| TMB Stock | | | 473.35 1.05 0.22% |
Tamilnad Mercantile financial indicator trend analysis is much more than just breaking down Tamilnad Mercantile Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tamilnad Mercantile Bank is a good investment. Please check the relationship between Tamilnad Mercantile Accounts Payable and its Common Stock accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tamilnad Mercantile Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Accounts Payable vs Common Stock
Accounts Payable vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tamilnad Mercantile Bank Accounts Payable account and
Common Stock. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Tamilnad Mercantile's Accounts Payable and Common Stock is -0.49. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Common Stock in the same time period over historical financial statements of Tamilnad Mercantile Bank, assuming nothing else is changed. The correlation between historical values of Tamilnad Mercantile's Accounts Payable and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Tamilnad Mercantile Bank are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Accounts Payable i.e., Tamilnad Mercantile's Accounts Payable and Common Stock go up and down completely randomly.
Correlation Coefficient | -0.49 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents Tamilnad Mercantile obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Tamilnad Mercantile Bank are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Common Stock
Most indicators from Tamilnad Mercantile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tamilnad Mercantile Bank current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tamilnad Mercantile Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Tax Provision is expected to grow to about 3.6
B, whereas
Selling General Administrative is forecasted to decline to about 27.9
M.
Tamilnad Mercantile fundamental ratios Correlations
Click cells to compare fundamentals
Tamilnad Mercantile Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tamilnad Mercantile fundamental ratios Accounts
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Other Information on Investing in Tamilnad Stock
Balance Sheet is a snapshot of the
financial position of Tamilnad Mercantile Bank at a specified time, usually calculated after every quarter, six months, or one year. Tamilnad Mercantile Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tamilnad Mercantile and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Tamilnad currently owns. An asset can also be divided into two categories, current and non-current.