Celestica Stock Alpha and Beta Analysis
| CLS Stock | CAD 120.37 1.50 1.26% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Celestica. It also helps investors analyze the systematic and unsystematic risks associated with investing in Celestica over a specified time horizon. Remember, high Celestica's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Celestica's market risk premium analysis include:
Beta 1.03 | Alpha 0.81 | Risk 3.66 | Sharpe Ratio 0.3 | Expected Return 1.08 |
Celestica Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Celestica |
Celestica Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Celestica market risk premium is the additional return an investor will receive from holding Celestica long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Celestica. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Celestica's performance over market.| α | 0.81 | β | 1.03 |
Celestica expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Celestica's Buy-and-hold return. Our buy-and-hold chart shows how Celestica performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Celestica Market Price Analysis
Market price analysis indicators help investors to evaluate how Celestica stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Celestica shares will generate the highest return on investment. By understating and applying Celestica stock market price indicators, traders can identify Celestica position entry and exit signals to maximize returns.
Celestica Return and Market Media
The median price of Celestica for the period between Mon, Sep 2, 2024 and Sun, Dec 1, 2024 is 79.82 with a coefficient of variation of 26.12. The daily time series for the period is distributed with a sample standard deviation of 22.74, arithmetic mean of 87.05, and mean deviation of 20.34. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Celestica, Inc. Is a Trending Stock Facts to Know Before Betting on It - Yahoo Finance | 09/24/2024 |
2 | Wall Street SWOT Celestica stock rides AI wave amid hyperscaler demand surge - Investing.com | 09/27/2024 |
3 | Celestica Inc Shares Gap Down to 49.35 on Oct 1 - GuruFocus.com | 10/01/2024 |
4 | Celestica Inc Trading 2.18 percent Higher on Nov 19 - GuruFocus.com | 11/19/2024 |
About Celestica Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Celestica or other stocks. Alpha measures the amount that position in Celestica has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 81.64 | 70.16 | 82.33 | 42.87 | PTB Ratio | 0.96 | 0.83 | 1.99 | 1.67 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Celestica in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Celestica's short interest history, or implied volatility extrapolated from Celestica options trading.
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Check out Celestica Backtesting, Celestica Valuation, Celestica Correlation, Celestica Hype Analysis, Celestica Volatility, Celestica History and analyze Celestica Performance. To learn how to invest in Celestica Stock, please use our How to Invest in Celestica guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Celestica technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.