Canadian Imperial Backtesting

CM -- USA Stock  

USD 87.48  0.19  0.22%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Canadian Imperial Bank of Commerce and determine expected loss or profit from investing in Canadian Imperial over given investment horizon. Check also 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.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

Canadian Imperial 'What if' Analysis

May 19, 2018
0.00
No Change 0.00  0.0%
In 31 days
June 18, 2018
0.00
If you would invest  0.00  in Canadian Imperial on May 19, 2018 and sell it all today you would earn a total of 0.00 from holding Canadian Imperial Bank of Commerce or generate 0.0% return on investment in Canadian Imperial over 30 days. Canadian Imperial is related to or competes with Citigroup, Bank of New York, Byline Bancorp, Deutsche Bank, , and ORIX CORP. Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and service...

Canadian Imperial Upside/Downside Indicators

Information Ratio0.20
Maximum Drawdown2.81
Value At Risk1.88
Potential Upside1.2
  

Canadian Imperial Market Premium Indicators

Risk Adjusted Performance0.01

Canadian Imperial Bank Backtested Returns

Macroaxis considers Canadian Imperial to be not too risky. Canadian Imperial Bank secures Sharpe Ratio (or Efficiency) of -0.2109 which signifies that Canadian Imperial Bank had -0.2109% of return per unit of risk over the last 1 month. 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 Commerce exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Canadian Imperial Bank Risk Adjusted Performance of 0.01 and Mean Deviation of 0.6811 to double-check risk estimate we provide. Macroaxis gives Canadian Imperial performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Canadian Imperial are completely uncorrelated. 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 Commerce exposes twenty-one different technical indicators which can help you to evaluate its performance. Canadian Imperial Bank has expected return of -0.1904%. Please be advised to confirm Canadian Imperial Bank Jensen Alpha as well as the relationship between Potential Upside and Skewness 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(0.49) 

Modest reverse predictability

Canadian Imperial Bank of Commerce has modest reverse predictability. Overlapping area represents the amount of predictability between Canadian Imperial time series from May 19, 2018 to June 3, 2018 and June 3, 2018 to June 18, 2018. 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 -0.49 indicates that about 49.0% of current Canadian Imperial price fluctuation can be explain by its past prices. Given that Canadian Imperial Bank of Commerce has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Canadian Imperial for similar time interval.
Correlation Coefficient -0.49
Spearman Rank Test 0.01
Price Variance 0.46
Lagged Price Variance 2.38

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 
      Timeline 

Current Sentiment - CM

Canadian Imperial Bank Investor Sentiment
Larger part of Macroaxis users are currently bullish on Canadian Imperial Bank of Commerce. What is your opinion about investing in Canadian Imperial Bank of Commerce? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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  
Check also 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.