3M Company (MMM)
The 3M Company is an American multinational conglomerate corporation operating in the fields of industry, worker safety, US health care, and consumer goods. The company produces over 60,000 products under several brands, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electrical and electronic connecting and insulating materials, medical products, car-care products, electronic circuits, healthcare software and optical films. It is based in Maplewood, a suburb of Saint Paul, Minnesota.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 72.30% per annum.
- MMM price at the close of April 24, 2025 was $138.88 and was lower than the bottom border of the primary price channel by $4.15 (2.90%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 23.72% per annum.
- MMM price at the close of April 24, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of MMM price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: September 21, 2023
End date: April 2, 2025
a = 2.3849
b = 0.0015
s = 0.0696
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 72.30%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0696) – 1
= 32.10%
September 21, 2023 calculations
Top border of price channel:
Exp(Y857)
= Exp(a + b × X857 + 2 × s)
= Exp(a + b × 1,242 + 2 × s)
= Exp(2.3849 + 0.0015 × 1,242 + 2 × 0.0696)
= Exp(4.3754)
= $79.47
Bottom border of price channel:
Exp(Y857)
= Exp(a + b × X857 – 2 × s)
= Exp(a + b × 1,242 – 2 × s)
= Exp(2.3849 + 0.0015 × 1,242 – 2 × 0.0696)
= Exp(4.0970)
= $60.16
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 + 2 × s)
= Exp(a + b × 1,801 + 2 × s)
= Exp(2.3849 + 0.0015 × 1,801 + 2 × 0.0696)
= Exp(5.2086)
= $182.85
Bottom border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 – 2 × s)
= Exp(a + b × 1,801 – 2 × s)
= Exp(2.3849 + 0.0015 × 1,801 – 2 × 0.0696)
= Exp(4.9303)
= $138.42
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 72.30% per annum.
- MMM price at the close of April 24, 2025 was $138.88 and was lower than the bottom border of the primary price channel by $4.15 (2.90%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: July 26, 2024
End date: April 24, 2025
a = 3.9226
b = 0.0006
s = 0.0497
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 23.72%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0497) – 1
= 21.99%
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,069)
= Exp(a + b × X1,069 + 2 × s)
= Exp(a + b × 1,551 + 2 × s)
= Exp(3.9226 + 0.0006 × 1,551 + 2 × 0.0497)
= Exp(4.9266)
= $137.91
Bottom border of price channel:
Exp(Y1,069)
= Exp(a + b × X1,069 – 2 × s)
= Exp(a + b × 1,551 – 2 × s)
= Exp(3.9226 + 0.0006 × 1,551 – 2 × 0.0497)
= Exp(4.7278)
= $113.05
April 24, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(3.9226 + 0.0006 × 1,823 + 2 × 0.0497)
= Exp(5.0852)
= $161.62
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(3.9226 + 0.0006 × 1,823 – 2 × 0.0497)
= Exp(4.8865)
= $132.49
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 23.72% per annum.
- MMM price at the close of April 24, 2025 was inside the secondary price channel.