3M (Mexico) Market Value
| MMM Stock | MXN 2,609 31.02 1.17% |
| Symbol | 3M |
3M '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'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.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in 3M on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding 3M Company or generate 0.0% return on investment in 3M over 720 days. 3M is related to or competes with FIBRA Storage, Cognizant Technology, Monster Beverage, Hoteles City, Costco Wholesale, Grupo Sports, and Delta Air. 3M Company develops, manufactures, and markets various products worldwide More
3M 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'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 Company upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.31 | |||
| Information Ratio | 0.014 | |||
| Maximum Drawdown | 10.79 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 2.87 |
3M Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 3M's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 3M's standard deviation. In reality, there are many statistical measures that can use 3M historical prices to predict the future 3M's volatility.| Risk Adjusted Performance | 0.03 | |||
| Jensen Alpha | 0.0412 | |||
| Total Risk Alpha | 0.0019 | |||
| Sortino Ratio | 0.0103 | |||
| Treynor Ratio | 0.4688 |
3M Company Backtested Returns
At this stage we consider 3M Stock to be very steady. 3M Company retains Efficiency (Sharpe Ratio) of 0.0359, which signifies that the company had a 0.0359% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for 3M, which you can use to evaluate the volatility of the firm. Please confirm 3M's Standard Deviation of 1.71, market risk adjusted performance of 0.4788, and Coefficient Of Variation of 3221.26 to double-check if the risk estimate we provide is consistent with the expected return of 0.0632%. 3M has a performance score of 2 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.0916, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 3M's returns are expected to increase less than the market. However, during the bear market, the loss of holding 3M is expected to be smaller as well. 3M Company today owns a risk of 1.76%. Please confirm 3M Company treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if 3M Company will be following its current price history.
Auto-correlation | -0.45 |
Modest reverse predictability
3M Company has modest reverse predictability. Overlapping area represents the amount of predictability between 3M time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th of December 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 Company price movement. The serial correlation of -0.45 indicates that just about 45.0% of current 3M price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 203.3 K |
3M Company lagged returns against current returns
Autocorrelation, which is 3M 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's stock expected returns. We can calculate the autocorrelation of 3M returns to help us make a trade decision. For example, suppose you find that 3M 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 3M stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 3M stock over time.
Current vs Lagged Prices |
| Timeline |
3M Lagged Returns
When evaluating 3M's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 3M stock have on its future price. 3M 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 autocorrelation shows the relationship between 3M stock current value and its past values and can show if there is a momentum factor associated with investing in 3M Company.
Regressed Prices |
| Timeline |
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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.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.