3m Company Stock Market Value
| MMM Stock | USD 132.48 0.47 0.35% |
| Symbol | 3M |
3M Company Price To Book Ratio
Is Industrial Conglomerates space 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.
Quarterly Earnings Growth (0.05) | Dividend Share 4.41 | Earnings Share 9.61 | Revenue Per Share 58.972 | Quarterly Revenue Growth 0.004 |
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 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.
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.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in 3M on December 9, 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 720 days. 3M is related to or competes with Griffon, ABIVAX Société, Morningstar Unconstrained, SPACE, Knife River, LiCycle Holdings, and Capital Income. 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.
| Downside Deviation | 1.25 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.84 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.02 |
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.| Risk Adjusted Performance | 0.021 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0165 |
3M Company Backtested Returns
3M Company retains Efficiency (Sharpe Ratio) of -0.0053, which signifies that the company had a -0.0053% return per unit of price deviation over the last 3 months. 3M exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 3M's Standard Deviation of 1.43, coefficient of variation of 4669.62, and Market Risk Adjusted Performance of 0.0265 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 1.25, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, 3M will likely underperform. At this point, 3M Company has a negative expected return of -0.0076%. Please make sure to confirm 3M's standard deviation, expected short fall, relative strength index, as well as the relationship between the maximum drawdown and rate of daily change , to decide if 3M Company performance from the past will be repeated sooner or later.
Auto-correlation | -0.59 |
Good reverse predictability
3M Company has good reverse predictability. Overlapping area represents the amount of predictability between 3M time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 2024. 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 -0.59 indicates that roughly 59.0% of current 3M price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 431.3 |
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 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 price movement to match the lagging time series.
Current and Lagged Values |
| 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 |
| 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 |
| Timeline |
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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.