3M Company owns Standard Deviation of 1.39, Market Risk Adjusted Performance of 0.1297 and Coefficient Of Variation of
2,515. 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 nineteen technical drivers for 3M which can be compared to its peers in the sector. Please confirm 3M Company Standard Deviation as well as the relationship between Maximum Drawdown and Expected Short fall to decide if 3M Company is priced fairly providing market reflects its prevailing price of 232.43 per share. Given that 3M Company has Jensen Alpha of 0.10, we suggest you validate 3M latest market performance to make sure the company can sustain itself sooner or later.
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3M Company Technical Analysis
3M Company Trend AnalysisUse 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 LineThe 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 0.19 % which may imply that the returns on investment in 3M Company will continue to fail. It has 34 observation points and a regression sum of squares at 29.28, which is the sum of squared deviations for the predicted 3M price change compared to its average price change.
3M Company is regarded third in mean deviation category among related companies. It is currently under evaluation in standard deviation category among related companies creating about 1.23 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for 3M Company is roughly 1.23