3M (Brazil) Market Value
| MMMC34 Stock | BRL 198.99 3.19 1.63% |
| Symbol | 3M |
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.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in 3M on November 15, 2024 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 Electronic Arts, Multilaser Industrial, MAHLE Metal, Lupatech, T Mobile, Bemobi Mobile, and Bio Techne. 3M Company develops, manufactures, and markets various products 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 | 1.52 | |||
| Information Ratio | 0.0272 | |||
| Maximum Drawdown | 7.63 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 2.21 |
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 | 0.0733 | |||
| Jensen Alpha | 0.0701 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0269 | |||
| Treynor Ratio | 0.194 |
3M Company Backtested Returns
At this point, 3M is very steady. 3M Company retains Efficiency (Sharpe Ratio) of 0.0843, which signifies that the company had a 0.0843% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for 3M, which you can use to evaluate the volatility of the firm. Please confirm 3M's Market Risk Adjusted Performance of 0.204, standard deviation of 1.5, and Coefficient Of Variation of 1064.37 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. 3M has a performance score of 6 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.68, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 3M's returns are expected to increase less than the market. However, during the bear market, the loss of holding 3M is expected to be smaller as well. 3M Company today owns a risk of 1.52%. Please confirm 3M Company downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if 3M Company will be following its current price history.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
3M Company has almost perfect reverse predictability. Overlapping area represents the amount of predictability between 3M time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th of December 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 -0.73 indicates that around 73.0% of current 3M price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 6.84 |
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 |
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 3M Correlation, 3M Volatility and 3M Alpha and Beta module to complement your research on 3M. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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.