CMI

How is CMI doing right now?

In plain terms: CMI is 11.5% below its highest-ever price. Dipsern checks every past time it was this far down and grades how the next 90 days usually went.

CMI (Cummins) is 11.5% below its historical peak. Tape reads in a moderate correction, with the last trade at $644.26. A drawdown of this depth is where patient buyers start paying attention. Historically the asymmetry begins to favor accumulation here, especially when paired with structural demand.

What history says at this drawdown

CMI reaches this drawdown band repeatedly in its history (1383 observations), which is a large sample for the segmentation engine to compute a stable median forward return. The engine uses a rolling 90-day window and gives more weight to recent years — this lets the signal adapt to regime changes (e.g., post-COVID volatility) without losing the long-run base rate.

What this means for CMI

S&P 500 names behave differently from small-caps at the same drawdown level — the Dipsern segmentation is per-ticker, so historical base rates for CMI reflect its own volatility regime, not the market's. Moderate corrections are the highest-information zone for the Dipsern signal: enough drawdown for mean-reversion to matter, not so much that fundamentals are likely broken. Watch the prediction-error column — if past signals at this level were accurate, the current one is more trustworthy.