3M Stock Market Value

MMM
 Stock
  

USD 113.22  2.72  2.46%   

3M's market value is the price at which a share of 3M stock trades on a public exchange. It measures the collective expectations of 3M Company investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of 3M Company and determine expected loss or profit from investing in 3M over a given investment horizon. Additionally, see 3M Correlation, 3M Volatility and 3M Alpha and Beta module to complement your research on 3M.
Symbol


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.
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 3M value 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.
0.00
09/04/2022
No Change 0.00  0.0 
In 30 days
10/04/2022
0.00
If you would invest  0.00  in 3M on September 4, 2022 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 Teliasonera, BCE, Rogers Communication, Pt Telekomunik, Zebra Technologies, PT Telekomunikasi, and Shaw Communications. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of 3M in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
111.08113.09115.10
Details
Intrinsic
Valuation
LowReal ValueHigh
101.90134.31136.32
Details
Naive
Forecast
LowNext ValueHigh
107.80109.81111.82
Details
15 Analysts
Consensus
LowTarget PriceHigh
172.00188.54215.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 3M. Your research has to be compared to or analyzed against 3M's peers to derive any actionable benefits. When done correctly, 3M's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in 3M Company.

3M Company Backtested Returns

3M Company retains Efficiency (Sharpe Ratio) of -0.0961, which signifies that the company had -0.0961% of return per unit of price deviation over the last 3 months. Macroaxis outlook to foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. 3M exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm 3M Company Coefficient Of Variation of (1,097), standard deviation of 2.0, and Market Risk Adjusted Performance of (0.17) to double-check the risk estimate we provide.
The firm owns a Beta (Systematic Risk) of 1.0735, which signifies a somewhat significant risk relative to the market. Let's try to break down what 3M's beta means in this case. 3M returns are very sensitive to returns on the market. As the market goes up or down, 3M is expected to follow. Even though it is essential to pay attention to 3M Company existing price patterns, it is always good to be careful when utilizing equity price patterns. Our way in which we are foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. 3M exposes twenty-eight different technical indicators, which can help you to evaluate its performance. 3M Company has an expected return of -0.2%. Please be advised to confirm 3M Company maximum drawdown, and the relationship between the information ratio and expected short fall to decide if 3M Company performance from the past will be repeated sooner or later.

Auto-correlation

    
  0.12  

Insignificant predictability

3M Company has insignificant predictability. Overlapping area represents the amount of predictability between 3M time series from 4th of September 2022 to 19th of September 2022 and 19th of September 2022 to 4th of October 2022. 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 0.12 indicates that less than 12.0% of current 3M price fluctuation can be explain by its past prices.
Correlation Coefficient0.12
Spearman Rank Test0.25
Residual Average0.0
Price Variance3.32

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 stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       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   
Share
       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   
Share
       Timeline  

3M Implied Volatility

    
  17.76  
3M's implied volatility exposes the market's sentiment of 3M Company stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if 3M's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that 3M stock will not fluctuate a lot when 3M's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards 3M in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, 3M's short interest history, or implied volatility extrapolated from 3M options trading.

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Additionally, see 3M Correlation, 3M Volatility and 3M Alpha and Beta module to complement your research on 3M. You can also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Complementary Tools for analysis

When running 3M Company 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 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.
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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.
A focus of 3M technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of 3M trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...