Celestica Story

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CLS -- USA Stock  

USD 8.42  0.25  3.06%

As many of us are excited about technology space, it is fair to sum up Celestica within current market trends. As we have suggested previously, Celestica is beginning its fall as retail investors shift to be more bearish due to the increased sector volatility. The returns on the market and returns on Celestica appear slightly correlated to each other for the last few months. Weak basic indicators of the enterprise may also connote signs of long-running losses for Celestica retail investors. Celestica is scheduled to announce its earnings today. The next earnings report is expected on the 5th of May 2021.
Published over a month ago
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Should I shadow Celestica (NYSE:CLS) retail investors?
Celestica's average rating is Hold from 6 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Celestica market sentiment investors' perception of the future value of Celestica. Let us look at a few aspects of Celestica technical analysis.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Celestica. In general, we focus on analyzing Celestica stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Celestica's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Celestica's intrinsic value. In addition to deriving basic predictive indicators for Celestica, we also check how macroeconomic factors affect Celestica price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Celestica's stock 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. Please use the tools below to analyze the current value of Celestica in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Celestica. Your research has to be compared to or analyzed against Celestica's peers to derive any actionable benefits. When done correctly, Celestica's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Celestica.

How does Celestica Stands against Peers?

Analyzing Celestica competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Celestica across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out Celestica Competition Details

How Celestica utilizes its cash?

To perform a cash flow analysis of Celestica, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Celestica is receiving and how much cash it distributes out in a given period. The Celestica cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Celestica Net Cash Flow from Operations is relatively stable at the moment as compared to the past year. Celestica reported last year Net Cash Flow from Operations of 310.5 Million

Closer look at Celestica Semi Deviation

Celestica has current Semi Deviation of 2.53. Semi-deviation provides a good measure of downside risk for a equity or a portfolio. It is similar to standard deviation, but it only looks at periods where the returns are less than the target or average level.

Semi-deviation is the square root of semi-variance. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.

Semi Deviation 
SQRT = Square root notation
SV =   Celestica semi variance of returns over selected period
Let's now compare Celestica Semi Deviation to its closest peers:

Celestica to revert back in February

Latest kurtosis is at 6.39. As of the 27th of January, Celestica shows the Risk Adjusted Performance of 0.163, downside deviation of 3.04, and Mean Deviation of 2.39. Celestica technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We are able to interpolate and collect nineteen technical drivers for Celestica, which can be compared to its rivals. Please confirm Celestica downside deviation, jensen alpha, as well as the relationship between the Jensen Alpha and downside variance to decide if Celestica is priced correctly, providing market reflects its regular price of 8.38 per share. Given that Celestica has jensen alpha of 0.7692, we suggest you to validate Celestica's prevailing market performance to make sure the company can sustain itself at a future point.

Our Final Take On Celestica

While many of the other players within the electronic components industry are still a little expensive, even after the recent corrections, Celestica may offer a potential longer-term growth to retail investors. While some retail investors may not share our view, we believe that right now is not a good time to increase your holdings in Celestica. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Celestica.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Celestica. Please refer to our Terms of Use for any information regarding our disclosure principles.

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