Ballard Price To Sales Ratio from 2010 to 2026
| BLDP Stock | CAD 2.92 0.10 3.55% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 8.19 | Current Value 7.78 | Quarterly Volatility 14.18008158 |
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 2.6 M or Selling General Administrative of 18 M, as well as many indicators such as Price To Sales Ratio of 7.78, Dividend Yield of 0.0 or PTB Ratio of 0.81. Ballard financial statements analysis is a perfect complement when working with Ballard Power Valuation or Volatility modules.
Ballard | Price To Sales Ratio |
Evaluating Ballard Power's Price To Sales Ratio across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Ballard Power Systems's fundamental strength.
Latest Ballard Power's Price To Sales Ratio Growth Pattern
Below is the plot of the Price To Sales Ratio of Ballard Power Systems over the last few years. Price to Sales Ratio is figured by comparing Ballard Power Systems stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Ballard Power sales, a figure that is much harder to manipulate than other Ballard Power Systems multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. It is a valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period. Ballard Power's Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Ballard Power's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 9.40 X | 10 Years Trend |
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Price To Sales Ratio |
| Timeline |
Ballard Price To Sales Ratio Regression Statistics
| Arithmetic Mean | 11.32 | |
| Geometric Mean | 6.65 | |
| Coefficient Of Variation | 125.25 | |
| Mean Deviation | 9.30 | |
| Median | 7.13 | |
| Standard Deviation | 14.18 | |
| Sample Variance | 201.07 | |
| Range | 54.7746 | |
| R-Value | 0.34 | |
| Mean Square Error | 189.59 | |
| R-Squared | 0.12 | |
| Significance | 0.18 | |
| Slope | 0.96 | |
| Total Sum of Squares | 3,217 |
Ballard Price To Sales Ratio History
About Ballard Power Financial Statements
Ballard Power investors utilize fundamental indicators, such as Price To Sales Ratio, to predict how Ballard Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price To Sales Ratio | 8.19 | 7.78 |
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 together with Ballard Stock
Moving against Ballard Stock
| 0.78 | TSG | Tristar Gold | PairCorr |
| 0.71 | TECK-A | Teck Resources | PairCorr |
| 0.66 | FMAN | Freeman Gold Corp Earnings Call This Week | PairCorr |
| 0.6 | MRG-UN | Morguard North American | PairCorr |
| 0.58 | MX | Methanex | 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.