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Canadian Imperial Backtesting

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CM -- USA Stock  

 Earnings Call  This Week

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Canadian Imperial Bank Of Comme and determine expected loss or profit from investing in Canadian Imperial over given investment horizon. Continue to Canadian Imperial Hype Analysis, Canadian Imperial Correlation, Canadian Imperial Valuation, Canadian Imperial Volatility as well as analyze Canadian Imperial Alpha and Beta and Canadian Imperial Performance.
SymbolX
Backtest

Canadian Imperial 'What if' Analysis

November 26, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
February 24, 2020
0.00
If you would invest  0.00  in Canadian Imperial on November 26, 2019 and sell it all today you would earn a total of 0.00 from holding Canadian Imperial Bank Of Comme or generate 0.0% return on investment in Canadian Imperial over 90 days. Canadian Imperial is related to or competes with Citigroup, Credit Suisse, East West, Barclays PLC, Bank Of Montreal, and Bank of Nova Scotia. Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and service...

Canadian Imperial Upside/Downside Indicators

Information Ratio(0.16)
Maximum Drawdown6.22
Value At Risk(0.77)
Potential Upside0.8115

Canadian Imperial Market Premium Indicators

Risk Adjusted Performance(0.07)
Jensen Alpha(0.08)
Total Risk Alpha(0.13)
Treynor Ratio0.8875

Canadian Imperial Bank Backtested Returns

Macroaxis considers Canadian Imperial to be very steady. Canadian Imperial Bank secures Sharpe Ratio (or Efficiency) of -0.1241 which signifies that the organization had -0.1241% of return per unit of risk over the last 3 months. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Canadian Imperial Bank Of Comme exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Canadian Imperial Bank Mean Deviation of 0.4639 and Risk Adjusted Performance of (0.07) to double-check risk estimate we provide. The firm shows Beta (market volatility) of -0.0918 which signifies that as returns on market increase, returns on owning Canadian Imperial are expected to decrease at a much smaller rate. During bear market, Canadian Imperial is likely to outperform the market. Even though it is essential to pay attention to Canadian Imperial Bank historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Canadian Imperial Bank Of Comme exposes twenty-eight different technical indicators which can help you to evaluate its performance. Canadian Imperial Bank has expected return of -0.1026%. Please be advised to confirm Canadian Imperial Bank Sortino Ratio, Skewness, Price Action Indicator, as well as the relationship between Potential Upside and Rate Of Daily Change to decide if Canadian Imperial Bank past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.00 
correlation synergy

No correlation between past and present

Canadian Imperial Bank Of Comme has no correlation between past and present. Overlapping area represents the amount of predictability between Canadian Imperial time series from November 26, 2019 to January 10, 2020 and January 10, 2020 to February 24, 2020. 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 0.0 indicates that just 0.0% of current Canadian Imperial price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.25
Residual Average0.0
Price Variance0.29

Canadian Imperial Bank lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

Canadian Imperial regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

Canadian Imperial Lagged Returns

 Regressed Prices 
    
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Current Sentiment - CM

Canadian Imperial Bank Investor Sentiment

Larger part of Macroaxis users are currently bullish on Canadian Imperial Bank Of Comme. What is your opinion about investing in Canadian Imperial Bank Of Comme? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Canadian Imperial Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Canadian Imperial and Citigroup. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Continue to Canadian Imperial Hype Analysis, Canadian Imperial Correlation, Canadian Imperial Valuation, Canadian Imperial Volatility as well as analyze Canadian Imperial Alpha and Beta and Canadian Imperial Performance. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.