Tamilnad Mercantile (India) Price on June 27, 2023
| TMB Stock | 501.35 4.35 0.88% |
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 501.35, as last reported on the 11th of December 2024, with the highest price reaching 503.00 and the lowest price hitting 486.50 during the day. At this point, Tamilnad Mercantile is very steady. Tamilnad Mercantile Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0877, which indicates the firm had a 0.0877% return per unit of risk over the last 3 months. We have found twenty-nine 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 1508.35, semi deviation of 1.27, and Risk Adjusted Performance of 0.0531 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%.
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.
Tamilnad |
Sharpe Ratio = 0.0877
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| Cash | Small Risk | TMB | High Risk | Huge Risk |
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Estimated Market Risk
| 1.53 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Tamilnad Mercantile is performing at about 6% 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 0.9178 | Book Value 532.486 | Enterprise Value 66.2 B | Price Sales 2.7559 | Shares Float 108.2 M |
Tamilnad Mercantile Valuation on June 27, 2023
It is possible to determine the worth of Tamilnad Mercantile on a given historical date. On June 27, 2023 Tamilnad was worth 425.44 at the beginning of the trading date compared to the closed value of 418.79. 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 | |
| 426.95 | 429.81 | 418.55 | 419.67 | 107,382 | |
06/27/2023 | 425.44 | 425.49 | 417.29 | 418.79 | 56,429 |
| 417.29 | 441.55 | 412.44 | 424.57 | 258,967 |
| Backtest Tamilnad Mercantile | | | Tamilnad Mercantile History | | | Tamilnad Mercantile Valuation | Previous | Next |
Tamilnad Mercantile Trading Date Momentum on June 27, 2023
| On June 28 2023 Tamilnad Mercantile Bank was traded for 424.57 at the closing time. The highest price during the trading period was 441.55 and the lowest recorded bid was listed for 412.44 . The volume for the day was 259 K. This history from June 28, 2023 contributed to the next trading day price growth. The trading price change to the next closing price was 1.38% . The trading price change to the current price is 1.27% . |
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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 158.4 M | 159.7 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.
Price Boundaries
Tamilnad Mercantile Period Price Range
Low | December 11, 2024
| 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 11, 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.
| Risk Adjusted Performance | 0.0531 | |||
| Jensen Alpha | 0.1072 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.62) |
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| Volume Indicators |
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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