Canadian Income Before Tax vs Tax Provision Analysis

CM Stock

CAD 90.70 0.36 0.40%

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 Income Before Tax and its Tax Provision 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 closely tied with the direction of predictive economic indicators such as signals in estimate.

Income Before Tax vs Tax Provision

Income Before Tax vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Imperial Bank Income Before Tax account and Tax Provision. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Canadian Imperial's Income Before Tax and Tax Provision is 0.9. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Tax Provision 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 Income Before Tax and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Canadian Imperial Bank are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Income Before Tax i.e., Canadian Imperial's Income Before Tax and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.9

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Canadian Imperial income statement and is an important metric when analyzing Canadian Imperial Bank profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

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 closely tied with the direction of predictive economic indicators such as signals in estimate.

As of the 27th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.44, while Selling General Administrative is likely to drop about 5.5 B.

	2021	2022	2023	2024 (projected)
Interest Expense	9.5B	32.2B	37.0B	38.9B
Depreciation And Amortization	1.0B	1.1B	1.3B	1.4B

Interest Expense Depreciation And Amortization

Canadian Imperial fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Liab	Total Current Liabilities	Accounts Payable	Net Receivables	Other Current Assets	Short Term Debt	Good Will	Short Term Investments	Intangible Assets
Total Assets		0.96	0.99	0.77	0.85	0.99	0.93	0.83	0.77	-0.37	0.85	0.79	0.84	-0.41	1.0	0.92	0.72	0.69	0.83	0.98	0.9	0.48	0.83	0.71	0.19	0.97
Short Long Term Debt Total	0.96		0.95	0.78	0.95	0.95	0.91	0.84	0.81	-0.43	0.77	0.76	0.85	-0.34	0.96	0.97	0.64	0.72	0.84	0.95	0.88	0.57	0.73	0.6	0.04	0.9
Total Stockholder Equity	0.99	0.95		0.74	0.82	1.0	0.91	0.8	0.74	-0.33	0.83	0.81	0.82	-0.39	0.99	0.89	0.71	0.66	0.81	0.98	0.9	0.47	0.85	0.77	0.19	0.98
Property Plant And Equipment Net	0.77	0.78	0.74		0.64	0.76	0.89	0.56	0.52	-0.18	0.8	0.81	0.56	-0.1	0.77	0.83	0.81	0.43	0.55	0.74	0.64	0.61	0.53	0.61	0.25	0.66
Net Debt	0.85	0.95	0.82	0.64		0.83	0.76	0.85	0.86	-0.54	0.56	0.63	0.86	-0.32	0.85	0.93	0.41	0.78	0.84	0.84	0.8	0.58	0.61	0.42	-0.19	0.79
Retained Earnings	0.99	0.95	1.0	0.76	0.83		0.91	0.81	0.75	-0.35	0.83	0.81	0.83	-0.36	0.99	0.9	0.72	0.66	0.82	0.98	0.9	0.5	0.85	0.75	0.2	0.98
Cash	0.93	0.91	0.91	0.89	0.76	0.91		0.7	0.64	-0.24	0.92	0.73	0.7	-0.27	0.93	0.93	0.83	0.55	0.69	0.89	0.79	0.56	0.69	0.61	0.29	0.83
Non Current Assets Total	0.83	0.84	0.8	0.56	0.85	0.81	0.7		0.99	-0.83	0.56	0.67	0.99	-0.18	0.83	0.83	0.35	0.97	1.0	0.87	0.65	0.48	0.56	0.39	0.0	0.78
Non Currrent Assets Other	0.77	0.81	0.74	0.52	0.86	0.75	0.64	0.99		-0.86	0.48	0.6	0.98	-0.14	0.77	0.81	0.26	0.98	0.98	0.82	0.6	0.53	0.51	0.31	-0.08	0.72
Other Assets	-0.37	-0.43	-0.33	-0.18	-0.54	-0.35	-0.24	-0.83	-0.86		-0.12	-0.32	-0.8	-0.11	-0.37	-0.46	0.11	-0.92	-0.81	-0.47	-0.17	-0.32	-0.1	0.06	0.12	-0.32
Cash And Short Term Investments	0.85	0.77	0.83	0.8	0.56	0.83	0.92	0.56	0.48	-0.12		0.65	0.58	-0.34	0.85	0.76	0.94	0.39	0.57	0.79	0.73	0.31	0.73	0.59	0.62	0.78
Common Stock Shares Outstanding	0.79	0.76	0.81	0.81	0.63	0.81	0.73	0.67	0.6	-0.32	0.65		0.66	-0.13	0.78	0.72	0.6	0.56	0.67	0.82	0.67	0.46	0.6	0.8	0.17	0.76
Non Current Liabilities Total	0.84	0.85	0.82	0.56	0.86	0.83	0.7	0.99	0.98	-0.8	0.58	0.66		-0.22	0.84	0.83	0.37	0.95	1.0	0.88	0.68	0.49	0.63	0.42	0.03	0.81
Other Stockholder Equity	-0.41	-0.34	-0.39	-0.1	-0.32	-0.36	-0.27	-0.18	-0.14	-0.11	-0.34	-0.13	-0.22		-0.41	-0.18	-0.38	-0.09	-0.2	-0.27	-0.49	0.46	-0.54	-0.34	-0.03	-0.46
Total Liab	1.0	0.96	0.99	0.77	0.85	0.99	0.93	0.83	0.77	-0.37	0.85	0.78	0.84	-0.41		0.92	0.72	0.69	0.83	0.98	0.9	0.48	0.83	0.7	0.19	0.97
Property Plant And Equipment Gross	0.92	0.97	0.89	0.83	0.93	0.9	0.93	0.83	0.81	-0.46	0.76	0.72	0.83	-0.18	0.92		0.62	0.73	0.82	0.91	0.8	0.69	0.63	0.5	0.04	0.82
Total Current Assets	0.72	0.64	0.71	0.81	0.41	0.72	0.83	0.35	0.26	0.11	0.94	0.6	0.37	-0.38	0.72	0.62		0.16	0.36	0.65	0.67	0.23	0.68	0.64	0.63	0.67
Other Current Liab	0.69	0.72	0.66	0.43	0.78	0.66	0.55	0.97	0.98	-0.92	0.39	0.56	0.95	-0.09	0.69	0.73	0.16		0.96	0.75	0.49	0.46	0.39	0.25	-0.12	0.64
Total Current Liabilities	0.83	0.84	0.81	0.55	0.84	0.82	0.69	1.0	0.98	-0.81	0.57	0.67	1.0	-0.2	0.83	0.82	0.36	0.96		0.88	0.67	0.47	0.61	0.42	0.03	0.8
Accounts Payable	0.98	0.95	0.98	0.74	0.84	0.98	0.89	0.87	0.82	-0.47	0.79	0.82	0.88	-0.27	0.98	0.91	0.65	0.75	0.88		0.87	0.52	0.77	0.69	0.18	0.94
Net Receivables	0.9	0.88	0.9	0.64	0.8	0.9	0.79	0.65	0.6	-0.17	0.73	0.67	0.68	-0.49	0.9	0.8	0.67	0.49	0.67	0.87		0.37	0.83	0.67	0.12	0.91
Other Current Assets	0.48	0.57	0.47	0.61	0.58	0.5	0.56	0.48	0.53	-0.32	0.31	0.46	0.49	0.46	0.48	0.69	0.23	0.46	0.47	0.52	0.37		0.25	0.3	-0.18	0.41
Short Term Debt	0.83	0.73	0.85	0.53	0.61	0.85	0.69	0.56	0.51	-0.1	0.73	0.6	0.63	-0.54	0.83	0.63	0.68	0.39	0.61	0.77	0.83	0.25		0.74	0.33	0.9
Good Will	0.71	0.6	0.77	0.61	0.42	0.75	0.61	0.39	0.31	0.06	0.59	0.8	0.42	-0.34	0.7	0.5	0.64	0.25	0.42	0.69	0.67	0.3	0.74		0.17	0.78
Short Term Investments	0.19	0.04	0.19	0.25	-0.19	0.2	0.29	0.0	-0.08	0.12	0.62	0.17	0.03	-0.03	0.19	0.04	0.63	-0.12	0.03	0.18	0.12	-0.18	0.33	0.17		0.18
Intangible Assets	0.97	0.9	0.98	0.66	0.79	0.98	0.83	0.78	0.72	-0.32	0.78	0.76	0.81	-0.46	0.97	0.82	0.67	0.64	0.8	0.94	0.91	0.41	0.9	0.78	0.18

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Canadian Imperial Account Relationship Matchups

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	74.0B	164.2B	187.5B	194.5B	223.7B	234.9B
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	159.9B	172.3B	187.8B	982.0B	1.1T	1.2T
Non Currrent Assets Other	(159.9B)	(402M)	(480M)	758.6B	872.3B	916.0B
Other Assets	483.6B	566.8B	643.3B	(100.7B)	(115.8B)	(110.0B)
Cash And Short Term Investments	117.1B	88.1B	92.7B	80.5B	92.6B	97.2B
Common Stock Shares Outstanding	892.0M	900.4M	905.7M	916.2M	1.1B	875.6M
Liabilities And Stockholders Equity	769.6B	837.7B	943.6B	975.7B	1.1T	1.2T
Non Current Liabilities Total	45.9B	88.0B	91.4B	395.6B	454.9B	477.6B
Other Stockholder Equity	234M	110M	115M	109M	98.1M	93.2M
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	126.1B	98.6B	112.5B	94.4B	85.0B	62.0B
Other Current Liab	(73.6B)	(85.1B)	(91.4B)	436.1B	501.5B	526.5B
Total Current Liabilities	73.6B	85.1B	91.4B	527.0B	606.0B	636.3B
Accounts Payable	8.7B	8.8B	11.2B	13.2B	15.2B	16.0B
Net Receivables	9.0B	10.4B	19.8B	13.9B	16.0B	16.8B
Other Current Assets	27.6B	196.5B	217.0B	202.0B	181.8B	190.9B
Short Term Debt	64.9B	76.2B	80.2B	77.7B	89.3B	93.8B
Accumulated Other Comprehensive Income	1.4B	1.1B	1.6B	1.5B	1.7B	1.8B
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	21.0B
Intangible Assets	2.0B	2.0B	2.6B	2.7B	3.2B	3.3B
Common Stock	13.9B	14.4B	14.7B	16.1B	18.5B	10.4B
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	23M	(196.5B)	(217.0B)	(202.0B)	(181.8B)	(172.7B)
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 together with Canadian Stock

0.88	FFH	Fairfax Financial	Pair Corr
0.7	FFH-PM	Fairfax Financial	Pair Corr

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 Correlation Correlation 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:

How To Invest In Canadian

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Is Canadian Stock a good investment?

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What is Canadian Imperial's Net Worth?

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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 closely tied with the direction of predictive economic indicators such as signals in estimate.

You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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.

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Canadian Income Before Tax vs Tax Provision Analysis

Income Before Tax vs Tax Provision

Income Before Tax vs Tax Provision Correlation Analysis

Correlation Coefficient

Income Before Tax

Tax Provision

Canadian Imperial fundamental ratios Correlations

Canadian Imperial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian Imperial fundamental ratios Accounts

Pair Trading with Canadian Imperial

Moving together with Canadian Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Total Current Liabilities	+ 1.0	Non Current Assets Total
Total Current Liabilities	+ 1.0	Non Current Liabilities Total
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets

Other Current Liab	- 0.92	Other Assets
Other Assets	- 0.86	Non Currrent Assets Other
Other Assets	- 0.83	Non Current Assets Total
Total Current Liabilities	- 0.81	Other Assets
Non Current Liabilities Total	- 0.8	Other Assets
Short Term Debt	- 0.54	Other Stockholder Equity