12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2023-03-23), 3M Co's 12-1 Month Momentum % is -27.34%.
The industry rank for 3M Co's 12-1 Month Momentum % or its related term are showing as below:
MMM's 12-1 Month Momentum % is ranked worse than 77.19% of 570
companies
in the Conglomerates industry
Industry Median: -6.58
vs MMM: -27.34
Competitive Comparison
For the Conglomerates subindustry, 3M Co's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
3M Co 12-1 Month Momentum % Distribution
For the Conglomerates industry and Industrials sector, 3M Co's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where 3M Co's 12-1 Month Momentum % falls in comparison to its industry or sector. The grey bar indicates the 12-1 Month Momentum %'s extreme value range as defined by GuruFocus.
3M Co (NYSE:MMM) 12-1 Month Momentum % Calculation
12-1 Month Momentum % is calculated as following:
12-1 Month Momentum %
=
( Price 1-month ago
/
Price 12-month ago
- 1 )
*
100 %
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
3M Co (NYSE:MMM) 12-1 Month Momentum % Explanation
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
3M Co 12-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of 3M Co's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
3M is a multinational conglomerate that has operated since 1902, when it was known as Minnesota Mining and Manufacturing. The company is well known for its research and development laboratory and it leverages its science and technology across multiple product categories. As of 2020, 3M is organized into four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. Nearly 50% of the company's revenue comes from outside the Americas, with the safety and industrial segment constituting a plurality of net sales. Many of the company's 60,000-plus products touch and concern a variety of consumers and end markets.
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