Tamilnad Mercantile (India) Market Value
| TMB Stock | 473.35 1.05 0.22% |
| Symbol | Tamilnad |
Tamilnad Mercantile 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Tamilnad Mercantile's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Tamilnad Mercantile.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Tamilnad Mercantile on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Tamilnad Mercantile Bank or generate 0.0% return on investment in Tamilnad Mercantile over 720 days. Tamilnad Mercantile is related to or competes with Network18 Media, Generic Engineering, BF Investment, Cholamandalam Investment, Datamatics Global, Industrial Investment, and Computer Age. Tamilnad Mercantile is entity of India. It is traded as Stock on NSE exchange. More
Tamilnad Mercantile Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Tamilnad Mercantile's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Tamilnad Mercantile Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 8.77 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 2.8 |
Tamilnad Mercantile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tamilnad Mercantile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tamilnad Mercantile's standard deviation. In reality, there are many statistical measures that can use Tamilnad Mercantile historical prices to predict the future Tamilnad Mercantile's volatility.| Risk Adjusted Performance | 0.0364 | |||
| Jensen Alpha | 0.0484 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 3.31 |
Tamilnad Mercantile Bank Backtested Returns
At this point, Tamilnad Mercantile is very steady. Tamilnad Mercantile Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0473, which indicates the firm had a 0.0473% 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 Semi Deviation of 1.23, risk adjusted performance of 0.0364, and Coefficient Of Variation of 2412.75 to confirm if the risk estimate we provide is consistent with the expected return of 0.0694%. Tamilnad Mercantile has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.0152, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tamilnad Mercantile's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tamilnad Mercantile is expected to be smaller as well. Tamilnad Mercantile Bank right now has a risk of 1.47%. Please validate Tamilnad Mercantile value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to decide if Tamilnad Mercantile will be following its existing price patterns.
Auto-correlation | -0.22 |
Weak reverse predictability
Tamilnad Mercantile Bank has weak reverse predictability. Overlapping area represents the amount of predictability between Tamilnad Mercantile time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tamilnad Mercantile Bank price movement. The serial correlation of -0.22 indicates that over 22.0% of current Tamilnad Mercantile price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 344.17 |
Tamilnad Mercantile Bank lagged returns against current returns
Autocorrelation, which is Tamilnad Mercantile stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Tamilnad Mercantile's stock expected returns. We can calculate the autocorrelation of Tamilnad Mercantile returns to help us make a trade decision. For example, suppose you find that Tamilnad Mercantile has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Tamilnad Mercantile regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Tamilnad Mercantile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tamilnad Mercantile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tamilnad Mercantile stock over time.
Current vs Lagged Prices |
| Timeline |
Tamilnad Mercantile Lagged Returns
When evaluating Tamilnad Mercantile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tamilnad Mercantile stock have on its future price. Tamilnad Mercantile autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Tamilnad Mercantile autocorrelation shows the relationship between Tamilnad Mercantile stock current value and its past values and can show if there is a momentum factor associated with investing in Tamilnad Mercantile Bank.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Tamilnad Stock
Tamilnad Mercantile financial ratios help investors to determine whether Tamilnad Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tamilnad with respect to the benefits of owning Tamilnad Mercantile security.