3M Competitors
| MMM Stock | USD 172.65 7.57 4.59% |
3M vs Trane Technologies Correlation
Significant diversification
The correlation between 3M Company and TT is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 3M Company and TT in the same portfolio, assuming nothing else is changed.
Moving against 3M Stock
| 0.6 | APETF | Alpha Esports Tech | PairCorr |
| 0.41 | BNKHF | BOC Hong Kong | PairCorr |
| 0.4 | HON | Honeywell International | PairCorr |
| 0.39 | RILYL | B Riley Financial | PairCorr |
| 0.32 | FCAP | First Capital Downward Rally | PairCorr |
3M Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between 3M and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of 3M and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of 3M Company does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between 3M Stock performing well and 3M Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze 3M's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NOC | 1.23 | 0.29 | 0.15 | 0.64 | 1.32 | 2.91 | 9.88 | |||
| GD | 1.02 | 0.01 | 0.00 | 0.09 | 1.26 | 2.28 | 7.72 | |||
| WM | 0.80 | 0.20 | 0.12 | 1.01 | 0.90 | 2.06 | 6.00 | |||
| EMR | 1.44 | 0.05 | 0.06 | 0.11 | 1.82 | 3.43 | 9.23 | |||
| HWM | 1.35 | 0.04 | 0.03 | 0.12 | 1.44 | 3.27 | 7.17 | |||
| UPS | 1.17 | 0.30 | 0.20 | 0.44 | 1.04 | 3.16 | 7.68 | |||
| PH | 1.08 | 0.30 | 0.27 | 0.44 | 0.67 | 2.46 | 9.94 | |||
| ITW | 0.96 | 0.23 | 0.17 | 0.33 | 0.85 | 2.77 | 6.22 | |||
| HON | 1.04 | 0.22 | 0.19 | 0.31 | 0.86 | 2.22 | 5.53 | |||
| TT | 1.26 | 0.03 | 0.01 | 0.13 | 1.44 | 2.42 | 9.37 |
Cross Equities Net Income Analysis
Compare 3M Company and related stocks such as Northrop Grumman, General Dynamics, and Waste Management Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NOC | 214.4 M | 2.1 B | 2 B | 2 B | 2.1 B | 2 B | 2.2 B | 2 B | 3.2 B | 2.2 B | 3.2 B | 7 B | 4.9 B | 2.1 B | 4.2 B | 4.2 B | 4.4 B |
| GD | 388.3 M | 2.5 B | (332 M) | 2.4 B | 2.5 B | 3 B | 2.6 B | 2.9 B | 3.3 B | 3.5 B | 3.2 B | 3.3 B | 3.4 B | 3.3 B | 3.8 B | 4.2 B | 4.4 B |
| WM | 400 K | 961 M | 817 M | 98 M | 1.3 B | 753 M | 1.2 B | 1.9 B | 1.9 B | 1.7 B | 1.5 B | 1.8 B | 2.2 B | 2.3 B | 2.7 B | 2.7 B | 2.8 B |
| EMR | 401.1 M | 2 B | 2 B | 2.1 B | 2.7 B | 1.6 B | 1.5 B | 2.2 B | 2.3 B | 2 B | 2.3 B | 3.2 B | 13.2 B | 2 B | 2.3 B | 2.6 B | 1.9 B |
| HWM | 938 M | 611 M | 162 M | (2.2 B) | 268 M | (322 M) | (941 M) | (74 M) | 642 M | 470 M | 211 M | 258 M | 469 M | 765 M | 1.2 B | 1 B | 1.1 B |
| UPS | 1.7 B | 3.8 B | 807 M | 4.4 B | 3 B | 4.8 B | 3.4 B | 4.9 B | 4.8 B | 4.4 B | 1.3 B | 12.9 B | 11.5 B | 6.7 B | 5.8 B | 5.6 B | 4.4 B |
| PH | 88.2 M | 1.2 B | 948.4 M | 1 B | 1 B | 806.8 M | 983.4 M | 1.1 B | 1.5 B | 1.2 B | 1.7 B | 1.3 B | 2.1 B | 2.8 B | 3.5 B | 4.1 B | 4.3 B |
| ITW | 31.5 M | 2.1 B | 2.9 B | 1.7 B | 2.9 B | 1.9 B | 2 B | 1.7 B | 2.6 B | 2.5 B | 2.1 B | 2.7 B | 3 B | 3 B | 3.5 B | 3.1 B | 3.2 B |
| HON | (279 M) | 2.1 B | 2.9 B | 3.9 B | 4.2 B | 4.8 B | 4.8 B | 1.7 B | 6.8 B | 6.1 B | 4.8 B | 5.5 B | 5 B | 5.7 B | 5.7 B | 5.1 B | 5.4 B |
3M Company and related stocks such as Northrop Grumman, General Dynamics, and Waste Management Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in 3M Company financial statement analysis. It represents the amount of money remaining after all of 3M Company operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.3M Competitive Analysis
The better you understand 3M competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, 3M's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across 3M's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
3M Competition Performance Charts
Five steps to successful analysis of 3M Competition
3M's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by 3M Company in relation to its competition. 3M's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of 3M in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact 3M's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to 3M Company, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your 3M position
In addition to having 3M in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Copper Thematic Idea Now
Copper
Companies involved in production of copper. The Copper theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Copper Theme or any other thematic opportunities.
| View All Next | Launch |
Check out 3M Correlation with its peers. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Will Industrial Conglomerates sector continue expanding? Could 3M diversify its offerings? Factors like these will boost the valuation of 3M. Expected growth trajectory for 3M significantly influences the price investors are willing to assign. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every 3M data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.19) | Dividend Share 2.92 | Earnings Share 5.99 | Revenue Per Share | Quarterly Revenue Growth 0.02 |
3M Company's market price often diverges from its book value, the accounting figure shown on 3M's balance sheet. Smart investors calculate 3M's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since 3M's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Understanding that 3M's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether 3M represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. 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.