3M (Brazil) Chance of Future Stock Price Finishing Over 135.51
| MMMC34 Stock | BRL 186.77 0.46 0.25% |
3M |
3M Target Price Odds to finish over 135.51
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 stay above R$ 135.51 in 90 days |
| 186.77 | 90 days | 135.51 | close to 99 |
Based on a normal probability distribution, the odds of 3M to stay above R$ 135.51 in 90 days from now is close to 99 (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 R$ 135.51 and its current price of R$186.77 at the end of the 90-day period is about 63.23 .
Assuming the 90 days trading horizon 3M Company has a beta of -0.24. This indicates as returns on the benchmark increase, returns on holding 3M are expected to decrease at a much lower rate. During a bear market, however, 3M Company is likely to outperform the market. Additionally 3M Company has an alpha of 0.117, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). 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 | 0.12 | |
β | Beta against Dow Jones | -0.24 | |
σ | Overall volatility | 4.36 | |
Ir | Information ratio | -0.02 |
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 has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations |
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 | 549.2 M |
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 has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations |
Additional Information and Resources on Investing in 3M Stock
When determining whether 3M Company is a strong investment it is important to analyze 3M's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact 3M's future performance. For an informed investment choice regarding 3M Stock, refer to the following important reports: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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.