CELESTICA INC (Foreign) is a falling knife that can bleed you if you catch it on Monday. It lost -1.98% to close at 8.92 which is it's 52 week low, down -28% from it's 52 week high.
CLS is currently in a down trend. Over the last three months 2 bearish signals have generated a profit of +20.49% for investors.
CLS returned losses on 61% days in the last three months. During this time, it delivered on average -0.39% per day. It delivered it's worst daily return of -11.03%, during this period, on Thursday, 25 Oct, 2018. There was initially a bearish trend during this period which started on 27 Sep, 2018 and went on till 9 Oct, 2018. The trend delivered -9.19% losses to investors. This was followed by a bullish trend that started on 29 Oct, 2018 and ended on 2 Nov, 2018. This bullish trend delivered +10.47% to investors.
CLS had 4 profitable and 8 loss making months over the last year. During the last year, CLS underperformed SP500 index on monthly return basis. CLS significantly outperformed SP500 index in Apr 2018, when it returned +13.86% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. CLS had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Sep 2018 to Dec 2018) during which period it delivered -28.36%.
Glamour is what I sell, it's my stock in trade.
-- Marlene Dietrich
CLS is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in CLS's volatility from 2 Oct, 2018 to 25 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that CLS has significant positive skewness in it's return distribution. This indicates that investors can expect CLS to recover from drawdowns quickly. Which makes CLS a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
Based on your interest in CLS you may find it interesting to know that ZBRA is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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