Canadian Imperial Backtesting

Canadian Imperial Bank of Commerce -- USA Stock  

USD 91.75  2.21  2.35%

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

Canadian Imperial 'What if' Analysis

January 25, 2018
No Change 0.00  0.0%
In 31 days
February 24, 2018
If you would invest  0.00  in Canadian Imperial on January 25, 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. Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and service...

Canadian Imperial Upside/Downside Indicators


Canadian Imperial Market Premium Indicators

Canadian Imperial Bank lagged returns against current returns

 Current and Lagged Values 

Canadian Imperial regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Canadian Imperial Bank Backtested Returns

Macroaxis considers Canadian Imperial to be not too risky. Canadian Imperial Bank secures Sharpe Ratio (or Efficiency) of -0.1598 which signifies that Canadian Imperial Bank had -0.1598% 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 0.30 and Mean Deviation of 0.921 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 0.6528 which signifies that as returns on market increase, Canadian Imperial returns are expected to increase less than the market. However during bear market, the loss on holding Canadian Imperial will be expected to be smaller as well.. 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 -0.2215%. 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(0.46) 

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 January 25, 2018 to February 9, 2018 and February 9, 2018 to February 24, 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 -0.46 indicates that about 46.0% 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 -0.46
Spearman Rank Test -0.48
Price Variance 1.01
Lagged Price Variance 7.56

Canadian Imperial Lagged Returns

 Regressed Prices 

Canadian Imperial Performance vs DOW

The median price of Canadian Imperial for the period between Thu, Jan 25, 2018 and Sat, Feb 24, 2018 is 92.7 with a coefficient of variation of 3.62. The daily time series for the period is distributed with a sample standard deviation of 3.41, arithmetic mean of 94.2, and mean deviation of 3.06. The Stock received some media coverage during the period.
Price Growth (%)  
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