|Current Price||Horizon||Target Price||Odds to drop to $ 88.90 or more in 30 days|
| 93.25 ||30 days|| 88.90 || ABOUT 8.72%|
Based on normal probability distribution, the odds of Canadian Imperial to drop to $ 88.90 or more in 30 days from now is about 8.72% (This Canadian Imperial Bank of Commerce probability density function shows the probability of Canadian Imperial Stock to fall within a particular range of prices over 30 days) . Probability of Canadian Imperial Bank price to stay between $ 88.90 and its current price of $93.25 at the end of the 30-day period is about 86.97%.
Allowing for the 30-days total investment horizon, Canadian Imperial Bank of Commerce has beta of -0.2116 . This suggests as returns on benchmark increase, returns on holding Canadian Imperial are expected to decrease at a much smaller rate. During bear market, however, Canadian Imperial Bank of Commerce is likely to outperform the market. Additionally Canadian Imperial Bank of Commerce has an alpha of 0.2935 implying that it can potentially generate 0.2935% excess return over DOW after adjusting for the inherited market risk (beta).
Canadian Imperial Price Density
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