3M (Mexico) Price on August 14, 2023
MMM Stock | MXN 2,590 10.00 0.38% |
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 2,590, as last reported on the 27th of December, with the highest price reaching 2,590 and the lowest price hitting 2,590 during the day. 3M Company retains Efficiency (Sharpe Ratio) of -0.0433, which signifies that the company had a -0.0433% return per unit of price deviation over the last 3 months. 3M exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 3M's Market Risk Adjusted Performance of (0.83), coefficient of variation of 3577.78, and Standard Deviation of 1.7 to double-check the risk estimate we provide.
3M Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
3M |
Sharpe Ratio = -0.0433
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Estimated Market Risk
1.64 actual daily | 14 86% of assets are more volatile |
Expected Return
-0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average 3M is not performing at its full potential. However, 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 3M to a well-diversified portfolio.
3M Valuation on August 14, 2023
It is possible to determine the worth of 3M on a given historical date. On August 14, 2023 3M was worth 1657.64 at the beginning of the trading date compared to the closed value of 1657.64. 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 | |
1,697 | 1,697 | 1,697 | 1,697 | 99.00 | |
08/14/2023 | 1,658 | 1,658 | 1,658 | 1,658 | 13.00 |
1,655 | 1,655 | 1,654 | 1,654 | 81.00 |
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3M Trading Date Momentum on August 14, 2023
On August 15 2023 3M Company was traded for 1,654 at the closing time. The maximum traded price for the trading interval was 1,655 and the lowest daily price was 1,654 . The daily volume was recorded at 81.0. The volume of trading on 15th of August 2023 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 0.24% . The daily price change to the closing price today is 2.44% . |
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 COMPANY operates under Diversified Industrials classification in Mexico and is traded on Mexico 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 27, 2024
| High |
0.00 | 0.00 |
3M Company cannot be verified against its exchange. Please verify the symbol is currently traded on Mexican 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 27, 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 | 0.0275 | |||
Jensen Alpha | 0.0394 | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | (0) | |||
Treynor Ratio | (0.84) |
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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.