Canadian Weighted Average Shares from 2010 to 2024

CM Stock  CAD 67.90  0.45  0.66%   
Check Canadian Imperial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canadian main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.3 B, Interest Expense of 38.9 B or Selling General Administrative of 5.3 B, as well as many exotic indicators such as Short Term Coverage Ratios of 0.15, Price Earnings Ratio of 8.47 or Price To Sales Ratio of 1.96. Canadian financial statements analysis is a perfect complement when working with Canadian Imperial Valuation or Volatility modules.
  
This module can also supplement various Canadian Imperial Technical models . Check out the analysis of Canadian Imperial Correlation against competitors.

About Canadian Imperial Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Canadian Imperial income statement, its balance sheet, and the statement of cash flows. Canadian Imperial investors use historical funamental indicators, such as Canadian Imperial's Weighted Average Shares, to determine how well the company is positioned to perform in the future. Although Canadian Imperial investors may use each financial statement separately, they are all related. The changes in Canadian Imperial's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Canadian Imperial's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Canadian Imperial Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Canadian Imperial. Please read more on our technical analysis and fundamental analysis pages.
Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada. CANADIAN IMPERIAL operates under BanksDiversified classification in Canada and is traded on Toronto Stock Exchange. It employs 49505 people.

Pair Trading with Canadian Imperial

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canadian Imperial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canadian Imperial will appreciate offsetting losses from the drop in the long position's value.

Moving together with Canadian Stock

  0.91BNS Bank of Nova ScotiaPairCorr
  0.81LB Laurentian BankPairCorr

Moving against Canadian Stock

  0.63QBR-A QuebecorPairCorr
  0.58THRM Therma BrightPairCorr
  0.56IAG IA FinancialPairCorr
  0.56FUND Katipult Technology CorpPairCorr
  0.44XIM Ximen Mining CorpPairCorr
The ability to find closely correlated positions to Canadian Imperial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Imperial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canadian Imperial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canadian Imperial Bank to buy it.
The correlation of Canadian Imperial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canadian Imperial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Imperial Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canadian Imperial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Canadian Imperial Bank is a strong investment it is important to analyze Canadian Imperial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Canadian Imperial's future performance. For an informed investment choice regarding Canadian Stock, refer to the following important reports:
Check out the analysis of Canadian Imperial Correlation against competitors.
You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.

Complementary Tools for Canadian Stock analysis

When running Canadian Imperial's price analysis, check to measure Canadian Imperial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Imperial is operating at the current time. Most of Canadian Imperial's value examination focuses on studying past and present price action to predict the probability of Canadian Imperial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Imperial's price. Additionally, you may evaluate how the addition of Canadian Imperial to your portfolios can decrease your overall portfolio volatility.
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Please note, there is a significant difference between Canadian Imperial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Imperial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Imperial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.