Canadian Imperial Bank Stock Alpha and Beta Analysis
| CM Stock | USD 47.54 0.48 1.00% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Canadian Imperial Bank. It also helps investors analyze the systematic and unsystematic risks associated with investing in Canadian Imperial over a specified time horizon. Remember, high Canadian Imperial's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Canadian Imperial's market risk premium analysis include:
Beta 1.19 | Alpha (0.01) | Risk 1.01 | Sharpe Ratio 0.0869 | Expected Return 0.0875 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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Canadian Imperial Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Canadian Imperial market risk premium is the additional return an investor will receive from holding Canadian Imperial long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Canadian Imperial. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Canadian Imperial's performance over market.| α | -0.01 | β | 1.19 |
Canadian Imperial expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Canadian Imperial's Buy-and-hold return. Our buy-and-hold chart shows how Canadian Imperial performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Canadian Imperial Market Price Analysis
Market price analysis indicators help investors to evaluate how Canadian Imperial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canadian Imperial shares will generate the highest return on investment. By understating and applying Canadian Imperial stock market price indicators, traders can identify Canadian Imperial position entry and exit signals to maximize returns.
Canadian Imperial Return and Market Media
The median price of Canadian Imperial for the period between Fri, Jan 26, 2024 and Thu, Apr 25, 2024 is 47.69 with a coefficient of variation of 4.38. The daily time series for the period is distributed with a sample standard deviation of 2.07, arithmetic mean of 47.27, and mean deviation of 1.85. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Redfin Reports Q4 Loss, Misses Revenue Estimates | 02/27/2024 |
2 | Canadian Imperial Bank of Commerce NONCM PFD A 49 declares CAD 0.325 dividend | 03/21/2024 |
3 | Canadian Imperial Bank of Commerces Dividend Analysis | 03/26/2024 |
4 | Canada Economy on Track to Beat First-Quarter Forecasts | 03/28/2024 |
5 | Canadian Imperial Bank of Commerce Stock Passes Above 50-Day Moving Average of 64.17 - MarketBeat | 04/03/2024 |
6 | Canada Unexpectedly Sheds Jobs, Unemployment Rises to 6.1 | 04/05/2024 |
7 | CIBC Mellon names Shane Kuros Chief Business Development Officer | 04/11/2024 |
8 | Bank of Montreals Chief Highlights U.S. Economic Strength and Expansion Strategy | 04/16/2024 |
9 | Feds Uncertain Path Creates Bind for Bank of Canadas Macklem | 04/19/2024 |
10 | EBKDY or CM Which Is the Better Value Stock Right Now | 04/22/2024 |
About Canadian Imperial Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Canadian or other stocks. Alpha measures the amount that position in Canadian Imperial Bank has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0532 | 0.0505 | 0.0455 | 0.0361 | Price To Sales Ratio | 2.57 | 1.92 | 1.73 | 1.99 |
Canadian Imperial Upcoming Company Events
As portrayed in its financial statements, the presentation of Canadian Imperial's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Canadian Imperial's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Canadian Imperial's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Canadian Imperial. Please utilize our Beneish M Score to check the likelihood of Canadian Imperial's management manipulating its earnings.
| 23rd of February 2024 Upcoming Quarterly Report | View | |
| 23rd of May 2024 Next Financial Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View | |
| 5th of December 2024 Next Fiscal Year End | View | |
| 31st of October 2023 Last Quarter Report | View | |
| 31st of October 2023 Last Financial Announcement | View |
Build Portfolio with Canadian Imperial
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Canadian Imperial Backtesting, Canadian Imperial Valuation, Canadian Imperial Correlation, Canadian Imperial Hype Analysis, Canadian Imperial Volatility, Canadian Imperial History and analyze Canadian Imperial Performance. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary 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.
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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.