3M India (India) Market Value
| 3MINDIA Stock | 31,743 4.45 0.01% |
| Symbol | 3MINDIA |
3M India 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to 3M India's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of 3M India.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in 3M India on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding 3M India Limited or generate 0.0% return on investment in 3M India over 30 days. 3M India is related to or competes with Welspun Investments, Industrial Investment, Mangalore Chemicals, Dharani SugarsChemicals, Pondy Oxides, Can Fin, and DMCC SPECIALITY. 3M India is entity of India. It is traded as Stock on NSE exchange. More
3M India Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure 3M India's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess 3M India Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 8.58 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 2.97 |
3M India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 3M India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 3M India's standard deviation. In reality, there are many statistical measures that can use 3M India historical prices to predict the future 3M India's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 0.8821 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 3M India's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
3M India Limited Backtested Returns
3M India Limited retains Efficiency (Sharpe Ratio) of -0.11, which signifies that the company had a -0.11% return per unit of price deviation over the last 3 months. 3M India exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 3M India's Variance of 2.52, information ratio of (0.16), and Market Risk Adjusted Performance of 0.8921 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 3M India are expected to decrease at a much lower rate. During the bear market, 3M India is likely to outperform the market. At this point, 3M India Limited has a negative expected return of -0.18%. Please make sure to confirm 3M India's value at risk, rate of daily change, and the relationship between the total risk alpha and kurtosis , to decide if 3M India Limited performance from the past will be repeated sooner or later.
Auto-correlation | -0.62 |
Very good reverse predictability
3M India Limited has very good reverse predictability. Overlapping area represents the amount of predictability between 3M India time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of 3M India Limited price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current 3M India price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 400 K |
3M India Limited lagged returns against current returns
Autocorrelation, which is 3M India stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting 3M India's stock expected returns. We can calculate the autocorrelation of 3M India returns to help us make a trade decision. For example, suppose you find that 3M India has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
3M India regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If 3M India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 3M India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 3M India stock over time.
Current vs Lagged Prices |
| Timeline |
3M India Lagged Returns
When evaluating 3M India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 3M India stock have on its future price. 3M India autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, 3M India autocorrelation shows the relationship between 3M India stock current value and its past values and can show if there is a momentum factor associated with investing in 3M India Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in 3MINDIA Stock
3M India financial ratios help investors to determine whether 3MINDIA Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in 3MINDIA with respect to the benefits of owning 3M India security.