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Canadian Imperial Bank of Commerce
Financial Services · Banks - Diversified
Made on Jul 7, 2026
Price at call $115.36
6-month call Bear -6.2%
Target by Jan 2027 $108.26
Great value below $95.00
Model v0.3.0

Projection vs Actual (6M history + forecast)

Our straight 6-month prediction (bold) with a textured realism line, and the actual price overlaid from the prediction date forward.

Forecast

One directional 6-month call and the six monthly points we'll be scored against. Predicted Jul 7, 2026 5:23 am
Bear CM trends lower to $108.26 (-6.2% from $115.36) by Jan 2027.
Monthmonths after the call Datewhen it gets graded Predictedthe claim: closing price Current priceactual close — fills in over time Predicted returnpredicted vs $115.36 at call
Prediction made Jul 7, 2026 $115.36 at call
M1 Aug 7, 2026 $114.18 -1.0%
What actually happened: closed $118.44 on Aug 6, 2026 = +2.7% vs the call (predicted -1.0%)  ·  direction HIT (called flat, was flat)  ·  off by 3.7 pp  ·  accuracy 9/10  ·  S&P +2.8% over the same window — lagged it
M2 Sep 7, 2026 $112.99 -2.1%
M3 Oct 7, 2026 $111.81 -3.1%
M4 Nov 7, 2026 $110.62 -4.1%
M5 Dec 7, 2026 $109.44 -5.1%
M6 Jan 7, 2027 $108.26 -6.2%

Deserved value (DCF/composite) is $73.81; over 6 months we project closing only part-way to it (reach 17.1%). Value-only — see Not Yet Modeled below.

Weaknesses

0 blocking · 1 degraded · 1 note — follow the chain top-down (cause → effect).
  • Degraded
    High debt risk — interest coverage dangerously low or refinancing needed
    upstream:valuation-synthesis
  • Note
    Valuation anchor absent: dcf.
    anchor:dcf

Equation Inputs

Everything feeding the v0.3.0 model — value anchors, the stock's own price behaviour, and the tunable knobs.

Value anchors (from deep analysis)

Price at call$115.36
Composite fair value$64.86
Signal-adjusted fair value$60.77
DCF fair value
Anchored-PE fair value$66.10
Buy-below (value lens)$95.00
Value net score-50
Value confidence5 / 10
Quality net score+69
Memo confidence7 / 10
Deserved value (base)$64.86
Quality tilt+13.8%
Deserved value (used)$73.81
Coherence (value × quality)0.50

Price behaviour (trailing — shapes the realism line)

Realized volatility (annualized) 1m 16.6%  3m 22.1%  6m 23.0%  
Daily σ (realism noise)1.4%
Beta vs S&P 500 1m 0.24  3m 0.58  5m 0.82  
Trailing 6-month return27.3%

Knobs (equation params)

Deserved wt · DCF0.5
Quality tilt cap (±)0.2
Horizon reach (6mo)0.45
Coherence floor (conflict)0.5
Conviction gain / pt0.06
Realism mean-reversion φ0.85
Conviction floor0.4
Deserved wt · composite0.5
Realism vol window3m
Neutral band (%)5
Horizon (months)6
Realism σ fallback0.015

Version & Tech Chain

What produced this prediction — stamped on the record so versions can be compared by success rate later.
Model v0.3.0 #6bd904191719

Tech composition (what this version is built from)

#ProcessKindGroup
1 Synthesis valuation-synthesis deterministic final
2 Scenario Analysis scenario-valuation deterministic valuation
3 Valuation / Mispricing ext-lens-value llm extended
4 Company Quality ext-lens-quality llm extended
5 Forensic Memo (combiner) ext-forensic-memo llm extended
6 Classification company-classification llm foundation
7 Live Quote fmp-quote data market-data

Inputs used (the runs that fed this prediction)

Upstream processRanLagRun id
company-classification Jul 7, 2026 freshest CM-20260707-030002-0517
ext-forensic-memo Jul 7, 2026 freshest ext-CM-20260707-045654-e75a
ext-lens-quality Jul 7, 2026 freshest ext-CM-20260707-045654-e75a
ext-lens-value Jul 7, 2026 freshest ext-CM-20260707-045654-e75a
valuation-synthesis Jul 7, 2026 freshest CM-20260707-030002-0517

Inputs flagged 7d+ behind the freshest one may be stale relative to the rest of the analysis.

Saved History

4 frozen snapshots — the record we score once predictions mature.
MadeModelCallAt callTargetExp.Eval due
Aug 20, 2026 v0.6.0 Bull $116.28 $130.75 +12.4% Feb 2027 view
Aug 14, 2026 v0.6.0 Bull $122.40 $133.50 +9.1% Feb 2027 view
Aug 8, 2026 v0.6.0 Bull $118.72 $130.80 +10.2% Feb 2027 view
Jul 7, 2026 v0.3.0 Bear $115.36 $108.26 -6.2% Jan 2027 viewing

Not Yet Modeled

What this v0.3.0 forecast deliberately ignores — the work ahead, in plain sight.
  • Signal-adjusted fair value ($60.77) — the red-flag-adjusted anchor isn't the primary input yet (we use the raw DCF/composite blend, which double-counts DCF).
  • Recent momentum / drift — the line takes off straight; the trailing 6-month move (27.3%) doesn't bend the slope.
  • Market beta — computed (1–5mo) for context but does not condition the path.
  • Earnings dates, catalysts, and known events — not modeled.
  • Macro regime & sector rotation — not modeled.
  • Horizon is a fixed 6-month assumption, not a modeled time-to-target.
  • Outcome scoring — predictions aren't yet graded against realized price once the evaluation date passes.