Canadian Imperial Bank Stock Working Capital
| 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 Working Capital Analysis
Canadian Imperial's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
Working Capital | = | Current Assets | - | Current Liabilities |
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
| Competition |
In accordance with the company's disclosures, Canadian Imperial Bank has a Working Capital of 0.0. This is 100.0% lower than that of the Banks sector and about the same as Financials (which currently averages 0.0) industry. The working capital for all Canada stocks is 100.0% higher than that of the company.
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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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.