Celestica Inc Trading 2.18 percent Higher on Nov 19 - GuruFocus.com
| CLS Stock | CAD 151.82 6.29 3.98% |
About 62% of Celestica's investor base is looking to short. The analysis of overall sentiment of trading Celestica stock suggests that many investors are alarmed at this time. Celestica's investing sentiment overview a quick insight into current market opportunities from investing in Celestica. Many technical investors use Celestica stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Celestica |
Celestica Inc Trading 2.18 percent Higher on Nov 19 GuruFocus.com
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Celestica Fundamental Analysis
We 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Celestica is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Celestica Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Celestica stock to make a market-neutral strategy. Peer analysis of Celestica could also be used in its relative valuation, which is a method of valuing Celestica by comparing valuation metrics with similar companies.
Peers
Celestica Related Equities
| GIB-A | CGI | 1.24 | ||||
| CAE | CAE | 0.90 | ||||
| DSG | Descartes Systems | 0.57 | ||||
| CCA | Cogeco Communications | 0.06 | ||||
| CFP | Canfor | 0.07 |
Check out Celestica Hype Analysis, Celestica Correlation and Celestica Performance. To learn how to invest in Celestica Stock, please use our How to Invest in Celestica guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.