2.85 -0.02 (-0.7%) Buy

Search for alternative investments is on for BLDP investors as it underperforms

13 min read

BALLARD POWER SYSTEMS INC. (Foreign) was among the worst performers today. It returned -0.7% to close at 2.85. It's recent 5 day performance has been -3.37%, +0.68%, -1.01%, 0.0% and +0.34%.

[Themes containing BLDP]

BLDP is currently in a up trend. The previous long signal in BLDP has not been profitable for investors in general. If you are invested in BLDP at current levels please make sure that your allocation is limited and that your portfolio is well diversified.


BLDP has been underperforming the SP500 index in recent time, after having outperformed till 6 Nov, 2017. Over the last 2 years 11 months and 3 days, BLDP outperformed the SP500 index on 47% days. Which indicates that on days BLDP outperforms the SP500 index, it's performance is marginally better than on the days it underperforms the SP500 index.

During the last three months BLDP was mostly loss making and delivered on average -0.32% per day. It's best return during this period (of +12.17%) was on Friday, 14 Sep, 2018. While it's worst loss in the same period (of -19.62%) was on Thursday, 1 Nov, 2018. There was initially a bullish trend during this period which started on 14 Sep, 2018 and went on till 20 Sep, 2018. The bullish trend returned +31.35% to investors. This was followed by a bearish trend that started on 17 Oct, 2018 and ended on 24 Oct, 2018. This bearish trend lost -11.32% of investor capital.

On monthly basis, BLDP delivered losses in more months over the last year, than profits. BLDP delivered profits less regularly than SP500 index. BLDP significantly outperformed SP500 index in Sep 2018, when it returned +21.47% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. BLDP had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Mar 2018 to Jun 2018) during which period it delivered -20.2%.

I have probably purchased fifty 'hot tips' in my career, maybe even more. When I put them all together, I know I am a net loser.
-- Charles Schwab

BLDP is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant fall in BLDP's volatility from 14 Sep, 2018 to 30 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 10 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that BLDP has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.

SP500 index has more chance of extreme outcomes than BLDP. Therefore, SP500 must receive a lower allocation than BLDP in your portfolio. SP500 index usually has shorter drawdown period than BLDP.

On a general note (since you are interested in BLDP), three large cap instruments that deserve special mention are PFE, CSCO and V. They have all outperformed the market and must be closely watched for investment opportunities.

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