Canadian Imperial Technical Analysis

Canadian Imperial Bank of Commerce -- USA Stock  

USD 89.72  0.05  0.06%

Canadian Imperial Bank of Commerce shows Downside Deviation of 0.8446, Risk Adjusted Performance of 0.0501 and Mean Deviation of 0.488. Canadian Imperial Bank technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm future prices. In plain English you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for Canadian Imperial Bank of Commerce which can be compared to its rivals. Please confirm Canadian Imperial Bank Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Canadian Imperial Bank is priced correctly providing market reflects its regular price of 89.72 per share. Given that Canadian Imperial has Jensen Alpha of 0.1125, we suggest you validate Canadian Imperial Bank of Commerce prevailing market performance to make sure the company can sustain itself at future point.
Investment Horizon     30 Days    Login   to change

Canadian Imperial Bank Trend Analysis

Use this graph to draw trend lines for Canadian Imperial Bank of Commerce. You can use it to identify possible trend reversals for Canadian Imperial as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Canadian Imperial price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Canadian Imperial Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Canadian Imperial Bank of Commerce applied against its price change over selected period. The best fit line has a slop of 0.12 % which suggests that Canadian Imperial Bank of Commerce will keep on generating value for investors. It has 34 observation points and a regression sum of squares at 11.96, which is the sum of squared deviations for the predicted Canadian Imperial price change compared to its average price change.

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Canadian Imperial Bank of Commerce is rated below average in mean deviation category among related companies. It is rated fifth in standard deviation category among related companies creating about  1.38  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Canadian Imperial Bank of Commerce is roughly  1.38