Canadian Imperial (Germany) Market Value
| CAI Stock | 60.69 0.40 0.65% |
| Symbol | Canadian |
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.
| 02/02/2023 |
| 01/22/2025 |
If you would invest 0.00 in Canadian Imperial on February 2, 2023 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 720 days. Canadian Imperial is related to or competes with GREENX METALS, DISTRICT METALS, CVW CLEANTECH, ADRIATIC METALS, CSSC Offshore, and FIREWEED METALS. 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 | 0.8735 | |||
| Information Ratio | 0.0678 | |||
| Maximum Drawdown | 5.71 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.76 |
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 | 0.0882 | |||
| Jensen Alpha | 0.0984 | |||
| Total Risk Alpha | 0.0652 | |||
| Sortino Ratio | 0.0826 | |||
| Treynor Ratio | 9.58 |
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
Currently, Canadian Imperial Bank is very steady. Canadian Imperial Bank secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Canadian Imperial Bank, which you can use to evaluate the volatility of the firm. Please confirm Canadian Imperial's Downside Deviation of 0.8735, mean deviation of 0.7829, and Risk Adjusted Performance of 0.0882 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Canadian Imperial has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0103, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canadian Imperial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canadian Imperial is expected to be smaller as well. Canadian Imperial Bank right now shows a risk of 1.06%. Please confirm Canadian Imperial Bank total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Canadian Imperial Bank will be following its price patterns.
Auto-correlation | 0.18 |
Very weak predictability
Canadian Imperial Bank has very weak predictability. Overlapping area represents the amount of predictability between Canadian Imperial time series from 2nd of February 2023 to 28th of January 2024 and 28th of January 2024 to 22nd of January 2025. 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 0.18 indicates that over 18.0% of current Canadian Imperial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 59.34 |
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 |
Thematic Opportunities
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Additional Tools for Canadian Stock Analysis
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.