Ballard Power Systems Stock Alpha and Beta Analysis
| BLDP Stock | CAD 1.83 0.04 2.23% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Ballard Power Systems. It also helps investors analyze the systematic and unsystematic risks associated with investing in Ballard Power over a specified time horizon. Remember, high Ballard Power's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Ballard Power's market risk premium analysis include:
Beta (1.44) | Alpha (0.28) | Risk 3.86 | Sharpe Ratio (0.12) | Expected Return (0.45) |
Ballard Power Quarterly Cash And Equivalents |
|
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Ballard |
Ballard Power Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Ballard Power market risk premium is the additional return an investor will receive from holding Ballard Power long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Ballard Power. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Ballard Power's performance over market.| α | -0.28 | β | -1.44 |
Ballard Power expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Ballard Power's Buy-and-hold return. Our buy-and-hold chart shows how Ballard Power performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Ballard Power Market Price Analysis
Market price analysis indicators help investors to evaluate how Ballard Power stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ballard Power shares will generate the highest return on investment. By understating and applying Ballard Power stock market price indicators, traders can identify Ballard Power position entry and exit signals to maximize returns.
Ballard Power Return and Market Media
The median price of Ballard Power for the period between Sun, Aug 25, 2024 and Sat, Nov 23, 2024 is 2.29 with a coefficient of variation of 10.09. The daily time series for the period is distributed with a sample standard deviation of 0.23, arithmetic mean of 2.24, and mean deviation of 0.17. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | Ballard Power Systems Trading Down 3.7 percent - MarketBeat | 09/20/2024 |
2 | Ballard Power Systems Third Quarter 2024 Earnings Misses Expectations - Yahoo Finance | 11/06/2024 |
About Ballard Power Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Ballard or other stocks. Alpha measures the amount that position in Ballard Power Systems has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 139.04 | 168.1 | 180.98 | 146.48 | PTB Ratio | 2.79 | 1.23 | 1.11 | 1.06 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ballard Power in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ballard Power's short interest history, or implied volatility extrapolated from Ballard Power options trading.
Build Portfolio with Ballard Power
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Ballard Power Backtesting, Ballard Power Valuation, Ballard Power Correlation, Ballard Power Hype Analysis, Ballard Power Volatility, Ballard Power History and analyze Ballard Power Performance. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Ballard Power technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.