Canadian Imperial Bank Stock Shares Outstanding
| CM Stock | CAD 86.78 0.56 0.65% |
Canadian Imperial Bank fundamentals help investors to digest information that contributes to Canadian Imperial's financial success or failures. It also enables traders to predict the movement of Canadian Stock. The fundamental analysis module provides a way to measure Canadian Imperial's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Canadian Imperial stock.
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Canadian Imperial Bank Company Shares Outstanding Analysis
Canadian Imperial's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Canadian Imperial Shares Outstanding | 942.37 M |
Most of Canadian Imperial's fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Canadian Imperial Bank is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
| Competition |
Based on the latest financial disclosure, Canadian Imperial Bank has 942.37 M of shares currently outstending. This is 48.65% lower than that of the Banks sector and significantly higher than that of the Financials industry. The shares outstanding for all Canada stocks is 64.8% lower than that of the firm.
Canadian Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canadian Imperial's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Canadian Imperial could also be used in its relative valuation, which is a method of valuing Canadian Imperial by comparing valuation metrics of similar companies.Canadian Imperial is currently under evaluation in shares outstanding category among its peers.
Canadian Fundamentals
| Return On Equity | 0.13 | ||||
| Return On Asset | 0.0071 | ||||
| Profit Margin | 0.30 % | ||||
| Operating Margin | 0.39 % | ||||
| Current Valuation | 71.77 B | ||||
| Shares Outstanding | 942.37 M | ||||
| Shares Owned By Insiders | 0.06 % | ||||
| Shares Owned By Institutions | 54.00 % | ||||
| Number Of Shares Shorted | 21.29 M | ||||
| Price To Earning | 7.12 X | ||||
| Price To Book | 1.53 X | ||||
| Price To Sales | 3.44 X | ||||
| Revenue | 25.53 B | ||||
| Gross Profit | 23.61 B | ||||
| EBITDA | 8.05 B | ||||
| Net Income | 7.12 B | ||||
| Cash And Equivalents | 212.28 B | ||||
| Cash Per Share | 234.66 X | ||||
| Total Debt | 83.4 B | ||||
| Debt To Equity | 0.14 % | ||||
| Book Value Per Share | 60.05 X | ||||
| Cash Flow From Operations | 11.09 B | ||||
| Short Ratio | 6.97 X | ||||
| Earnings Per Share | 7.28 X | ||||
| Price To Earnings To Growth | 4.30 X | ||||
| Target Price | 97.39 | ||||
| Number Of Employees | 48.52 K | ||||
| Beta | 1.1 | ||||
| Market Capitalization | 81.25 B | ||||
| Total Asset | 1.04 T | ||||
| Retained Earnings | 33.47 B | ||||
| Annual Yield | 0.04 % | ||||
| Five Year Return | 4.90 % | ||||
| Net Asset | 1.04 T | ||||
| Last Dividend Paid | 3.6 |
About Canadian Imperial Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canadian Imperial Bank's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canadian Imperial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canadian Imperial Bank 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.
Please read more on our fundamental analysis page.
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
Moving against Canadian Stock
| 0.41 | FFH-PM | Fairfax Financial | PairCorr |
| 0.39 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.38 | FFH | Fairfax Financial | 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Imperial Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.