Mercantile Bank Stock Market Value
| MBWM Stock | USD 39.61 0.01 0.03% |
| Symbol | Mercantile |
Mercantile Bank Price To Book Ratio
Is Mercantile Bank's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mercantile Bank. If investors know Mercantile will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mercantile Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.021 | Dividend Share 1.36 | Earnings Share 5.16 | Revenue Per Share 13.722 | Quarterly Revenue Growth 0.04 |
The market value of Mercantile Bank is measured differently than its book value, which is the value of Mercantile that is recorded on the company's balance sheet. Investors also form their own opinion of Mercantile Bank's value that differs from its market value or its book value, called intrinsic value, which is Mercantile Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mercantile Bank's market value can be influenced by many factors that don't directly affect Mercantile Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mercantile Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mercantile Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mercantile Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Mercantile Bank '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 Mercantile Bank'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 Mercantile Bank.
| 04/12/2024 |
| 05/12/2024 |
If you would invest 0.00 in Mercantile Bank on April 12, 2024 and sell it all today you would earn a total of 0.00 from holding Mercantile Bank or generate 0.0% return on investment in Mercantile Bank over 30 days. Mercantile Bank is related to or competes with Macatawa Bank, Great Southern, First Bancorp, MidWestOne Financial, and Lakeland Financial. Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercia... More
Mercantile Bank 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 Mercantile Bank'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 Mercantile Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | 0.0224 | |||
| Maximum Drawdown | 11.04 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 4.16 |
Mercantile Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mercantile Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mercantile Bank's standard deviation. In reality, there are many statistical measures that can use Mercantile Bank historical prices to predict the future Mercantile Bank's volatility.| Risk Adjusted Performance | 0.0442 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0216 | |||
| Treynor Ratio | 0.07 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mercantile Bank's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mercantile Bank Backtested Returns
We consider Mercantile Bank very steady. Mercantile Bank has Sharpe Ratio of 0.0306, which conveys that the firm had a 0.0306% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mercantile Bank, which you can use to evaluate the volatility of the firm. Please verify Mercantile Bank's Downside Deviation of 2.3, risk adjusted performance of 0.0442, and Mean Deviation of 1.57 to check out if the risk estimate we provide is consistent with the expected return of 0.0679%. Mercantile Bank has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.76, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Mercantile Bank will likely underperform. Mercantile Bank right now secures a risk of 2.22%. Please verify Mercantile Bank value at risk, as well as the relationship between the skewness and day median price , to decide if Mercantile Bank will be following its current price movements.
Auto-correlation | 0.51 |
Modest predictability
Mercantile Bank has modest predictability. Overlapping area represents the amount of predictability between Mercantile Bank time series from 12th of April 2024 to 27th of April 2024 and 27th of April 2024 to 12th of May 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 Mercantile Bank price movement. The serial correlation of 0.51 indicates that about 51.0% of current Mercantile Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 1.76 |
Mercantile Bank lagged returns against current returns
Autocorrelation, which is Mercantile Bank 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 Mercantile Bank's stock expected returns. We can calculate the autocorrelation of Mercantile Bank returns to help us make a trade decision. For example, suppose you find that Mercantile Bank 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 |
Mercantile Bank 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 Mercantile Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mercantile Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mercantile Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Mercantile Bank Lagged Returns
When evaluating Mercantile Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mercantile Bank stock have on its future price. Mercantile Bank 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, Mercantile Bank autocorrelation shows the relationship between Mercantile Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Mercantile Bank.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Mercantile Bank Correlation, Mercantile Bank Volatility and Mercantile Bank Alpha and Beta module to complement your research on Mercantile Bank. To learn how to invest in Mercantile Stock, please use our How to Invest in Mercantile Bank guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Mercantile Stock analysis
When running Mercantile Bank's price analysis, check to measure Mercantile Bank'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 Mercantile Bank is operating at the current time. Most of Mercantile Bank's value examination focuses on studying past and present price action to predict the probability of Mercantile Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mercantile Bank's price. Additionally, you may evaluate how the addition of Mercantile Bank to your portfolios can decrease your overall portfolio volatility.
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |
Mercantile Bank 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.