3M Company owns Variance of 0.2939, Market Risk Adjusted Performance of 0.1752 and Standard Deviation of 0.5421. In connection with Fundamental Indicators, Macroaxis technical analysis interface gives you tools to check timely technical drivers of 3M Company as well as the relationship between them. Strictly speaking you can use this information to find out if the firm will indeed mirror its model of historical prices and volume patterns or the prices will eventually revert. We found eighteen technical drivers for 3M which can be compared to its peers in the sector. Please confirm 3M CompanyVariance as well as the relationship between Value At Risk and Skewness to decide if 3M Company is priced fairly providing market reflects its prevailing price of 244.47 per share. Given that 3M Company has Treynor Ratio of 0.1652, we suggest you validate 3M latest market performance to make sure the company can sustain itself sooner or later.
The output start index for this execution was six with a total number of output elements of eleven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of 3M Company volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.
3M Company Trend Analysis
Use this graph to draw trend lines for 3M Company. You can use it to identify possible trend reversals for 3M as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual 3M price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
3M Best Fit Change Line
The following chart estimates an ordinary least squares regression model for 3M Company applied against its price change over selected period. The best fit line has a slop of 0.61 % which may imply that 3M Company will maintain its good market sentiment and make money for investors. It has 34 observation points and a regression sum of squares at 301.88, which is the sum of squared deviations for the predicted 3M price change compared to its average price change.
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3M Company is rated below average in mean deviation category among related companies. It is currently under evaluation in standard deviation category among related companies creating about 1.3 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for 3M Company is roughly 1.3