3M Stock Forecast - 8 Period Moving Average

MMM Stock  CHF 111.00  2.00  1.77%   
The 8 Period Moving Average forecasted value of 3M Company on the next trading day is expected to be 111.25 with a mean absolute deviation of 1.09 and the sum of the absolute errors of 57.83. 3M Stock Forecast is based on your current time horizon.
  
An 8-period moving average forecast model for 3M is based on an artificially constructed time series of 3M daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

3M 8 Period Moving Average Price Forecast For the 5th of December

Given 90 days horizon, the 8 Period Moving Average forecasted value of 3M Company on the next trading day is expected to be 111.25 with a mean absolute deviation of 1.09, mean absolute percentage error of 2.80, and the sum of the absolute errors of 57.83.
Please note that although there have been many attempts to predict 3M Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that 3M's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

3M Stock Forecast Pattern

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3M Forecasted Value

In the context of forecasting 3M's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. 3M's downside and upside margins for the forecasting period are 110.08 and 112.42, respectively. We have considered 3M's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
111.00
110.08
Downside
111.25
Expected Value
112.42
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of 3M stock data series using in forecasting. Note that when a statistical model is used to represent 3M stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria104.4379
BiasArithmetic mean of the errors -0.0165
MADMean absolute deviation1.091
MAPEMean absolute percentage error0.0096
SAESum of the absolute errors57.825
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. 3M Company 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

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.
Hype
Prediction
LowEstimatedHigh
109.83111.00112.17
Details
Intrinsic
Valuation
LowRealHigh
90.5691.73122.10
Details
Bollinger
Band Projection (param)
LowMiddleHigh
110.45112.33114.20
Details

Other Forecasting Options for 3M

For every potential investor in 3M, whether a beginner or expert, 3M's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 3M Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 3M. Basic forecasting techniques help filter out the noise by identifying 3M's price trends.

3M Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with 3M stock to make a market-neutral strategy. Peer analysis of 3M could also be used in its relative valuation, which is a method of valuing 3M by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

3M Company Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of 3M's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of 3M's current price.

3M Market Strength Events

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 Risk Indicators

The analysis of 3M's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in 3M's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting 3m stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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.

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.