3M Stock Chance of Future Stock Price Finishing Under 134.95

MMM
 Stock
  

USD 126.13  1.49  1.20%   

3M's future price is the expected price of 3M instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of 3M Company performance during a given time horizon utilizing its historical volatility. Price to Book Value is expected to hike to 8.19 this year. Price to Earnings Ratio is expected to hike to 20.68 this year.
  
3M's implied volatility is one of the determining factors in the pricing options written on 3M Company. Implied volatility approximates the future value of 3M based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in 3M Company over a specific time period. For example, 2022-12-02 CALL at $126.0 is a CALL option contract on 3M's common stock with a strick price of 126.0 expiring on 2022-12-02. The contract was last traded on 2022-11-29 at 15:37:50 for $1.3 and, as of today, has 2 days remaining before the expiration. The option is currently trading at a bid price of $1.27, and an ask price of $1.41. The implied volatility as of the 30th of November is 33.224. View All 3M options

Closest to current price 3M long CALL Option Payoff at Expiration

Additionally, see 3M Backtesting, 3M Valuation, 3M Correlation, 3M Hype Analysis, 3M Volatility, 3M History as well as 3M Performance. Please specify 3M time horizon, a valid symbol (red box) and a target price (blue box) you would like 3M odds to be computed.

3M Target Price Odds to finish below 134.95

The tendency of 3M Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to stay under $ 134.95  after 90 days
 126.13 90 days 134.95 
close to 99
Based on a normal probability distribution, the odds of 3M to stay under $ 134.95  after 90 days from now is close to 99 (This 3M Company probability density function shows the probability of 3M Stock to fall within a particular range of prices over 90 days) . Probability of 3M Company price to stay between its current price of $ 126.13  and $ 134.95  at the end of the 90-day period is about 13.51 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.09 . This indicates 3M Company market returns are highly reactive to returns on the market. As the market goes up or down, 3M is expected to follow. Additionally The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. 3M Company is significantly underperforming DOW.
   3M Price Density   
       Price  

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 or bond 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.
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
123.93125.88127.83
Details
Intrinsic
Valuation
LowReal ValueHigh
113.52155.49157.44
Details
Naive
Forecast
LowNext ValueHigh
123.59125.54127.50
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 Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. 3M is not an exception. The market had few large corrections towards the 3M's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold 3M Company, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of 3M within the framework of very fundamental risk indicators.
α
Alpha over DOW
-0.09
β
Beta against DOW1.09
σ
Overall volatility
6.76
Ir
Information ratio -0.04

3M Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of 3M for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for 3M Company can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
About 68.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: 3M, US Environmental Protection Agency Reach Agreement for Cordova Region Water - Marketscreener.com

3M Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of 3M Stock often depends not only on the future outlook of the current and potential 3M's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. 3M's indicators that are reflective of the short sentiment are summarized in the table below.
Last Dividend Date17th of November 2022
Shares Percent Shares Out2.49%
Trailing Annual Dividend Rate5.95
Short Percent Of Float2.49%
Float Shares552.15M
Average Daily Volume Last 10 Day2.43M
Shares Short Prior Month14.64M
Average Daily Volume In Three Month7.51M
Date Short Interest15th of November 2022

3M Technical Analysis

3M's future price can be derived by breaking down and analyzing its technical indicators over time. 3M Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of 3M Company. In general, you should focus on analyzing 3M Stock price patterns and their correlations with different microeconomic environments and drivers.

3M Predictive Forecast Models

3M time-series forecasting models is one of many 3M's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary 3M's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

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. Our 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.
About 68.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: 3M, US Environmental Protection Agency Reach Agreement for Cordova Region Water - Marketscreener.com
Additionally, see 3M Backtesting, 3M Valuation, 3M Correlation, 3M Hype Analysis, 3M Volatility, 3M History as well as 3M Performance. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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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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.
Quarterly Earnings Growth YOY
1.76
Market Capitalization
68.9 B
Quarterly Revenue Growth YOY
(0.036) 
Return On Assets
0.0674
Return On Equity
0.46
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.