3m Company Stock Chance of Future Stock Price Finishing Over 140.77
| MMM Stock | USD 127.32 0.52 0.41% |
Closest to current price 3M long CALL Option Payoff at Expiration
3M |
3M Target Price Odds to finish over 140.77
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 Price | Horizon | Target Price | Odds to move over $ 140.77 or more in 90 days |
| 127.32 | 90 days | 140.77 | near 1 |
Based on a normal probability distribution, the odds of 3M to move over $ 140.77 or more in 90 days from now is near 1 (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 $ 127.32 and $ 140.77 at the end of the 90-day period is about 89.47 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.28 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, 3M will likely underperform. Additionally 3M Company has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. 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 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.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 Jones | -0.09 | |
β | Beta against Dow Jones | 1.28 | |
σ | Overall volatility | 3.33 | |
Ir | Information ratio | -0.05 |
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.| 3M Company generated a negative expected return over the last 90 days | |
| The company reported the last year's revenue of 32.68 B. Reported Net Loss for the year was (6.98 B) with profit before taxes, overhead, and interest of 15 B. | |
| About 68.0% of the company shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: 3M Shares Acquired by Taurus Asset Management LLC |
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.
| Common Stock Shares Outstanding | 553.9 M | |
| Cash And Short Term Investments | 6 B |
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's time-series forecasting models is one of many 3M's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are 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. This 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.
| 3M Company generated a negative expected return over the last 90 days | |
| The company reported the last year's revenue of 32.68 B. Reported Net Loss for the year was (6.98 B) with profit before taxes, overhead, and interest of 15 B. | |
| About 68.0% of the company shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: 3M Shares Acquired by Taurus Asset Management LLC |
Check out 3M Backtesting, 3M Valuation, 3M Correlation, 3M Hype Analysis, 3M Volatility, 3M History as well as 3M Performance. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Industrial Conglomerates space 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 (0.05) | Dividend Share 4.41 | Earnings Share 9.59 | Revenue Per Share 58.972 | Quarterly Revenue Growth 0.004 |
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 if 3M is a good investment 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.