3M Stock Forecast - 20 Period Moving Average

MMMC34 Stock  BRL 198.99  3.19  1.63%   
The 20 Period Moving Average forecasted value of 3M Company on the next trading day is expected to be 195.62 with a mean absolute deviation of 4.48 and the sum of the absolute errors of 183.83. 3M Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast 3M stock prices and determine the direction of 3M Company's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of 3M's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A commonly used 20-period moving average forecast model for 3M Company is based on a synthetically constructed 3Mdaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

3M 20 Period Moving Average Price Forecast For the 17th of December 2024

Given 90 days horizon, the 20 Period Moving Average forecasted value of 3M Company on the next trading day is expected to be 195.62 with a mean absolute deviation of 4.48, mean absolute percentage error of 34.69, and the sum of the absolute errors of 183.83.
Please note that although there have been many attempts to predict 3M Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that 3M's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

3M Stock Forecast Pattern

Backtest 3M3M Price PredictionBuy or Sell Advice 

3M Forecasted Value

In the context of forecasting 3M's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. 3M's downside and upside margins for the forecasting period are 194.10 and 197.14, respectively. We have considered 3M's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
198.99
194.10
Downside
195.62
Expected Value
197.14
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of 3M stock data series using in forecasting. Note that when a statistical model is used to represent 3M stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria84.8993
BiasArithmetic mean of the errors -2.7083
MADMean absolute deviation4.4836
MAPEMean absolute percentage error0.0231
SAESum of the absolute errors183.827
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. 3M Company 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for 3M

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 3M Company. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
197.47198.99200.51
Details
Intrinsic
Valuation
LowRealHigh
165.63167.15218.89
Details
Bollinger
Band Projection (param)
LowMiddleHigh
194.23198.81203.40
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 toward taking a position in 3M Company.

Other Forecasting Options for 3M

For every potential investor in 3M, whether a beginner or expert, 3M's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 3M Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 3M. Basic forecasting techniques help filter out the noise by identifying 3M's price trends.

3M Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with 3M stock to make a market-neutral strategy. Peer analysis of 3M could also be used in its relative valuation, which is a method of valuing 3M by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

3M Company Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of 3M's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of 3M's current price.

3M Market Strength Events

Market strength indicators help investors to evaluate how 3M stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 3M shares will generate the highest return on investment. By undertsting and applying 3M stock market strength indicators, traders can identify 3M Company entry and exit signals to maximize returns.

3M Risk Indicators

The analysis of 3M's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in 3M's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting 3m stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Information and Resources on Investing in 3M Stock

When determining whether 3M Company is a strong investment it is important to analyze 3M's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact 3M's future performance. For an informed investment choice regarding 3M Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of 3M to cross-verify your projections.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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.