Canadian Gross Profit from 2010 to 2024
| CM Stock | USD 47.22 0.17 0.36% |
Gross Profit | First Reported 1996-01-31 | Previous Quarter 5.8 B | Current Value 15.6 B | Quarterly Volatility 1.7 B |
Check Canadian Imperial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canadian main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.4 B, Interest Expense of 38.9 B or Selling General Administrative of 5.4 B, as well as many exotic indicators such as Price To Sales Ratio of 1.99, Dividend Yield of 0.034 or PTB Ratio of 1.86. Canadian financial statements analysis is a perfect complement when working with Canadian Imperial Valuation or Volatility modules.
Canadian | Gross Profit |
Latest Canadian Imperial's Gross Profit Growth Pattern
Below is the plot of the Gross Profit of Canadian Imperial Bank over the last few years. Gross profit is a required income statement account that reflects total revenue of Canadian Imperial Bank minus its cost of goods sold. It is profit before Canadian Imperial operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Canadian Imperial's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Canadian Imperial's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 21.31 B | 10 Years Trend |
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Gross Profit |
| Timeline |
Canadian Gross Profit Regression Statistics
| Arithmetic Mean | 17,144,478,333 | |
| Geometric Mean | 13,698,999,707 | |
| Coefficient Of Variation | 39.65 | |
| Mean Deviation | 5,012,846,444 | |
| Median | 17,699,000,000 | |
| Standard Deviation | 6,797,633,110 | |
| Sample Variance | 46207815.9T | |
| Range | 27.7B | |
| R-Value | 0.94 | |
| Mean Square Error | 6068305.5T | |
| R-Squared | 0.88 | |
| Slope | 1,424,306,161 | |
| Total Sum of Squares | 646909422.6T |
Canadian Gross Profit History
Other Fundumenentals of Canadian Imperial Bank
Canadian Imperial Gross Profit component correlations
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About Canadian Imperial Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Canadian Imperial income statement, its balance sheet, and the statement of cash flows. Canadian Imperial investors use historical funamental indicators, such as Canadian Imperial's Gross Profit, to determine how well the company is positioned to perform in the future. Although Canadian Imperial investors may use each financial statement separately, they are all related. The changes in Canadian Imperial's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Canadian Imperial's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Canadian Imperial Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Canadian Imperial. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Gross Profit | 26.8 B | 28.1 B | |
| Gross Profit Margin | 0.89 | 0.93 |
Pair Trading with Canadian Imperial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canadian Imperial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canadian Imperial will appreciate offsetting losses from the drop in the long position's value.Moving together with Canadian Stock
| 0.89 | C | Citigroup Financial Report 12th of July 2024 | PairCorr |
| 0.91 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
| 0.79 | RY | Royal Bank Financial Report 23rd of May 2024 | PairCorr |
The ability to find closely correlated positions to Canadian Imperial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Imperial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canadian Imperial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canadian Imperial Bank to buy it.
The correlation of Canadian Imperial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canadian Imperial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Imperial Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canadian Imperial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Canadian Imperial Correlation against competitors. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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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Is Canadian Imperial's industry 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 3.559 | Dividend Share 3.49 | Earnings Share 4.75 | Revenue Per Share 23.121 | Return On Assets 0.0067 |
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.