Ballard Power Systems Stock Beta
| BLDP Stock | CAD 2.92 0.10 3.55% |
As of the 15th of February 2026, Ballard Power shows the Mean Deviation of 2.26, risk adjusted performance of (0.20), and Standard Deviation of 2.92. Ballard Power Systems technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.
Ballard Power Total Revenue |
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Gross Profit | Profit Margin | Market Capitalization | Enterprise Value Revenue 1.5493 | Revenue |
Ballard | Beta |
Ballard Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Ballard Power is extremely important. It helps to project a fair market value of Ballard Stock properly, considering its historical fundamentals such as Beta. Since Ballard Power's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Ballard Power's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Ballard Power's interrelated accounts and indicators.
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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.
| 11/17/2025 |
| 02/15/2026 |
If you would invest 0.00 in Ballard Power on November 17, 2025 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 90 days. Ballard Power is related to or competes with Savaria, Bird Construction, Hammond Power, Transcontinental, Westshore Terminals, Aecon, and Cargojet. 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 | (0.28) | |||
| Maximum Drawdown | 13.91 | |||
| Value At Risk | (5.72) | |||
| Potential Upside | 3.72 |
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 | (0.20) | |||
| Jensen Alpha | (0.85) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | (0.59) |
Ballard Power February 15, 2026 Technical Indicators
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.20) | |||
| Market Risk Adjusted Performance | (0.58) | |||
| Mean Deviation | 2.26 | |||
| Coefficient Of Variation | (383.62) | |||
| Standard Deviation | 2.92 | |||
| Variance | 8.51 | |||
| Information Ratio | (0.28) | |||
| Jensen Alpha | (0.85) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | (0.59) | |||
| Maximum Drawdown | 13.91 | |||
| Value At Risk | (5.72) | |||
| Potential Upside | 3.72 | |||
| Skewness | (0.12) | |||
| Kurtosis | (0.14) |
Ballard Power Systems Backtested Returns
Ballard Power Systems secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the company had a -0.18 % return per unit of risk over the last 3 months. Ballard Power Systems exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ballard Power's Standard Deviation of 2.92, risk adjusted performance of (0.20), and Mean Deviation of 2.26 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.31, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ballard Power will likely underperform. At this point, Ballard Power Systems has a negative expected return of -0.5%. Please make sure to confirm Ballard Power's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Ballard Power Systems performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Ballard Power Systems has good predictability. Overlapping area represents the amount of predictability between Ballard Power time series from 17th of November 2025 to 1st of January 2026 and 1st of January 2026 to 15th of February 2026. 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 0.77 indicates that around 77.0% of current Ballard Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Ballard Power Systems has a Beta of 1.833. This is 33.8% higher than that of the Machinery sector and significantly higher than that of the Industrials industry. The beta for all Canada stocks is notably lower than that of the firm.
Ballard Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ballard Power's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ballard Power could also be used in its relative valuation, which is a method of valuing Ballard Power by comparing valuation metrics of similar companies.Ballard Power is currently under evaluation in beta category among its peers.
Ballard Power Current Valuation Drivers
We derive many important indicators used in calculating different scores of Ballard Power from analyzing Ballard Power's financial statements. These drivers represent accounts that assess Ballard Power's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Ballard Power's important valuation drivers and their relationship over time.
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 (projected) | ||
| Market Cap | 3.7B | 1.4B | 1.1B | 496.9M | 447.2M | 740.0M | |
| Enterprise Value | 2.6B | 529.9M | 371.8M | (83.2M) | (74.9M) | (71.1M) |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ballard Power will likely underperform.
Ballard Fundamentals
| Return On Equity | -0.18 | ||||
| Return On Asset | -0.0845 | ||||
| Profit Margin | (1.33) % | ||||
| Operating Margin | (0.38) % | ||||
| Current Valuation | 190.34 M | ||||
| Shares Outstanding | 300.74 M | ||||
| Shares Owned By Insiders | 15.47 % | ||||
| Shares Owned By Institutions | 28.22 % | ||||
| Number Of Shares Shorted | 3.72 M | ||||
| Price To Book | 1.07 X | ||||
| Price To Sales | 9.73 X | ||||
| Revenue | 69.73 M | ||||
| Gross Profit | (3.37 M) | ||||
| EBITDA | (309.29 M) | ||||
| Net Income | (324.25 M) | ||||
| Cash And Equivalents | 603.95 M | ||||
| Cash Per Share | 3.37 X | ||||
| Total Debt | 23.89 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 15.16 X | ||||
| Book Value Per Share | 2.75 X | ||||
| Cash Flow From Operations | (108.1 M) | ||||
| Short Ratio | 4.63 X | ||||
| Earnings Per Share | (0.54) X | ||||
| Target Price | 2.3 | ||||
| Number Of Employees | 887 | ||||
| Beta | 1.83 | ||||
| Market Capitalization | 878.16 M | ||||
| Total Asset | 777.31 M | ||||
| Retained Earnings | (2.06 B) | ||||
| Working Capital | 623.29 M | ||||
| Current Asset | 254.02 M | ||||
| Current Liabilities | 37.96 M | ||||
| Net Asset | 777.31 M |
About Ballard Power Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ballard Power Systems's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ballard Power using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ballard Power Systems based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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
| 0.86 | EXE | Extendicare | PairCorr |
| 0.84 | WAST | Waste Management CDR | PairCorr |
| 0.7 | SMD | Strategic Metals | PairCorr |
| 0.68 | BBD-PC | Bombardier Pref C | PairCorr |
| 0.68 | BTE | Baytex Energy Corp | 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 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 metropolitan statistical area. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.