Tamilnad Mercantile (India) Market Value
| TMB Stock | 409.65 1.10 0.27% |
| 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.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Tamilnad Mercantile on December 16, 2024 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 90 days. Tamilnad Mercantile is related to or competes with FCS Software, MIRC Electronics, Transport, United Drilling, ROUTE MOBILE, Ortel Communications, and Music Broadcast. 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.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.39 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 1.37 |
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 | (0.25) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (2.49) |
Tamilnad Mercantile Bank Backtested Returns
Tamilnad Mercantile Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.25, which indicates the firm had a -0.25 % return per unit of risk over the last 3 months. Tamilnad Mercantile Bank exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tamilnad Mercantile's Risk Adjusted Performance of (0.25), coefficient of variation of (351.30), and Variance of 1.02 to confirm the risk estimate we provide. The entity has a beta of 0.12, 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. At this point, Tamilnad Mercantile Bank has a negative expected return of -0.26%. Please make sure to validate Tamilnad Mercantile's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Tamilnad Mercantile Bank performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Tamilnad Mercantile Bank has good predictability. Overlapping area represents the amount of predictability between Tamilnad Mercantile time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. 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 0.79 indicates that around 79.0% of current Tamilnad Mercantile price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 101.68 |
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.