Ballard Price Earnings Ratio from 2010 to 2024
| BLDP Stock | CAD 1.93 0.10 4.93% |
Price Earnings Ratio | First Reported 2010-12-31 | Previous Quarter (6.22) | Current Value (5.91) | Quarterly Volatility 34.7780521 |
Check Ballard Power financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ballard Power's main balance sheet or income statement drivers, such as Depreciation And Amortization of 9.9 M, Interest Expense of 1.3 M or Selling General Administrative of 17.8 M, as well as many indicators such as Price To Sales Ratio of 10.26, Dividend Yield of 0.0 or PTB Ratio of 1.06. Ballard financial statements analysis is a perfect complement when working with Ballard Power Valuation or Volatility modules.
Ballard | Price Earnings Ratio |
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
| 0.89 | VISA | Visa Inc CDR | PairCorr |
| 0.87 | TSLA | Tesla Inc CDR | PairCorr |
| 0.74 | PYPL | PayPal Holdings CDR | PairCorr |
| 0.69 | INTC | INTEL CDR | PairCorr |
| 0.66 | NVDA | NVIDIA CDR | 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.Check out the analysis of Ballard Power Correlation against competitors. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.