Celestica Stock Market Value
| CLS Stock | USD 44.10 0.34 0.78% |
| Symbol | Celestica |
Celestica Price To Book Ratio
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 1.026 | Earnings Share 2.03 | Revenue Per Share 66.286 | Quarterly Revenue Growth 0.048 | Return On Assets 0.0405 |
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.
Celestica '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 Celestica'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 Celestica.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Celestica on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Celestica or generate 0.0% return on investment in Celestica over 30 days. Celestica is related to or competes with Plexus Corp, Benchmark Electronics, Flex, Jabil Circuit, Sanmina, Methode Electronics, and OSI Systems. Celestica Inc. provides hardware platform and supply chain solutions in North America, Europe, and Asia More
Celestica 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 Celestica'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 Celestica upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.81 | |||
| Information Ratio | 0.1469 | |||
| Maximum Drawdown | 19.32 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 5.52 |
Celestica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Celestica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Celestica's standard deviation. In reality, there are many statistical measures that can use Celestica historical prices to predict the future Celestica's volatility.| Risk Adjusted Performance | 0.1176 | |||
| Jensen Alpha | 0.3965 | |||
| Total Risk Alpha | 0.1186 | |||
| Sortino Ratio | 0.1733 | |||
| Treynor Ratio | 0.2783 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Celestica's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Celestica Backtested Returns
Celestica appears to be very steady, given 3 months investment horizon. Celestica secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. By analyzing Celestica's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please makes use of Celestica's Mean Deviation of 2.62, risk adjusted performance of 0.1176, and Downside Deviation of 2.81 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Celestica holds a performance score of 13. The firm shows a Beta (market volatility) of 2.05, 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, Celestica will likely underperform. Please check Celestica's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Celestica's price patterns will revert.
Auto-correlation | -0.66 |
Very good reverse predictability
Celestica has very good reverse predictability. Overlapping area represents the amount of predictability between Celestica time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Celestica price movement. The serial correlation of -0.66 indicates that around 66.0% of current Celestica price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 2.76 |
Celestica lagged returns against current returns
Autocorrelation, which is Celestica stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Celestica's stock expected returns. We can calculate the autocorrelation of Celestica returns to help us make a trade decision. For example, suppose you find that Celestica has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Celestica regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Celestica stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Celestica stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Celestica stock over time.
Current vs Lagged Prices |
| Timeline |
Celestica Lagged Returns
When evaluating Celestica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Celestica stock have on its future price. Celestica autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Celestica autocorrelation shows the relationship between Celestica stock current value and its past values and can show if there is a momentum factor associated with investing in Celestica.
Regressed Prices |
| Timeline |
Celestica Investors Sentiment
The influence of Celestica's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Celestica. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Celestica's public news can be used to forecast risks associated with an investment in Celestica. The trend in average sentiment can be used to explain how an investor holding Celestica can time the market purely based on public headlines and social activities around Celestica. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Celestica's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Celestica's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Celestica's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Celestica.
Celestica Implied Volatility | 75.94 |
Celestica's implied volatility exposes the market's sentiment of Celestica stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Celestica's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Celestica stock will not fluctuate a lot when Celestica's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Celestica in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Celestica's short interest history, or implied volatility extrapolated from Celestica options trading.
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
| 0.88 | CDW | CDW Corp Earnings Call This Week | PairCorr |
Moving against Celestica Stock
| 0.9 | AAPL | Apple Inc Earnings Call Next Week | PairCorr |
| 0.89 | COMM | CommScope Holding Buyout Trend | PairCorr |
| 0.83 | LPL | LG Display Financial Report 20th of May 2024 | PairCorr |
| 0.78 | DZSI | DZS Inc Financial Report 13th of May 2024 | PairCorr |
| 0.78 | ADTN | ADTRAN Inc Financial Report 13th of May 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 Celestica Correlation, Celestica Volatility and Celestica Alpha and Beta module to complement your research on Celestica. For more information on how to buy Celestica Stock please use our How to Invest in Celestica guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Celestica Stock analysis
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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Celestica technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.