tool, Dover, Crane, and Flowserve. Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membran... More
Ballard Power Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ballard Power's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ballard Power Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 29.69 | |||
| Value At Risk | (5.36) | |||
| Potential Upside | 6.79 |
Ballard Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ballard Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ballard Power's standard deviation. In reality, there are many statistical measures that can use Ballard Power historical prices to predict the future Ballard Power's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | 0.4068 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ballard Power's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ballard Power Systems Backtested Returns
Ballard Power Systems secures Sharpe Ratio (or Efficiency) of -0.0347, which signifies that the company had a -0.0347% return per unit of risk over the last 3 months. Ballard Power Systems exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ballard Power's Mean Deviation of 3.12, standard deviation of 4.39, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ballard Power are expected to decrease at a much lower rate. During the bear market, Ballard Power is likely to outperform the market. At this point, Ballard Power Systems has a negative expected return of -0.15%. Please make sure to confirm Ballard Power's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Ballard Power Systems performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Ballard Power Systems has good predictability. Overlapping area represents the amount of predictability between Ballard Power time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ballard Power Systems price movement. The serial correlation of 0.73 indicates that around 73.0% of current Ballard Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Ballard Power Systems lagged returns against current returns
Autocorrelation, which is Ballard Power stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ballard Power's stock expected returns. We can calculate the autocorrelation of Ballard Power returns to help us make a trade decision. For example, suppose you find that Ballard Power has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Ballard Power regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ballard Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ballard Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ballard Power stock over time.
Current vs Lagged Prices |
| Timeline |
Ballard Power Lagged Returns
When evaluating Ballard Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ballard Power stock have on its future price. Ballard Power autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ballard Power autocorrelation shows the relationship between Ballard Power stock current value and its past values and can show if there is a momentum factor associated with investing in Ballard Power Systems.
Regressed Prices |
| Timeline |
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 against Ballard Stock
| 0.87 | EPAC | Enerpac Tool Group | PairCorr |
| 0.86 | AME | Ametek Inc | PairCorr |
| 0.86 | EMR | Emerson Electric | PairCorr |
| 0.85 | PH | Parker Hannifin | PairCorr |
| 0.8 | CR | Crane Company | PairCorr |
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.Additional Tools for Ballard Stock Analysis
When running Ballard Power's price analysis, check to measure Ballard Power'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 Ballard Power is operating at the current time. Most of Ballard Power's value examination focuses on studying past and present price action to predict the probability of Ballard Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ballard Power's price. Additionally, you may evaluate how the addition of Ballard Power to your portfolios can decrease your overall portfolio volatility.