Canadian Imperial Probability of Target Price Finishing Above 88.9

CM -- USA Stock  

USD 93.25  0.11  0.12%

Canadian Imperial probability of target price tool provides mechanism to make assumptions about upside and downside potential of Canadian Imperial Bank of Commerce performance during a given time horizon utilizing its historical volatility. Please specify Canadian Imperial time horizon, a valid symbol (red box) and a target price (blue box) you would like Canadian Imperial odds to be computed. Check also Canadian Imperial Backtesting, Canadian Imperial Valuation, Canadian Imperial Correlation, Canadian Imperial Hype Analysis, Canadian Imperial Volatility, Canadian Imperial History as well as Canadian Imperial Performance.
 Time Horizon     30 Days    Login   to change
Refresh Odds

Canadian Imperial Target Price Odds to finish below 88.9

Current PriceHorizonTarget PriceOdds 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 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.29
β
Beta against DOW=0.21
σ
Overall volatility
=1.41
Ir
Information ratio =0.33

Canadian Imperial Alerts

Canadian Imperial Alerts and Suggestions
On June 27, 2018 Canadian Imperial paid $ 1.33 per share dividend to its current shareholders
Latest headline from www.fairfieldcurrent.com: Canadian Imperial Bank of Commerce Stock Rating Upgraded by ValuEngine