CIBC Premium Competition

CCAD Etf

50.12 0.01 0.02%

CIBC Premium Cash competes with CIBC Core, CIBC Canadian, CIBC Conservative, and CIBC Global; as well as few others. Analyzing CIBC Premium competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of CIBC Premium to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

CIBC Premium vs CIBC Global Correlation

Very weak diversification

The correlation between CIBC Premium Cash and CGLO is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CIBC Premium Cash and CGLO in the same portfolio, assuming nothing else is changed.

Moving together with CIBC Etf

0.95	XIU	iShares SPTSX 60	Pair Corr
0.95	XIC	iShares Core SPTSX	Pair Corr

Moving against CIBC Etf

0.78	TCLB	TD Canadian Long	Pair Corr
0.54	ZAG	BMO Aggregate Bond	Pair Corr
0.53	XBB	iShares Canadian Universe	Pair Corr

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CIBC Premium Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between CIBC Premium and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of CIBC and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of CIBC Premium Cash does not affect the price movement of the other competitor.

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.54	0.23	-0.16	0.16	-0.11	0.52	-0.05	-0.24	-0.25	META
MSFT	0.54		0.78	-0.54	0.54	0.28	0.35	-0.22	-0.84	-0.72	MSFT
UBER	0.23	0.78		-0.45	0.46	0.51	0.02	-0.36	-0.8	-0.5	UBER
F	-0.16	-0.54	-0.45		-0.69	-0.12	0.09	0.58	0.67	0.59	F
T	0.16	0.54	0.46	-0.69		0.55	-0.13	-0.4	-0.49	-0.66	T
A	-0.11	0.28	0.51	-0.12	0.55		-0.33	-0.24	-0.26	-0.38	A
CRM	0.52	0.35	0.02	0.09	-0.13	-0.33		0.56	-0.11	-0.36	CRM
JPM	-0.05	-0.22	-0.36	0.58	-0.4	-0.24	0.56		0.45	0.1	JPM
MRK	-0.24	-0.84	-0.8	0.67	-0.49	-0.26	-0.11	0.45		0.73	MRK
XOM	-0.25	-0.72	-0.5	0.59	-0.66	-0.38	-0.36	0.1	0.73		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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High positive correlations

UBER	+ 0.78	MSFT
XOM	+ 0.73	MRK
MRK	+ 0.67	F
XOM	+ 0.59	F
JPM	+ 0.58	F
JPM	+ 0.56	CRM

High negative correlations

MRK	- 0.84	MSFT
MRK	- 0.8	UBER
XOM	- 0.72	MSFT
T	- 0.69	F
XOM	- 0.66	T
F	- 0.54	MSFT

CIBC Premium Competition Risk-Adjusted Indicators

There is a big difference between CIBC Etf performing well and CIBC Premium ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CIBC Premium's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.44	(0.19)	0.00	(0.11)	0.00	0.00	3.16	(2.67)	13.02
MSFT	1.05	(0.17)	0.00	(0.45)	0.00	0.00	1.78	(2.50)	4.90
UBER	1.45	(0.23)	0.00	(0.24)	0.00	0.00	2.60	(3.82)	10.23
F	1.42	0.03	0.04	0.09	1.38	(1.76)	3.38	(2.35)	16.30
T	0.87	(0.14)	0.00	(17.25)	0.00	0.00	1.53	(1.85)	4.30
A	1.21	(0.11)	0.00	(0.19)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.47	(0.27)	0.00	(0.18)	0.00	0.00	2.94	(3.10)	12.37
JPM	1.12	(0.08)	(0.02)	0.02	1.70	(1.09)	2.00	(3.11)	7.38
MRK	1.24	0.27	0.19	0.45	1.11	(1.53)	3.59	(1.98)	8.09
XOM	1.07	0.28	0.18	4.39	0.95	(1.26)	2.38	(1.51)	5.82

CIBC Premium Competitive Analysis

The better you understand CIBC Premium competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, CIBC Premium's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across CIBC Premium's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	CCAD	CCRE	CCEI	CCLN	CUDC-F	CCNS	CQLU	CSBG	CGLO
	0.02 50.12 CIBC	0.45 18.05 CIBC	0.22 36.00 CIBC	0.94 10.57 CIBC	0.05 20.41 CIBC	0.00 18.26 CIBC	0.76 19.62 CIBC	21.12 24.77 CIBC	0.69 32.21 CIBC
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Not too volatile	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	High	Soft	Solid	Weak	Weak	Weak	Mild	Fair	Soft
Odds of Financial Distress (Probability Of Bankruptcy)	Unknown	Low	Low	Fair	Fair	Low	Fair	Fair	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Fairly Valued	Under Valued	Fairly Valued	Over Valued	Fairly Valued	Fairly Valued	Under Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Cautious Hold	Strong Buy	Cautious Hold	Strong Sell	Cautious Hold	Cautious Hold	Strong Buy	Hold
Equity Positions Weight	N/A	N/A	100.5	N/A	N/A	N/A	N/A	N/A	97.93
Three Year Return	N/A	4.9	21.1	N/A	N/A	4.4	N/A	N/A	11.8
Net Asset	N/A	365.13 M	213.08 M	N/A	N/A	61.88 M	N/A	N/A	46.04 M
Five Year Return	N/A	1.3	N/A	N/A	N/A	1.4	N/A	N/A	8.2
One Year Return	N/A	4.6	34.0	N/A	N/A	4.1	N/A	N/A	2.2
Bond Positions Weight	N/A	63.52	N/A	N/A	N/A	68.31	N/A	N/A	N/A
Beta	N/A	0.61	0.99	1.45	N/A	0.55	0.33	0.99	0.91
Day Typical Price	50.12	18.04	35.98	10.65	20.41	18.26	19.62	24.78	32.17
Accumulation Distribution	N/A	3.51	0.0025	21.91	N/A	N/A	5.0E-4	0.12	7.3
Market Facilitation Index	N/A	0.0	0.09	2.0E-4	N/A	N/A	0.01	3.0E-4	1.0E-4
Daily Balance Of Power	9.2 T	2.0	0.8889	(0.43)	0	0.0	(15.00)	144.0	1.833333
Period Momentum Indicator	0.01	0.08	0.08	(0.10)	(0.01)	N/A	(0.15)	4.32	0.22
Rate Of Daily Change	1.0	1.0	1.0	0.99	1.0	1.0	0.99	1.21	1.01
Day Median Price	50.12	18.03	35.97	10.69	20.41	18.26	19.62	24.79	32.15
Price Action Indicator	0.005	0.06	0.075	(0.17)	(0.01)	N/A	(0.07)	2.14	0.17
Relative Strength Index	81.18	60.69	66.9	55.4	51.52	64.72	54.77	100.0	54.34
Coefficient Of Variation	208.72	1605.49	431.26	3011.58	4307.01	12188.39	(2,742)	812.4	2751.19
Mean Deviation	0.0166	0.1127	0.5562	1.05	0.5349	0.0381	0.4561	0.6304	0.5953
Jensen Alpha	(0.0008)	(0)	0.121	0.0072	0.0166	(0.01)	(0.05)	0.2862	(0.01)
Total Risk Alpha	(0)	(0.02)	0.0882	(0.13)	(0.06)	(0.02)	(0.1)	0.0587	(0.05)
Sortino Ratio	(3.41)	(0.47)	0.1065	(0.01)	(0.08)	(0.30)	N/A	N/A	(0.06)
Downside Variance	4.0E-4	0.0229	0.6753	8.43	0.5765	0.0731	N/A	N/A	0.7096
Standard Deviation	0.0196	0.1505	0.7265	1.9	0.7207	0.1082	0.6554	2.6	0.7396
Kurtosis	(0.50)	0.7215	0.3925	5.77	0.8415	9.88	1.48	66.0	(0.38)
Potential Upside	0.0401	0.279	1.4	3.28	1.14	0.1101	0.885	N/A	1.13
Treynor Ratio	(0.23)	(0.01)	0.2999	0.0822	(0.05)	(0.43)	(0.13)	0.9209	0.0439
Maximum Drawdown	0.0802	0.669	3.44	11.82	3.96	0.7661	3.25	N/A	3.21
Variance	4.0E-4	0.0226	0.5279	3.6	0.5194	0.0117	0.4296	6.76	0.547
Market Risk Adjusted Performance	(0.22)	(0)	0.3099	0.0922	(0.04)	(0.42)	(0.12)	0.9309	0.0539
Risk Adjusted Performance	(0.01)	0.0069	0.1701	0.0305	0.0169	(0.05)	(0.03)	0.0975	0.0268
Skewness	0.2401	0.3134	(0.53)	(0.61)	(0.27)	0.1215	(0.87)	8.12	(0.29)
Semi Deviation	0.0	0.0754	0.563	1.56	0.7234	0.0728	N/A	N/A	0.78
Information Ratio	(3.65)	(0.48)	0.1205	(0.01)	(0.09)	(0.74)	(0.16)	0.092	(0.07)
Value At Risk	(0.02)	(0.22)	(0.97)	(2.30)	(1.18)	(0.11)	(1.51)	N/A	(1.24)
Expected Short fall	(0.03)	(0.15)	(0.61)	(1.98)	(0.55)	(0.21)	N/A	N/A	(0.57)
Downside Deviation	0.021	0.1515	0.8218	2.9	0.7593	0.2704	N/A	N/A	0.8424
Semi Variance	(0.01)	0.0057	0.317	2.45	0.5233	0.0053	N/A	N/A	0.6084

CIBC Premium Competition Performance Charts

Five steps to successful analysis of CIBC Premium Competition

CIBC Premium's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by CIBC Premium Cash in relation to its competition. CIBC Premium's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of CIBC Premium in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact CIBC Premium's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to CIBC Premium Cash, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your CIBC Premium position

In addition to having CIBC Premium in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Companies that provide healthcare goods and services including hospitals, health maintenance organizations, HMOs, or medical aid manufacturers. The Healthcare theme has 20 constituents at this time.

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