Canadian Imperial Backtesting

CM -- USA Stock  

  Buyout Trend

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Canadian Imperial Bank Of Comme 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.
Horizon     30 Days    Login   to change

Canadian Imperial 'What if' Analysis

July 23, 2019
No Change 0.00  0.0 
In 3 months and 1 day
October 21, 2019
If you would invest  0.00  in Canadian Imperial on July 23, 2019 and sell it all today you would earn a total of 0.00 from holding Canadian Imperial Bank Of Comme or generate 0.0% return on investment in Canadian Imperial over 90 days. Canadian Imperial is related to or competes with Bank of Nova Scotia, Citigroup, Bank Of Montreal, B of A, Barclays PLC, East West, and ING Group. Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and service...

Canadian Imperial Upside/Downside Indicators

Downside Deviation1.08
Information Ratio0.144
Maximum Drawdown4.37
Value At Risk(1.57)
Potential Upside1.55

Canadian Imperial Market Premium Indicators

Risk Adjusted Performance0.1265
Jensen Alpha0.1294
Total Risk Alpha0.1362
Sortino Ratio0.1268
Treynor Ratio0.1656

Canadian Imperial Bank Backtested Returns

We consider Canadian Imperial very steady. Canadian Imperial Bank secures Sharpe Ratio (or Efficiency) of 0.1354 which signifies that the organization had 0.1354% of return per unit of risk over the last 3 months. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Canadian Imperial Bank Of Comme which you can use to evaluate future volatility of the firm. Please confirm Canadian Imperial Bank Downside Deviation of 1.08, Risk Adjusted Performance of 0.1265 and Mean Deviation of 0.7442 to double-check if risk estimate we provide are consistent with the epected return of 0.1305%. Canadian Imperial has performance score of 9 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.6839 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. Although it is extremely important to respect Canadian Imperial Bank historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Canadian Imperial Bank technical indicators you can presently evaluate if the expected return of 0.1305% will be sustainable into the future. Canadian Imperial Bank right now shows a risk of 0.9637%. Please confirm Canadian Imperial Bank Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Canadian Imperial Bank will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.06) 
correlation synergy

Very weak reverse predictability

Canadian Imperial Bank Of Comme has very weak reverse predictability. Overlapping area represents the amount of predictability between Canadian Imperial time series from July 23, 2019 to September 6, 2019 and September 6, 2019 to October 21, 2019. 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 -0.06 indicates that barely 6.0% of current Canadian Imperial price fluctuation can be explain by its past prices. Given that Canadian Imperial Bank Of Comme 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-0.06
Spearman Rank Test-0.28
Residual Average0.0
Price Variance2.32

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 Lagged Returns

 Regressed Prices 

Current Sentiment - CM

Canadian Imperial Bank Investor Sentiment

Larger part of Macroaxis users are currently bullish on Canadian Imperial Bank Of Comme. What is your opinion about investing in Canadian Imperial Bank Of Comme? Are you bullish or bearish?
98% Bullish
2% Bearish

Canadian Imperial Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Canadian Imperial and Bank of Nova Scotia. 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 Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.