3M Stock Market Value

MMM
 Stock
  

USD 147.71  0.77  0.52%   

3M's market value is the price at which a share of 3M stock trades on a public exchange. It measures the collective expectations of 3M Company investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of 3M Company and determine expected loss or profit from investing in 3M over a given investment horizon. Additionally, see 3M Hype Analysis, 3M Correlation, 3M Valuation, 3M Volatility, as well as analyze 3M Alpha and Beta and 3M Performance.
Symbol


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.

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.
0.00
08/19/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
08/09/2022
0.00
If you would invest  0.00  in 3M on August 19, 2020 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 Barnes, Crane Holdings, Emerson Electric, Idex Corp, La Z, Coca Cola, and Pfizer. 3M Company operates as a diversified technology company worldwideMore

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.

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.
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
146.99148.50150.01
Details
Intrinsic
Valuation
LowReal ValueHigh
133.63161.09162.60
Details
Naive
Forecast
LowNext ValueHigh
147.13148.64150.15
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 Company Backtested Returns

We consider 3M very steady. 3M Company retains Efficiency (Sharpe Ratio) of 0.0333, which signifies that the company had 0.0333% of return per unit of price deviation over the last 3 months. Our outlook to foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for 3M, which you can use to evaluate the future volatility of the firm. Please confirm 3M Company Coefficient Of Variation of (5,106), market risk adjusted performance of (0.05), and Standard Deviation of 1.56 to double-check if the risk estimate we provide is consistent with the expected return of 0.0498%.
3M has a performance score of 2 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.6446, which signifies possible diversification benefits within a given portfolio. Let's try to break down what 3M's beta means in this case. As returns on the market increase, 3M returns are expected to increase less than the market. However, during the bear market, the loss on holding 3M will be expected to be smaller as well. Although it is important to respect 3M Company existing price patterns, it is better to be realistic regarding the information on the equity's price patterns. The way in which we are foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating 3M Company technical indicators, you can at this moment evaluate if the expected return of 0.0498% will be sustainable into the future. 3M Company today owns a risk of 1.49%. Please confirm 3M Company maximum drawdown, and the relationship between the information ratio and expected short fall to decide if 3M Company will be following its current price history.

Auto-correlation

    
  -0.89  

Excellent reverse predictability

3M Company has excellent reverse predictability. Overlapping area represents the amount of predictability between 3M time series from 19th of August 2020 to 14th of August 2021 and 14th of August 2021 to 9th of August 2022. 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 -0.89 indicates that approximately 89.0% of current 3M price fluctuation can be explain by its past prices.
Correlation Coefficient-0.89
Spearman Rank Test-0.85
Residual Average0.0
Price Variance313.19

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 stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       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   
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       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   
Share
       Timeline  

3M Investors Sentiment

The influence of 3M's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in 3M. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to 3M's public news can be used to forecast risks associated with investment in 3M. The trend in average sentiment can be used to explain how an investor holding 3M can time the market purely based on public headlines and social activities around 3M Company. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
3M's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for 3M's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average 3M's news discussions. The higher the estimate score, the more favorable is the investor's outlook on 3M.

3M Implied Volatility

    
  23.95  
3M's implied volatility exposes the market's sentiment of 3M Company stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if 3M's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that 3M stock will not fluctuate a lot when 3M's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards 3M in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, 3M's short interest history, or implied volatility extrapolated from 3M options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as 3M Company using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Additionally, see 3M Hype Analysis, 3M Correlation, 3M Valuation, 3M Volatility, as well as analyze 3M Alpha and Beta and 3M Performance. 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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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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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.
A focus of 3M technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of 3M trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...