Canadian Imperial Bank Stock Market Value
| CM Stock | USD 64.76 0.08 0.12% |
| Symbol | Canadian |
Canadian Imperial Bank Price To Book Ratio
Is Diversified Banks space 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 0.238 | Dividend Share 3.57 | Earnings Share 4.92 | Revenue Per Share 24.295 | Quarterly Revenue Growth 0.196 |
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.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Canadian Imperial on June 3, 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 180 days. Canadian Imperial is related to or competes with Citigroup, Nu Holdings, HSBC Holdings, Bank of Montreal, and Bank of Nova Scotia. 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 | 0.7636 | |||
| Information Ratio | 0.1356 | |||
| Maximum Drawdown | 6.96 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.8 |
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 | 0.2047 | |||
| Jensen Alpha | 0.2217 | |||
| Total Risk Alpha | 0.094 | |||
| Sortino Ratio | 0.1903 | |||
| Treynor Ratio | 0.6797 |
Canadian Imperial Bank Backtested Returns
Canadian Imperial appears to be very steady, given 3 months investment horizon. Canadian Imperial Bank secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had a 0.23% 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 makes use of Canadian Imperial's Downside Deviation of 0.7636, mean deviation of 0.7365, and Risk Adjusted Performance of 0.2047 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Canadian Imperial holds a performance score of 18. The firm shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. 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. Please check Canadian Imperial's sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Canadian Imperial's price patterns will revert.
Auto-correlation | 0.77 |
Good predictability
Canadian Imperial Bank has good predictability. Overlapping area represents the amount of predictability between Canadian Imperial time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 0.77 indicates that around 77.0% of current Canadian Imperial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 3.81 |
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 |
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Canadian Imperial technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.