Celestica Treasury Stock vs Cash And Equivalents Analysis
CLS Stock | USD 55.92 1.48 2.58% |
Celestica financial indicator trend analysis is way more than just evaluating Celestica prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Celestica is a good investment. Please check the relationship between Celestica Treasury Stock and its Cash And Equivalents accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Celestica. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Celestica Stock please use our How to Invest in Celestica guide.
Treasury Stock vs Cash And Equivalents
Treasury Stock vs Cash And Equivalents Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Celestica Treasury Stock account and Cash And Equivalents. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Celestica's Treasury Stock and Cash And Equivalents is -0.53. Overlapping area represents the amount of variation of Treasury Stock that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of Celestica, assuming nothing else is changed. The correlation between historical values of Celestica's Treasury Stock and Cash And Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Treasury Stock of Celestica are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Treasury Stock i.e., Celestica's Treasury Stock and Cash And Equivalents go up and down completely randomly.
Correlation Coefficient | -0.53 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Treasury Stock
Cash And Equivalents
Most indicators from Celestica's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Celestica current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Celestica. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Celestica Stock please use our How to Invest in Celestica guide.At this time, Celestica's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 8.59 in 2024, whereas Selling General Administrative is likely to drop slightly above 268.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 487M | 636.3M | 752.5M | 503.6M | Total Revenue | 5.6B | 7.3B | 8.1B | 5.4B |
Celestica fundamental ratios Correlations
Click cells to compare fundamentals
Celestica Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Celestica fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.6B | 3.7B | 4.7B | 5.6B | 5.9B | 4.3B | |
Short Long Term Debt Total | 698.7M | 585.9M | 794.4M | 786.1M | 778.8M | 483.4M | |
Other Current Liab | 410.1M | 584M | 916M | 1.5B | 1.8B | 1.9B | |
Total Current Liabilities | 1.5B | 1.6B | 2.3B | 3.1B | 3.2B | 1.7B | |
Total Stockholder Equity | 1.4B | 1.4B | 1.5B | 1.7B | 1.8B | 1.5B | |
Property Plant And Equipment Net | 459.1M | 433.5M | 452.5M | 510.3M | 623.5M | 358.8M | |
Net Debt | 219.2M | 122.1M | 400.4M | 411.6M | 410.3M | 430.8M | |
Retained Earnings | (1.4B) | (1.4B) | (1.3B) | (1.1B) | (835.3M) | (877.1M) | |
Accounts Payable | 898M | 854.5M | 1.2B | 1.4B | 1.3B | 1.1B | |
Cash | 479.5M | 463.8M | 394M | 374.5M | 368.5M | 553.6M | |
Non Current Assets Total | 968.7M | 926.9M | 1.2B | 1.3B | 1.4B | 848.7M | |
Non Currrent Assets Other | 26.4M | 25.5M | 25.2M | 34.8M | 27.5M | 26.2M | |
Cash And Short Term Investments | 479.5M | 463.8M | 394M | 374.5M | 368.5M | 553.6M | |
Net Receivables | 1.1B | 1.1B | 1.3B | 1.4B | 1.8B | 1.0B | |
Good Will | 198.3M | 198.6M | 324.2M | 321.8M | 320.1M | 323.6M | |
Common Stock Shares Outstanding | 131.8M | 129.1M | 126.7M | 123.6M | 120.3M | 147.6M | |
Liabilities And Stockholders Equity | 3.6B | 3.7B | 4.7B | 5.6B | 5.9B | 4.3B | |
Non Current Liabilities Total | 730.2M | 676.9M | 950.4M | 895.1M | 898.1M | 507.3M | |
Inventory | 992.2M | 1.1B | 1.7B | 2.4B | 2.1B | 1.1B | |
Other Current Assets | 59.2M | 81.7M | 75.4M | 202.8M | 227.3M | 238.7M | |
Other Stockholder Equity | 967.8M | 958.8M | 980.9M | 1.0B | 945.6M | 1.5B | |
Total Liab | 2.2B | 2.3B | 3.2B | 4.0B | 4.1B | 2.2B | |
Property Plant And Equipment Gross | 459.1M | 433.5M | 452.5M | 510.3M | 1.5B | 1.6B | |
Total Current Assets | 2.6B | 2.7B | 3.4B | 4.3B | 4.5B | 3.1B | |
Accumulated Other Comprehensive Income | (23.6M) | (15.2M) | (26.8M) | (1.3M) | (14.8M) | (14.1M) | |
Short Term Debt | 132.6M | 99.8M | 51.5M | 52.2M | 51.3M | 50.0M | |
Intangible Assets | 251.3M | 229.4M | 382M | 346.5M | 325.2M | 260.0M | |
Other Liab | 152M | 174.3M | 200.1M | 161.2M | 185.4M | 126.0M | |
Other Assets | 50.3M | 56.1M | 72.4M | 122.4M | 1.0 | 0.95 | |
Long Term Debt | 471.4M | 486.1M | 742.9M | 733.9M | 589.3M | 479.8M | |
Common Stock | 1.8B | 1.8B | 1.8B | 1.7B | 1.7B | 2.2B | |
Property Plant Equipment | 459.1M | 433.5M | 452.5M | 510.3M | 459.3M | 375.0M | |
Current Deferred Revenue | 33.6M | 39.9M | 47.7M | 68.9M | 64.5M | 61.2M | |
Common Stock Total Equity | 2.0B | 2.0B | 1.8B | 1.8B | 1.7B | 2.0B | |
Treasury Stock | (20.2M) | (14.8M) | (15.7M) | (48.9M) | (44.0M) | (41.8M) | |
Net Tangible Assets | 896.9M | 971.7M | 756.8M | 1.0B | 901.9M | 831.1M | |
Deferred Long Term Liab | 4.1M | 3.3M | 4.7M | 3.2M | 2.9M | 2.7M | |
Short Long Term Debt | 139.6M | 99.8M | 51.5M | 52.2M | 17M | 16.2M | |
Long Term Debt Total | 559.1M | 486.1M | 742.9M | 733.9M | 844.0M | 519.5M |
Pair Trading with Celestica
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 Celestica 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 Celestica will appreciate offsetting losses from the drop in the long position's value.Moving together with Celestica Stock
0.76 | FN | Fabrinet Fiscal Year End 19th of August 2024 | PairCorr |
0.68 | KE | Kimball Electronics Fiscal Year End 21st of August 2024 | PairCorr |
0.73 | KN | Knowles Cor | PairCorr |
0.83 | UI | Ubiquiti Networks Fiscal Year End 23rd of August 2024 | PairCorr |
Moving against Celestica Stock
0.82 | AMPGW | AmpliTech Group | PairCorr |
0.71 | EMKR | EMCORE Fiscal Year End 10th of December 2024 | PairCorr |
0.7 | BAERW | Bridger Aerospace | PairCorr |
0.57 | EVLV | Evolv Technologies | PairCorr |
0.44 | VIAV | Viavi Solutions Fiscal Year End 8th of August 2024 | PairCorr |
The ability to find closely correlated positions to Celestica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Celestica 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 Celestica - 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 Celestica to buy it.
The correlation of Celestica 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 Celestica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Celestica 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 Celestica 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 Celestica. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Celestica Stock please use our How to Invest in Celestica guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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When running Celestica's price analysis, check to measure Celestica's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Celestica is operating at the current time. Most of Celestica's value examination focuses on studying past and present price action to predict the probability of Celestica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Celestica's price. Additionally, you may evaluate how the addition of Celestica to your portfolios can decrease your overall portfolio volatility.
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Is Celestica's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Celestica. If investors know Celestica will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Celestica listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.25 | Earnings Share 2.68 | Revenue Per Share 69.739 | Quarterly Revenue Growth 0.202 | Return On Assets 0.0499 |
The market value of Celestica is measured differently than its book value, which is the value of Celestica that is recorded on the company's balance sheet. Investors also form their own opinion of Celestica's value that differs from its market value or its book value, called intrinsic value, which is Celestica's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Celestica's market value can be influenced by many factors that don't directly affect Celestica's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Celestica's value and its price as these two are different measures arrived at by different means. Investors typically determine if Celestica is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Celestica's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.