3M Stock Performance

MMM
 Stock
  

USD 113.22  2.72  2.46%   

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.
  
3M Performance
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Over the last 90 days 3M Company has generated negative risk-adjusted returns adding no value to investors with long positions. Even with latest unsteady performance, the Stock's primary indicators remain steady and the new chaos on Wall Street may also be a sign of medium-term gains for the company stakeholders. ...more

3M Price Channel

Quick Ratio0.80
Fifty Two Week Low110.39
Target High Price210.00
Fifty Two Week High186.30
Payout Ratio82.96%
Trailing Annual Dividend Yield5.29%
Target Low Price120.00

3M Relative Risk vs. Return Landscape

If you would invest  12,984  in 3M Company on July 6, 2022 and sell it today you would lose (1,662)  from holding 3M Company or give up 12.8% of portfolio value over 90 days. 3M Company is generating negative expected returns assuming volatility of 2.0424% on return distribution over 90 days investment horizon. In other words, 17% of stocks are less volatile than 3M, and above 99% of all equities are expected to generate higher returns over the next 90 days.
  Daily Expected Return (%)  
       Risk (%)  
Considering the 90-day investment horizon 3M is expected to under-perform the market. In addition to that, the company is 1.7 times more volatile than its market benchmark. It trades about -0.1 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.06 per unit of volatility.

3M Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for 3M's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as 3M Company, and traders can use it to determine the average amount a 3M's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.0961

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Negative ReturnsMMM
Estimated Market Risk
 2.04
  actual daily
 
 17 %
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1717
Expected Return
 -0.2
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Risk-Adjusted Return
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Based on monthly moving average 3M is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of 3M by adding it to a well-diversified portfolio.

About 3M Performance

To evaluate 3M Company Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when 3M generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare 3M Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand 3M Company market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents 3M's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
3M Company operates as a diversified technology company worldwide. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. 3M operates under Conglomerates classification in the United States and is traded on New York Stock Exchange. It employs 95000 people.

Things to note about 3M Company

Checking the ongoing alerts about 3M for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for 3M Company help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

3M Alerts

Equity Alerts and Improvement Suggestions

3M Company generated a negative expected return over the last 90 days
About 67.0% of the company shares are owned by institutional investors
On 12th of September 2022 3M paid $ 1.49 per share dividend to its current shareholders
Latest headline from www.marketbeat.com: Barclays Cuts 3M Price Target to 130.00 - MarketBeat
Additionally, see Correlation Analysis. You can also try Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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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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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.