3m Company Stock Market Value
| MMM Stock | USD 92.62 0.35 0.38% |
| Symbol | 3M |
3M Company Price To Book Ratio
Is 3M'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 3M. If investors know 3M 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 3M 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 0.744 | Dividend Share 6 | Earnings Share (12.63) | Revenue Per Share 59.002 | Quarterly Revenue Growth (0.01) |
The market value of 3M Company is measured differently than its book value, which is the value of 3M that is recorded on the company's balance sheet. Investors also form their own opinion of 3M's value that differs from its market value or its book value, called intrinsic value, which is 3M'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 3M's market value can be influenced by many factors that don't directly affect 3M'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 3M's value and its price as these two are different measures arrived at by different means. Investors typically determine if 3M is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 3M'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.
3M '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 3M'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 3M.
| 03/23/2024 |
| 04/22/2024 |
If you would invest 0.00 in 3M on March 23, 2024 and sell it all today you would earn a total of 0.00 from holding 3M Company or generate 0.0% return on investment in 3M over 30 days. 3M is related to or competes with MDU Resources, Valmont Industries, Griffon, Compass Diversified, Brookfield Business, and Matthews International. 3M Company operates as a diversified technology company worldwide More
3M 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 3M'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 3M Company upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.47 | |||
| Information Ratio | 0.013 | |||
| Maximum Drawdown | 12.27 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 2.93 |
3M Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 3M's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 3M's standard deviation. In reality, there are many statistical measures that can use 3M historical prices to predict the future 3M's volatility.| Risk Adjusted Performance | 0.0392 | |||
| Jensen Alpha | 0.0167 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0114 | |||
| Treynor Ratio | 0.0898 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 3M'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.
3M Company Backtested Returns
3M appears to be very steady, given 3 months investment horizon. 3M Company retains Efficiency (Sharpe Ratio) of 0.16, which signifies that the company had a 0.16% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for 3M, which you can use to evaluate the volatility of the firm. Please makes use of 3M's Market Risk Adjusted Performance of 0.0998, standard deviation of 2.17, and Coefficient Of Variation of 1913.02 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, 3M holds a performance score of 12. The firm owns a Beta (Systematic Risk) of 1.15, which signifies 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, 3M will likely underperform. Please check 3M's maximum drawdown, and the relationship between the information ratio and expected short fall , to make a quick decision on whether 3M's current price history will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
3M Company has very good reverse predictability. Overlapping area represents the amount of predictability between 3M time series from 23rd of March 2024 to 7th of April 2024 and 7th of April 2024 to 22nd of April 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 3M Company price movement. The serial correlation of -0.7 indicates that around 70.0% of current 3M price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
3M Company lagged returns against current returns
Autocorrelation, which is 3M 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 3M's stock expected returns. We can calculate the autocorrelation of 3M returns to help us make a trade decision. For example, suppose you find that 3M 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 |
3M 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 3M stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 3M stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 3M stock over time.
Current vs Lagged Prices |
| Timeline |
3M Lagged Returns
When evaluating 3M's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 3M stock have on its future price. 3M 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, 3M autocorrelation shows the relationship between 3M stock current value and its past values and can show if there is a momentum factor associated with investing in 3M Company.
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 3M Correlation, 3M Volatility and 3M Alpha and Beta module to complement your research on 3M. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for 3M Stock analysis
When running 3M's price analysis, check to measure 3M'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 3M is operating at the current time. Most of 3M's value examination focuses on studying past and present price action to predict the probability of 3M's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 3M's price. Additionally, you may evaluate how the addition of 3M to your portfolios can decrease your overall portfolio volatility.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Stocks Directory Find actively traded stocks across global markets | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios |
3M 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.