Celestica Stock Story

CLS

Stock

USD 10.94 0.02 0.18%

Macroaxis Story

As many rational traders are trying to avoid technology space, it makes sense to sum up Celestica a little further and understand how it stands against On Semiconductor and other similar entities. We are going to discuss some of the competitive aspects of both Celestica and On Semiconductor.

Published over a week ago

View all stories for Celestica | View All Stories

Celestica Sentiment by News Outlets

Celestica Historical Investor Sentiment

Investor biases related to Celestica's public news can be used to forecast risks associated with 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 equiteis 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 estimate score, the more favorable is the investor's outlook on Celestica.

Celestica Twitter Pulse

Investors have realized that leveraging social media to get the fastest information affecting stock prices isn't a theory anymore, it is a reality, and Twitter offers a platform that can outpace even the most trustworthy news aggregators. The influence of social media outlets on stock markets and stock prices of entities such as Celestica has been proven in recent years. We extract public sentiment from Twitter posts that could be utilized to determine whether Celestica's prices will increase or decrease.

Twitter's metrics such as likes, followers, and engagement can be good indicators of the reliance and probability of reaction to a specific tweet regarding Celestica. Our Twitter sentiment analysis of Celestica Stock helps investors make informed decisions by leveraging the power of the community. It is a perfect supplementary tool for any beginner or an experienced trader.

Will Celestica (NYSE:CLS) retail investors shift to On Semiconductor (NASDAQ:ON)?

By analyzing existing essential indicators between Celestica and On Semiconductor, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in On Semiconductor with a short position in Celestica. Check out our pair correlation module for more information.

Let's begin by analyzing the assets.

The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Celestica has an asset utilization ratio of 228.56 percent. This connotes that the company is making $2.29 for each dollar of assets. An increasing asset utilization means that Celestica is more efficient with each dollar of assets it utilizes for everyday operations.

Will Celestica (NYSE:CLS) retail investors shift to On Semiconductor (NASDAQ:ON)?

Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two companies, such as Celestica or Alcoa is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.

How important is Celestica's Liquidity

Celestica financial leverage refers to using borrowed capital as a funding source to finance Celestica ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Celestica financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Celestica's total debt and its cash.

Correlation Between Celestica and Alcoa Corp

In general, stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding Celestica together with similar or unrelated positions with a negative correlation. For example, you can also add Alcoa Corp to your portfolio. If Alcoa Corp is not perfectly correlated to Celestica it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When Celestica for example, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down.

Please check pair correlation details between CLS and AA for more information.

An Additional Perspective On Celestica

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.

Revenue Breakdown

Let me now go over Celestica revenue. Based on the latest financial disclosure, Celestica reported 5.97 B of revenue. This is 46.48% higher than that of the Technology sector and 287.98% higher than that of the Electronic Components industry. The revenue for all United States stocks is 36.72% higher than that of Celestica. As for On Semiconductor we see revenue of 6.74 B, which is 338.02% higher than that of the Electronic Components

	Celestica	5.97 Billion
	Sector	1.54 Billion
	On Semiconductor	6.74 Billion

6 B

Celestica

1.5 B

Sector

6.7 B

On Semiconductor

Celestica may start a correction in August

The skewness is down to -0.13 as of today. Celestica exhibits very low volatility with skewness of -0.13 and kurtosis of 1.34. However, we advise investors to further study Celestica technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Celestica's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Celestica's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Celestica Implied Volatility

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.

Our Final Perspective on Celestica

While few other entities under the electronic components industry are still a bit expensive, Celestica may offer a potential longer-term growth to retail investors. With a relatively neutral outlook on the latest economy, it is better to hold off any trading of Celestica as the current risk-reward utility is not appealing enough. 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.

Editorial Staff

Gabriel Shpitalnik is a Member of Macroaxis Editorial Board. Gabriel is a young entrepreneur and writes predominantly on the business, technology, and finance sector. He likes to analyze different equity instruments across a wide range of industries focusing primarily on consumer products and evolving technologies. View Profile

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 Gabriel Shpitalnik do not own shares of Celestica. Please refer to our Terms of Use for any information regarding our disclosure principles.

Would you like to provide feedback on the content of this article?

You can get in touch with us directly or send us a quick note via email to editors@macroaxis.com

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2022 Macroaxis LLC