Celestica's $940M Volume Plummets to 140th in Liquidity Ranking as Top 500 High-Volume Stocks Surge 166.71% Since 2022 Outperforming Benchmark by 137.53%

Celestica (CLS) closed on July 31, 2025, with a 1.26% decline, marking a 30.7% drop in daily trading volume to $940 million, ranking 140th among stocks by liquidity. The subdued volume contrasted with its recent momentum, signaling potential short-term volatility amid shifting market dynamics.

A volume-driven trading strategy—purchasing the top 500 stocks by daily volume and holding for one day—delivered a 166.71% return from 2022 to July 30, 2025. This outperformed the benchmark’s 29.18% gain, generating a 137.53% excess return. The approach highlights the role of high-liquidity assets in capturing short-term price momentum, as seen in stocks with volume surges like Xylem and Verisign.

The strategy’s consistency across time frames suggests effective risk-adjusted returns, leveraging concentrated exposure to volatile yet liquid equities. While high-volume stocks often exhibit strong momentum, their inherent volatility necessitates caution. Investors adopting similar tactics must balance liquidity advantages with market exposure risks.

Backtesting results confirm the strategy’s robust performance, with a 166.71% cumulative return from 2022 to July 30, 2025. This significantly exceeded the benchmark’s 29.18% return, achieving a 137.53% excess return. The data underscores the potential of liquidity-focused strategies in short-term trading, though volatility remains a critical factor.