Canadian Imperial Bank Stock Market Value
| CM Stock | USD 47.22 0.17 0.36% |
| Symbol | Canadian |
Canadian Imperial Bank Price To Book Ratio
Is Canadian Imperial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canadian Imperial. If investors know Canadian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canadian Imperial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.559 | Dividend Share 3.49 | Earnings Share 4.75 | Revenue Per Share 23.121 | Return On Assets 0.0067 |
The market value of Canadian Imperial Bank is measured differently than its book value, which is the value of Canadian that is recorded on the company's balance sheet. Investors also form their own opinion of Canadian Imperial's value that differs from its market value or its book value, called intrinsic value, which is Canadian Imperial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canadian Imperial's market value can be influenced by many factors that don't directly affect Canadian Imperial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canadian Imperial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Imperial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Imperial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Canadian Imperial 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Canadian Imperial's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Canadian Imperial.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Canadian Imperial on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Canadian Imperial Bank or generate 0.0% return on investment in Canadian Imperial over 30 days. Canadian Imperial is related to or competes with Bank of Montreal, Toronto Dominion, Royal Bank, Citigroup, Bank of Nova Scotia, Bank of America, and JPMorgan Chase. Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and service... More
Canadian Imperial Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Canadian Imperial's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Canadian Imperial Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | 0.0033 | |||
| Maximum Drawdown | 4.78 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.61 |
Canadian Imperial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canadian Imperial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canadian Imperial's standard deviation. In reality, there are many statistical measures that can use Canadian Imperial historical prices to predict the future Canadian Imperial's volatility.| Risk Adjusted Performance | 0.0404 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0032 | |||
| Treynor Ratio | 0.0424 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canadian Imperial's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Canadian Imperial Bank Backtested Returns
We consider Canadian Imperial very steady. Canadian Imperial Bank secures Sharpe Ratio (or Efficiency) of 0.0699, which signifies that the company had a 0.0699% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Canadian Imperial Bank, which you can use to evaluate the volatility of the firm. Please confirm Canadian Imperial's Mean Deviation of 0.789, risk adjusted performance of 0.0404, and Downside Deviation of 1.05 to double-check if the risk estimate we provide is consistent with the expected return of 0.0702%. Canadian Imperial has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.15, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Canadian Imperial will likely underperform. Canadian Imperial Bank right now shows a risk of 1.0%. Please confirm Canadian Imperial Bank sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Canadian Imperial Bank will be following its price patterns.
Auto-correlation | -0.55 |
Good reverse predictability
Canadian Imperial Bank has good reverse predictability. Overlapping area represents the amount of predictability between Canadian Imperial time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Canadian Imperial Bank price movement. The serial correlation of -0.55 indicates that about 55.0% of current Canadian Imperial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 1.31 |
Canadian Imperial Bank lagged returns against current returns
Autocorrelation, which is Canadian Imperial stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Canadian Imperial's stock expected returns. We can calculate the autocorrelation of Canadian Imperial returns to help us make a trade decision. For example, suppose you find that Canadian Imperial has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Canadian Imperial regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Canadian Imperial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canadian Imperial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canadian Imperial stock over time.
Current vs Lagged Prices |
| Timeline |
Canadian Imperial Lagged Returns
When evaluating Canadian Imperial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canadian Imperial stock have on its future price. Canadian Imperial autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Canadian Imperial autocorrelation shows the relationship between Canadian Imperial stock current value and its past values and can show if there is a momentum factor associated with investing in Canadian Imperial Bank.
Regressed Prices |
| Timeline |
Pair Trading with Canadian Imperial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canadian Imperial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canadian Imperial will appreciate offsetting losses from the drop in the long position's value.Moving together with Canadian Stock
| 0.89 | C | Citigroup Financial Report 12th of July 2024 | PairCorr |
| 0.91 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
| 0.8 | RY | Royal Bank Financial Report 23rd of May 2024 | PairCorr |
The ability to find closely correlated positions to Canadian Imperial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Imperial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canadian Imperial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canadian Imperial Bank to buy it.
The correlation of Canadian Imperial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canadian Imperial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Imperial Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canadian Imperial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Canadian Imperial Correlation, Canadian Imperial Volatility and Canadian Imperial Alpha and Beta module to complement your research on Canadian Imperial. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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When running Canadian Imperial's price analysis, check to measure Canadian Imperial'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 Canadian Imperial is operating at the current time. Most of Canadian Imperial's value examination focuses on studying past and present price action to predict the probability of Canadian Imperial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Imperial's price. Additionally, you may evaluate how the addition of Canadian Imperial to your portfolios can decrease your overall portfolio volatility.
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