Canadian Imperial Bank Preferred Stock Retained Earnings
| CM-PS Preferred Stock | CAD 25.68 0.07 0.27% |
Canadian Imperial's fundamental analysis aims to assess its intrinsic value by examining key economic and financial indicators - such as cash flow records, changes in balance sheet accounts, income statement trends, financial ratios, and relevant microeconomic factors affecting Canadian Preferred Stock price.
Canadian |
Canadian Imperial Bank Company Retained Earnings Analysis
Canadian Imperial's Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.
More About Retained Earnings | All Equity Analysis
Retained Earnings | = | Beginning RE + Income | - | Dividends |
Current Canadian Imperial Retained Earnings | 30.4 B |
Most of Canadian Imperial's fundamental indicators, such as Retained Earnings, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Canadian Imperial Bank is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Retained Earnings shows how the firm utilizes its profits over time. In simple terms, investors can think of retained earnings as the amount of profit the company has reinvested in the business since its inceptions. However the methodology to make a decision over how much profit to retain is different between companies in different industries. For example, growing industries tend to retain more of their earnings than more matured industries as they need more assets investment to sustain their growth.
| Competition |
Based on the latest financial disclosure, Canadian Imperial Bank has a Retained Earnings of 30.4 B. This is much higher than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The retained earnings for all Canada preferred stocks is significantly lower than that of the firm.
Canadian Retained Earnings Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canadian Imperial's direct or indirect competition against its Retained Earnings to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of Canadian Imperial could also be used in its relative valuation, which is a method of valuing Canadian Imperial by comparing valuation metrics of similar companies.Canadian Imperial is currently under evaluation in retained earnings category among its peers.
Canadian Fundamentals
| Revenue | 23.29 B | ||||
| Net Income | 5 B | ||||
| Total Debt | 77.66 B | ||||
| Cash Flow From Operations | 12.15 B | ||||
| Total Asset | 975.72 B | ||||
| Retained Earnings | 30.4 B | ||||
| Annual Yield | 0.05 % | ||||
| Net Asset | 975.72 B | ||||
| Last Dividend Paid | 0.28 |
About Canadian Imperial Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canadian Imperial Bank's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canadian Imperial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canadian Imperial Bank based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 Preferred Stock
| 0.69 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.94 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.86 | ENB-PFU | Enbridge Pref L | PairCorr |
Moving against Canadian Preferred Stock
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.Additional Tools for Canadian Preferred 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.