Canadian Ebit vs Net Income From Continuing Ops Analysis
CM Stock | CAD 65.51 0.81 1.25% |
Canadian Imperial financial indicator trend analysis is way more than just evaluating Canadian Imperial Bank prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian Imperial Bank is a good investment. Please check the relationship between Canadian Imperial Ebit and its Net Income From Continuing Ops accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Imperial Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Ebit vs Net Income From Continuing Ops
Ebit vs Net Income From Continuing Ops Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Imperial Bank Ebit account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have strong relationship.
The correlation between Canadian Imperial's Ebit and Net Income From Continuing Ops is 0.72. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Canadian Imperial Bank, assuming nothing else is changed. The correlation between historical values of Canadian Imperial's Ebit and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Canadian Imperial Bank are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Ebit i.e., Canadian Imperial's Ebit and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Ebit
Net Income From Continuing Ops
Most indicators from Canadian Imperial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian Imperial Bank current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Imperial Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, Canadian Imperial's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 3rd of May 2024, Enterprise Value Over EBITDA is likely to grow to 20.63, while Selling General Administrative is likely to drop about 5.3 B.
2021 | 2023 | 2024 (projected) | Interest Expense | 9.5B | 37.0B | 38.9B | Depreciation And Amortization | 1.0B | 1.2B | 1.3B |
Canadian Imperial fundamental ratios Correlations
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Canadian Imperial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canadian Imperial fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 769.6B | 837.7B | 943.6B | 975.7B | 1.1T | 1.2T | |
Short Long Term Debt Total | 43.6B | 45.9B | 164.2B | 187.5B | 215.6B | 226.4B | |
Total Stockholder Equity | 41.2B | 45.6B | 50.2B | 53.0B | 60.9B | 64.0B | |
Property Plant And Equipment Net | 3.0B | 3.3B | 3.4B | 3.3B | 3.7B | 2.3B | |
Net Debt | (16.7B) | 94.9B | 114.1B | 131.3B | 151.0B | 158.6B | |
Retained Earnings | 22.1B | 25.8B | 28.8B | 30.4B | 35.0B | 36.7B | |
Cash | 62.5B | 69.3B | 73.3B | 63.2B | 72.6B | 76.3B | |
Non Current Assets Total | 131.1B | 159.9B | 172.3B | 187.8B | 216.0B | 226.8B | |
Non Currrent Assets Other | (131.1B) | (159.9B) | (172.3B) | (187.8B) | (169.0B) | (160.6B) | |
Other Assets | 478.2B | 483.6B | 566.8B | 643.3B | 739.8B | 776.8B | |
Cash And Short Term Investments | 30.4B | 117.1B | 88.1B | 92.7B | 106.6B | 112.0B | |
Common Stock Shares Outstanding | 892.0M | 900.4M | 905.7M | 931.1M | 1.1B | 877.6M | |
Liabilities And Stockholders Equity | 651.6B | 769.6B | 837.7B | 943.6B | 1.1T | 1.1T | |
Non Current Liabilities Total | 43.6B | 45.9B | 88.0B | 91.4B | 105.2B | 110.4B | |
Other Stockholder Equity | 250M | 234M | 220M | 115M | 103.5M | 98.3M | |
Total Liab | 728.2B | 791.9B | 893.2B | 922.5B | 1.1T | 1.1T | |
Property Plant And Equipment Gross | 3.0B | 6.4B | 6.9B | 7.0B | 8.0B | 8.4B | |
Total Current Assets | 42.3B | 126.1B | 98.6B | 112.5B | 101.2B | 61.5B | |
Other Current Liab | (79.3B) | (73.6B) | (85.1B) | (91.4B) | (82.3B) | (78.2B) | |
Total Current Liabilities | 79.3B | 73.6B | 85.1B | 91.4B | 105.2B | 110.4B | |
Accounts Payable | 8.7B | 8.8B | 11.2B | 13.2B | 15.2B | 16.0B | |
Net Receivables | 9.0B | 10.4B | 19.8B | 4.4B | 5.0B | 7.0B | |
Other Current Assets | 22.7B | 27.6B | 34.7B | 45.6B | 41.0B | 77.7B | |
Short Term Debt | 70.8B | 64.9B | 76.2B | 80.2B | 92.2B | 96.9B | |
Accumulated Other Comprehensive Income | 881M | 1.4B | 1.1B | 1.6B | 1.8B | 1.9B | |
Good Will | 5.3B | 5.0B | 5.3B | 5.4B | 6.2B | 3.4B | |
Short Term Investments | 54.6B | 18.9B | 19.4B | 17.3B | 19.9B | 24.7B | |
Intangible Assets | 2.0B | 2.0B | 2.6B | 2.7B | 3.2B | 3.3B | |
Common Stock | 13.6B | 13.9B | 14.4B | 14.7B | 16.9B | 10.0B | |
Other Liab | 9.5B | 10.0B | 10.2B | 12.7B | 14.6B | 9.6B | |
Net Tangible Assets | 28.2B | 31.1B | 35.8B | 39.6B | 45.6B | 28.6B | |
Long Term Debt | 7.2B | 5.9B | 6.3B | 116.8B | 134.4B | 141.1B | |
Inventory | 14M | 25M | 23M | 24M | 27.6M | 22.1M | |
Long Term Investments | 149.7B | 162.1B | 176.5B | 212.0B | 243.8B | 126.7B | |
Short Long Term Debt | 27.1B | 76.2B | 80.2B | 77.7B | 69.9B | 45.0B | |
Property Plant Equipment | 1.8B | 3.0B | 3.3B | 3.4B | 3.9B | 2.5B | |
Long Term Debt Total | 4.7B | 9.1B | 8.0B | 8.5B | 7.6B | 7.9B | |
Capital Surpluse | 125M | 117M | 110M | 115M | 132.3M | 122.1M |
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 against Canadian Stock
0.57 | DELX | DelphX Capital Markets | PairCorr |
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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Imperial Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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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.
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