Ballard Power (Germany) Market Value
| PO0 Stock | EUR 1.25 0.03 2.46% |
| Symbol | Ballard |
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.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Ballard Power on October 24, 2024 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 30 days. Ballard Power is related to or competes with Powercell Sweden, Nel ASA, ITM Power, and Plug Power. 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 | (0.13) | |||
| Maximum Drawdown | 28.29 | |||
| Value At Risk | (6.41) | |||
| Potential Upside | 5.88 |
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 | (0.07) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (1.18) | |||
| Treynor Ratio | 0.5589 |
Ballard Power Systems Backtested Returns
Ballard Power Systems secures Sharpe Ratio (or Efficiency) of -0.0796, which signifies that the company had a -0.0796% return per unit of risk over the last 3 months. Ballard Power Systems exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ballard Power's Risk Adjusted Performance of (0.07), mean deviation of 3.48, and Standard Deviation of 4.59 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.82, 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 -0.36%. Please make sure to confirm Ballard Power's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Ballard Power Systems performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Ballard Power Systems has very weak reverse predictability. Overlapping area represents the amount of predictability between Ballard Power time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd of November 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 -0.06 indicates that barely 6.0% of current Ballard Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Ballard Stock
When determining whether Ballard Power Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Ballard Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ballard Power Systems Stock. Highlighted below are key reports to facilitate an investment decision about Ballard Power Systems Stock:Check out Ballard Power Correlation, Ballard Power Volatility and Ballard Power Alpha and Beta module to complement your research on Ballard Power. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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.