Celestica Stock Filter Stocks by Fundamentals

CLS Stock  USD 44.94  0.62  1.36%   
Celestica fundamentals help investors to digest information that contributes to Celestica's financial success or failures. It also enables traders to predict the movement of Celestica Stock. The fundamental analysis module provides a way to measure Celestica's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Celestica stock.
  
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Celestica Fundamentals

About Celestica Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Celestica's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Celestica using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Celestica 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.
Celestica Inc. provides hardware platform and supply chain solutions in North America, Europe, and Asia. Celestica Inc. was incorporated in 1994 and is headquartered in Toronto, Canada. Celestica operates under Electronic Components classification in the United States and is traded on New York Stock Exchange. It employs 18643 people.

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

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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.
Pair CorrelationCorrelation Matching
When determining whether Celestica is a strong investment it is important to analyze Celestica's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Celestica's future performance. For an informed investment choice regarding Celestica Stock, refer to the following important reports:
Check out Celestica Piotroski F Score and Celestica Altman Z Score analysis.
For more information on how to buy Celestica Stock please use our How to Invest in Celestica guide.
You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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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
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.