3M Stock Forecast - Daily Balance Of Power

MMM
 Stock
  

USD 148.48  1.07  0.73%   

3M Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast 3M historical stock prices and determine the direction of 3M Company's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of 3M historical fundamentals such as revenue growth or operating cash flow patterns. Although 3M naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of 3M Company systematic risk associated with finding meaningful patterns of 3M fundamentals over time.
Additionally, see Historical Fundamental Analysis of 3M to cross-verify your projections.
  
3M Cash and Equivalents Turnover is relatively stable at the moment as compared to the past year. The company's current value of Cash and Equivalents Turnover is estimated at 10.74. Asset Turnover is expected to hike to 0.76 this year, although the value of Accounts Payable Turnover will most likely fall to 12.46. . The value of Weighted Average Shares is estimated to pull down to about 568.2 M. The value of Weighted Average Shares Diluted is expected to pull down to about 576 M.

Open Interest Agains t 2022-08-12 3M Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast 3M's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest 3M's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies 3M stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current 3M's open interest, investors have to compare it to 3M's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of 3M is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in 3M. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
3M Company has current Daily Balance Of Power of 0.
Most investors in 3M cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the 3M's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets 3M's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of 3M Company market sensitivity to bulls and bears. It estimates the ability of 3M buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring 3M Balance of Power indicator one can determine a trend of the price direction.
  Previous Daily Balance Of PowerDaily Balance Of PowerTrend
0.19420
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3M Trading Date Momentum

On August 08 2022 3M Company was traded for  148.48  at the closing time. Highest 3M's price during the trading hours was 150.15  and the lowest price during the day was  147.58 . The net volume was 3.1 M. The overall trading history on the 8th of August had no effect on price fluctuation. The daily price change to current price is 0.30% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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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.
Barnes GroupCrane Holdings COEmerson ElectricIdex CorpLa-Z-BoyCoca-ColaPfizer IncVerizon Communications3M CompanyJohnson JohnsonAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpKEURIG DR PEPPERGX Nasdaq-100 Covered
 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 Risk Indicators

The analysis of 3M's basic risk indicators is one of the essential steps in helping accuretelly forecast 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 funamental techniques of forecasting 3M stock price, 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 stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Be your own money manager

Our tools can tell you how much better you can do entering a position in 3M without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, see Historical Fundamental Analysis of 3M to cross-verify your projections. Note that the 3M Company information on this page should be used as a complementary analysis to other 3M's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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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.
Quarterly Earnings Growth YOY
-0.95
Market Capitalization
84.4 B
Quarterly Revenue Growth YOY
-0.028
Return On Assets
0.0893
Return On Equity
0.29
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.