3M Competitors
| MMM Stock | MXN 2,579 29.98 1.15% |
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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.
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High positive correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EMR | 0.02 | 0.00 | 0.00 | (0.52) | 0.00 | 0.00 | 0.53 | |||
| XLU | 1.29 | 0.00 | (0.01) | 0.01 | 1.63 | 3.39 | 9.62 | |||
| PINFRA | 1.33 | 0.03 | 0.00 | (0.18) | 1.57 | 3.16 | 8.10 | |||
| WOOD | 0.01 | 0.00 | 0.00 | 0.17 | 0.00 | 0.00 | 0.38 | |||
| XOP | 0.93 | 0.10 | 0.02 | 1.42 | 1.23 | 4.19 | 10.53 | |||
| VHT | 0.46 | (0.08) | 0.00 | (0.55) | 0.00 | 1.13 | 6.51 | |||
| EMB | 0.81 | (0.05) | 0.00 | (0.24) | 0.00 | 1.80 | 5.60 | |||
| IXJ | 0.99 | (0.17) | 0.00 | (4.46) | 0.00 | 2.38 | 8.97 |
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
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Warren Buffett Holdings
A long-term portfolio of publicly-traded stocks on US exchanges that are owned by Warren Buffett's holding company Berkshire Hathaway. The Warren Buffett Holdings theme has 45 constituents at this time.
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Additional Tools for 3M Stock Analysis
When running 3M's 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 the 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.