3M (Germany) Price on July 25, 2023
| MMM Stock | EUR 124.14 0.66 0.53% |
If you're considering investing in 3M Stock, it is important to understand the factors that can impact its price. As of today, the current price of 3M stands at 124.14, as last reported on the 4th of December, with the highest price reaching 124.28 and the lowest price hitting 122.88 during the day. At this point, 3M is very steady. 3M Company retains Efficiency (Sharpe Ratio) of 0.0737, which signifies that the company had a 0.0737% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for 3M, which you can use to evaluate the volatility of the firm. Please confirm 3M's Market Risk Adjusted Performance of 5.62, standard deviation of 1.41, and Coefficient Of Variation of 1380.24 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%.
3M Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
3M |
Sharpe Ratio = 0.0737
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Estimated Market Risk
| 1.42 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average 3M is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of 3M by adding it to a well-diversified portfolio.
3M Valuation on July 25, 2023
It is possible to determine the worth of 3M on a given historical date. On July 25, 2023 3M was worth 87.66 at the beginning of the trading date compared to the closed value of 92.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 3M stock. Still, in general, we apply an absolute valuation method to find 3M's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of 3M where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 3M's related companies.
| Open | High | Low | Close | Volume | |
| 87.16 | 88.44 | 87.16 | 87.88 | 398.00 | |
07/25/2023 | 87.66 | 93.26 | 87.66 | 92.70 | 1,125 |
| 92.47 | 94.80 | 92.00 | 94.66 | 1,540 |
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3M Trading Date Momentum on July 25, 2023
| On July 26 2023 3M Company was traded for 94.66 at the closing time. The highest daily price throughout the period was 94.80 and the lowest price was 92.00 . The daily volume was 1.5 K. The net trading volume on 07/26/2023 added to the next day price rise. The trading delta at closing time to closing price of the next trading day was 2.11% . The daily price change to current closing price is 0.82% . |
3M Company Fundamentals Correlations and Trends
By evaluating 3M's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among 3M's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. 3M financial account trend analysis is a perfect complement when working with valuation or volatility modules.About 3M Stock history
3M investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for 3M is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in 3M Company will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing 3M stock prices may prove useful in developing a viable investing in 3M
3M Company develops, manufactures, and markets various products worldwide. The company serves automotive, electronics and automotive electrification, appliance, paper and printing, packaging, food and beverage, construction, medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, health information systems, food manufacturing and testing, consumer and office retail, office business to business, home improvement, drug and pharmacy retail, and other markets. 3M Company was founded in 1902 and is headquartered in St. 3M operates under Diversified Industrials classification in Germany and is traded on Frankfurt Stock Exchange. It employs 93000 people.
3M Stock Technical Analysis
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.
Price Boundaries
3M Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
3M Company cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
3M December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how 3M stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 3M shares will generate the highest return on investment. By undertsting and applying 3M stock market strength indicators, traders can identify 3M Company entry and exit signals to maximize returns
3M Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 3M's price direction in advance. Along with the technical and fundamental analysis of 3M Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of 3M to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0599 | |||
| Jensen Alpha | 0.0904 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 5.61 |
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| Volatility Indicators | ||
| Volume Indicators |
Complementary 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.
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