Tamilnad Mercantile (India) Price on May 15, 2023

TMB Stock   494.20  5.95  1.22%   
If you're considering investing in Tamilnad Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tamilnad Mercantile stands at 494.20, as last reported on the 5th of December, with the highest price reaching 496.60 and the lowest price hitting 481.25 during the day. At this point, Tamilnad Mercantile is very steady. Tamilnad Mercantile Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0556, which indicates the firm had a 0.0556% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tamilnad Mercantile Bank, which you can use to evaluate the volatility of the company. Please validate Tamilnad Mercantile's Coefficient Of Variation of 1111.22, risk adjusted performance of 0.0715, and Semi Deviation of 1.19 to confirm if the risk estimate we provide is consistent with the expected return of 0.0825%.
  
At present, Tamilnad Mercantile's Capital Stock is projected to increase significantly based on the last few years of reporting. . Tamilnad Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0556

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Estimated Market Risk

 1.49
  actual daily
13
87% of assets are more volatile

Expected Return

 0.08
  actual daily
1
99% of assets have higher returns

Risk-Adjusted Return

 0.06
  actual daily
4
96% of assets perform better
Based on monthly moving average Tamilnad Mercantile is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Tamilnad Mercantile by adding it to a well-diversified portfolio.
Price Book
0.8958
Book Value
532.486
Enterprise Value
64.8 B
Price Sales
2.7063
Shares Float
108.2 M

Tamilnad Mercantile Valuation on May 15, 2023

It is possible to determine the worth of Tamilnad Mercantile on a given historical date. On May 15, 2023 Tamilnad was worth 405.7 at the beginning of the trading date compared to the closed value of 408.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tamilnad Mercantile stock. Still, in general, we apply an absolute valuation method to find Tamilnad Mercantile's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Tamilnad Mercantile where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tamilnad Mercantile's related companies.
 Open High Low Close Volume
  409.34    410.94    404.53    408.85    35,930  
05/15/2023
  405.70    410.50    404.48    408.90    51,930  
  410.79    413.31    404.24    406.81    45,395  
Backtest Tamilnad Mercantile  |  Tamilnad Mercantile History  |  Tamilnad Mercantile Valuation   PreviousNext  
Open Value
405.7
401.24
Downside
408.9
Closing Value
410.16
Upside

Tamilnad Mercantile Trading Date Momentum on May 15, 2023

On May 16 2023 Tamilnad Mercantile Bank was traded for  406.81  at the closing time. The highest price during the trading period was 413.31  and the lowest recorded bid was listed for  404.24 . The volume for the day was 45.4 K. This history from May 16, 2023 contributed to the next trading day price decline. The trading price change to the next closing price was 0.51% . The trading price change to the current price is 0.68% .

Tamilnad Mercantile Bank Fundamentals Correlations and Trends

By evaluating Tamilnad Mercantile's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tamilnad Mercantile's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tamilnad financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Tamilnad Mercantile Stock history

Tamilnad Mercantile investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Tamilnad is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tamilnad Mercantile Bank will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Tamilnad Mercantile stock prices may prove useful in developing a viable investing in Tamilnad Mercantile
Last ReportedProjected for Next Year
Common Stock Shares Outstanding158.4 M159.7 M

Tamilnad Mercantile Stock Technical Analysis

Tamilnad Mercantile technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Tamilnad Mercantile technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Tamilnad Mercantile trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Tamilnad Mercantile Period Price Range

Low
December 5, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Tamilnad Mercantile Bank cannot be verified against its exchange. Please verify the symbol is currently traded on National Stock Exchange of India. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Tamilnad Mercantile December 5, 2024 Market Strength

Market strength indicators help investors to evaluate how Tamilnad Mercantile stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tamilnad Mercantile shares will generate the highest return on investment. By undertsting and applying Tamilnad Mercantile stock market strength indicators, traders can identify Tamilnad Mercantile Bank entry and exit signals to maximize returns

Tamilnad Mercantile Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Tamilnad Mercantile's price direction in advance. Along with the technical and fundamental analysis of Tamilnad Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tamilnad to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Tamilnad Stock analysis

When running Tamilnad Mercantile's price analysis, check to measure Tamilnad Mercantile'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 Tamilnad Mercantile is operating at the current time. Most of Tamilnad Mercantile's value examination focuses on studying past and present price action to predict the probability of Tamilnad Mercantile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tamilnad Mercantile's price. Additionally, you may evaluate how the addition of Tamilnad Mercantile to your portfolios can decrease your overall portfolio volatility.
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