Celestica, Inc. Hits Fresh High Is There Still Room to Run?
| CLS Stock | USD 89.16 2.28 2.49% |
Slightly above 61% 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 can be driven by a variety of factors including economic data, Celestica's earnings reports, geopolitical events, and overall market trends.
Celestica |
Celestica is at a 52-week high, but can investors hope for more gains in the future We take a look at the companys fundamentals for clues.
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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.
Price To Earnings To Growth
Price To Earnings To Growth Comparative Analysis
Celestica is currently under evaluation in price to earnings to growth category among its peers. PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.
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
| MEI | Methode Electronics | 7.72 | ||||
| CTS | CTS | 2.09 | ||||
| BELFA | Bel Fuse | 1.98 | ||||
| FLEX | Flex | 1.90 | ||||
| PLXS | Plexus Corp | 1.49 | ||||
| BHE | Benchmark Electronics | 1.09 | ||||
| JBL | Jabil Circuit | 0.37 | ||||
| FN | Fabrinet | 0.18 | ||||
| SANM | Sanmina | 0.14 | ||||
| OSIS | OSI Systems | 0.25 |
Additional 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.