Ballard Power Correlations

Stocks . USA . 
Stock . Ballard Power Systems
BLDP Stock  USD 2.02  0.02  0.98%   
The current 90-days correlation between Ballard Power Systems and Blink Charging Co is 0.57 (i.e., Very weak diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Ballard Power Correlation With Market

Weak diversification

The correlation between Ballard Power Systems and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ballard Power Systems and DJI in the same portfolio, assuming nothing else is changed.
  
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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 unemployment.

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Moving against Ballard Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Ballard Stock performing well and Ballard Power Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Ballard Power's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Ballard Power Corporate Management

Kerry HillierCorporate SecretaryProfile
Lee SweetlandSenior OfficerProfile
Mircea GraduSenior OfficerProfile
Sarbjot SidhuSenior OfficerProfile
Alfred WongManaging PacificProfile
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