Tamilnad Mercantile (India) Price on November 4, 2024
| TMB Stock | 438.00 14.05 3.31% |
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 438.00, as last reported on the 4th of February, with the highest price reaching 440.80 and the lowest price hitting 426.70 during the day. At this point, Tamilnad Mercantile is very steady. Tamilnad Mercantile Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % 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 1.09, coefficient of variation of 178486.97, and Risk Adjusted Performance of 0.0038 to confirm if the risk estimate we provide is consistent with the expected return of 7.0E-4%.
Tamilnad Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tamilnad |
Sharpe Ratio = 6.0E-4
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| Negative Returns | TMB |
Estimated Market Risk
| 1.26 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tamilnad Mercantile is not performing at its full potential. However, 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 Tamilnad Mercantile to a well-diversified portfolio.
Tamilnad Mercantile Valuation on November 4, 2024
It is possible to determine the worth of Tamilnad Mercantile on a given historical date. On November 4, 2024 Tamilnad was worth 451.0 at the beginning of the trading date compared to the closed value of 442.8. 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 | |
| 450.20 | 450.20 | 450.20 | 450.20 | 57,567 | |
11/04/2024 | 451.00 | 451.50 | 441.15 | 442.80 | 115,756 |
| 443.00 | 444.80 | 438.95 | 443.20 | 56,674 |
| Backtest Tamilnad Mercantile | | | Tamilnad Mercantile History | | | Tamilnad Mercantile Valuation | Previous | Next |
Tamilnad Mercantile Trading Date Momentum on November 4, 2024
| On November 05 2024 Tamilnad Mercantile Bank was traded for 443.20 at the closing time. The highest price during the trading period was 444.80 and the lowest recorded bid was listed for 438.95 . The volume for the day was 56.7 K. This history from November 5, 2024 contributed to the next trading day price growth. The trading price change to the next closing price was 0.09% . The trading price change to the current price is 1.76% . |
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
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 | February 4, 2025
| 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 February 4, 2025 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 | 0.0038 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.4742 |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| 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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