UBS Group Issues Positive Forecast for Canadian Imperial Bank of Commerce Stock Price - MarketBeat
| CM Stock | CAD 90.93 0.16 0.18% |
About 56% of Canadian Imperial's investor base is looking to short. The analysis of overall sentiment of trading Canadian Imperial Bank stock suggests that many investors are alarmed at this time. Canadian Imperial's investing sentiment overview a quick insight into current market opportunities from investing in Canadian Imperial Bank. Many technical investors use Canadian Imperial Bank stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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UBS Group Issues Positive Forecast for Canadian Imperial Bank of Commerce Stock Price MarketBeat
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Canadian Imperial Fundamental Analysis
We analyze Canadian Imperial'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 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.
Beta
Beta Comparative Analysis
Canadian Imperial is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Canadian Imperial Bank Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Canadian Imperial stock to make a market-neutral strategy. 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 with similar companies.
Peers
Canadian Imperial Related Equities
| TD | Toronto Dominion | 0.39 | ||||
| BMO | Bank of Montreal | 0.31 | ||||
| RY | Royal Bank | 0.15 | ||||
| NA | National Bank | 0.11 | ||||
| BNS | Bank of Nova Scotia | 0.30 |
Check out Canadian Imperial Hype Analysis, Canadian Imperial Correlation and Canadian Imperial Performance. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.