Ballard Power Systems Inc

10-Year Study

BLDP.TO · Industrials · CA · Common Stock

Executive Summary: Ballard Power Systems Inc has compounded at 8.3% annually over the last 10 years, with a maximum drawdown of 96.4% and an annualized volatility of 63.0%.

1Y CAGR
+146.5%
3Y CAGR
-11.5%
5Y CAGR
-28.7%
10Y CAGR
+8.3%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
96.4%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.38
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
1.08
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
61.9%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2020 · +220.9%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -59.2%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
50%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-8.9-8.214.318.8————————13.7%
2025-16.7-12.1-9.15.73.625.316.58.337.132.4-21.0-11.246.4%
2024-10.4-2.3-12.3-4.016.0-26.41.3-20.4-2.4-9.1-6.315.5-51.3%
202334.4-10.4-3.3-20.6-5.01.98.1-9.3-12.1-7.44.31.7-24.2%
2022-16.69.40.3-26.7-14.2-11.226.4-0.3-17.5-8.76.3-21.1-59.2%
202146.8-18.6-13.9-12.4-21.77.0-10.15.2-16.426.2-13.3-18.3-46.6%
202040.4-7.4-11.532.64.041.9-8.913.8-7.1-2.336.211.3220.9%
201939.33.3-14.28.917.73.1-0.713.07.811.722.74.6182.9%
2018-18.05.7-4.8-8.3-8.1-2.34.518.018.9-11.6-21.4-14.8-41.0%
20179.04.516.252.0-16.60.3-2.77.449.610.3-4.5-9.7150.5%
2016———11.0-10.4-10.656.58.75.1-8.7-3.0-12.922.7%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 63.0%. The dominant macroeconomic risk driver is SHV.US, accounting for 19.0% of variance. Idiosyncratic stock-specific factors contribute 32.6%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0111104.972375690608
2016-05-019944.75138121547
2016-06-018895.027624309392
2016-07-0113922.651933701658
2016-08-0115138.121546961327
2016-09-0115911.602209944751
2016-10-0114530.38674033149
2016-11-0114088.397790055247
2016-12-0112265.193370165745
2017-01-0113370.165745856353
2017-02-0113977.900552486186
2017-03-0116243.093922651933
2017-04-0124696.132596685078
2017-05-0120607.734806629833
2017-06-0120662.983425414368
2017-07-0120110.497237569063
2017-08-0121602.20994475138
2017-09-0132320.44198895027
2017-10-0135635.359116022104
2017-11-0134033.14917127072
2017-12-0130718.232044198892
2018-01-0125193.370165745855
2018-02-0126629.834254143647
2018-03-0125359.116022099446
2018-04-0123259.66850828729
2018-05-0121381.21546961326
2018-06-0120883.977900552483
2018-07-0121823.204419889502
2018-08-0125745.85635359116
2018-09-0130607.734806629833
2018-10-0127071.82320441989
2018-11-0121270.718232044197
2018-12-0118121.546961325967
2019-01-0125248.618784530387
2019-02-0126077.348066298342
2019-03-0122375.690607734807
2019-04-0124364.6408839779
2019-05-0128674.033149171275
2019-06-0129558.011049723755
2019-07-0129337.016574585632
2019-08-0133149.17127071823
2019-09-0135745.85635359116
2019-10-0139944.75138121547
2019-11-0149005.524861878446
2019-12-0151270.71823204419
2020-01-0171988.95027624308
2020-02-0166629.83425414364
2020-03-0158950.276243093926
2020-04-0178176.7955801105
2020-05-0181325.96685082873
2020-06-01115414.36464088397
2020-07-01105138.12154696132
2020-08-01119613.25966850827
2020-09-01111160.22099447514
2020-10-01108563.5359116022
2020-11-01147845.30386740333
2020-12-01164530.38674033148
2021-01-01241602.20994475135
2021-02-01196685.08287292815
2021-03-01169337.01657458564
2021-04-01148287.29281767955
2021-05-01116077.34806629835
2021-06-01124198.8950276243
2021-07-01111602.20994475138
2021-08-01117458.56353591161
2021-09-0198232.04419889503
2021-10-01123922.65193370165
2021-11-01107458.5635359116
2021-12-0187790.05524861878
2022-01-0173259.66850828729
2022-02-0180110.49723756907
2022-03-0180386.7403314917
2022-04-0158950.276243093926
2022-05-0150607.73480662984
2022-06-0144917.127071823204
2022-07-0156795.58011049723
2022-08-0156629.83425414365
2022-09-0146740.33149171271
2022-10-0142651.93370165745
2022-11-0145359.11602209946
2022-12-0135801.104972375695
2023-01-0148121.54696132598
2023-02-0143093.9226519337
2023-03-0141657.45856353591
2023-04-0133093.9226519337
2023-05-0131436.46408839779
2023-06-0132044.19889502762
2023-07-0134640.88397790055
2023-08-0131436.46408839779
2023-09-0127624.309392265193
2023-10-0125580.11049723757
2023-11-0126685.082872928175
2023-12-0127127.07182320442
2024-01-0124309.39226519337
2024-02-0123756.906077348067
2024-03-0120828.729281767955
2024-04-0120000
2024-05-0123204.419889502762
2024-06-0117071.82320441989
2024-07-0117292.81767955801
2024-08-0113756.906077348067
2024-09-0113425.414364640885
2024-10-0112209.944751381214
2024-11-0111436.464088397788
2024-12-0113204.419889502764
2025-01-0110994.475138121546
2025-02-019668.508287292818
2025-03-018784.53038674033
2025-04-019281.767955801104
2025-05-019613.259668508286
2025-06-0112044.198895027625
2025-07-0114033.149171270717
2025-08-0115193.370165745857
2025-09-0120828.729281767955
2025-10-0127569.060773480665
2025-11-0121767.955801104974
2025-12-0119337.016574585636
2026-01-0117624.309392265193
2026-02-0116187.845303867403
2026-03-0118508.28729281768
2026-04-0121988.950276243093
Annual Return Matrix
YearAnnual Return
20171.5045045045045042
2018-0.41007194244604317
20191.8292682926829267
20202.2090517241379315
2021-0.46642041638683684
2022-0.592196349905601
2023-0.24228395061728403
2024-0.5132382892057026
20250.4644351464435146
20260.13714285714285723
Total Factor Risk
0.6295850012118088
VTI.US Exposure
0.1447865533406964
VEA.US Exposure
0.039742266792032944
VWO.US Exposure
0.025348716356516872
QQQ.US Exposure
0.026496285794611336
VTV.US Exposure
0.05231043227850324
IJR.US Exposure
0.12396263260214198
QUAL.US Exposure
0.004511014141196889
SHV.US Exposure
0.1896316908931965
TLT.US Exposure
-0.019509979604233646
LQD.US Exposure
0.03295541913138651
HYG.US Exposure
-0.008453683347397455
GLD.US Exposure
-0.0003462870975082347
USO.US Exposure
0.004972545797785124
VNQ.US Exposure
0.034703512050581725
BTC-USD.CC Exposure
0.02373223170273705
CPER.US Exposure
0.026645809738042012
VIX.INDX Exposure
-0.027768648773500017
UUP.US Exposure
-0.0020308694490042815
TIP.US Exposure
0.0023983449897539482
Idiosyncratic Exposure
0.3259120126624612
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
63.0%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$1.0B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+23.7%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+14.1%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
28.8% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.54
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Ballard Power Systems Inc a high-risk investment?

Ballard Power Systems Inc (BLDP.TO) has an annualized volatility of 63.0% and experienced a maximum drawdown of 96.4% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of BLDP.TO?

Over the past 10 years, BLDP.TO has generated a Compound Annual Growth Rate (CAGR) of 8.3%. It has had a positive return in 50% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

Run a Full Backtest on Ballard Power Systems Inc

stresstest.pro lets you simulate DCA vs Lump Sum, Monte Carlo projections, portfolio optimisation, and more — all in seconds.

Start a Free Backtest