Iron Mountain Incorporated Stock Market Value
| IRM Stock | USD 81.65 0.50 0.62% |
| Symbol | Iron |
Iron Mountain Price To Book Ratio
Is Other Specialized REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Iron Mountain. If investors know Iron will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Iron Mountain listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.136 | Dividend Share 2.537 | Earnings Share 0.66 | Revenue Per Share 19.307 | Quarterly Revenue Growth 0.124 |
The market value of Iron Mountain is measured differently than its book value, which is the value of Iron that is recorded on the company's balance sheet. Investors also form their own opinion of Iron Mountain's value that differs from its market value or its book value, called intrinsic value, which is Iron Mountain's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Iron Mountain's market value can be influenced by many factors that don't directly affect Iron Mountain's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Iron Mountain's value and its price as these two are different measures arrived at by different means. Investors typically determine if Iron Mountain is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Iron Mountain's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Iron Mountain '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 Iron Mountain'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 Iron Mountain.
| 05/06/2024 |
| 06/05/2024 |
If you would invest 0.00 in Iron Mountain on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Iron Mountain Incorporated or generate 0.0% return on investment in Iron Mountain over 30 days. Iron Mountain is related to or competes with Equinix, Crown Castle, American Tower, Hannon Armstrong, Digital Realty, SBA Communications, and Gaming Leisure. Iron Mountain Incorporated , founded in 1951, is the global leader for storage and information management services More
Iron Mountain 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 Iron Mountain'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 Iron Mountain Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | 0.0034 | |||
| Maximum Drawdown | 7.24 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 2.25 |
Iron Mountain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iron Mountain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iron Mountain's standard deviation. In reality, there are many statistical measures that can use Iron Mountain historical prices to predict the future Iron Mountain's volatility.| Risk Adjusted Performance | 0.0164 | |||
| Jensen Alpha | 0.0013 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.003 | |||
| Treynor Ratio | 0.0104 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Iron Mountain'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.
Iron Mountain Backtested Returns
We consider Iron Mountain very steady. Iron Mountain holds Efficiency (Sharpe) Ratio of 0.0184, which attests that the entity had a 0.0184% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Iron Mountain, which you can use to evaluate the volatility of the firm. Please check out Iron Mountain's Market Risk Adjusted Performance of 0.0204, downside deviation of 1.58, and Risk Adjusted Performance of 0.0164 to validate if the risk estimate we provide is consistent with the expected return of 0.0248%. Iron Mountain has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.36, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Iron Mountain will likely underperform. Iron Mountain right now retains a risk of 1.35%. Please check out Iron Mountain maximum drawdown, as well as the relationship between the expected short fall and day median price , to decide if Iron Mountain will be following its current trending patterns.
Auto-correlation | 0.06 |
Virtually no predictability
Iron Mountain Incorporated has virtually no predictability. Overlapping area represents the amount of predictability between Iron Mountain time series from 6th of May 2024 to 21st of May 2024 and 21st of May 2024 to 5th of June 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 Iron Mountain price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Iron Mountain price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 1.39 |
Iron Mountain lagged returns against current returns
Autocorrelation, which is Iron Mountain 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 Iron Mountain's stock expected returns. We can calculate the autocorrelation of Iron Mountain returns to help us make a trade decision. For example, suppose you find that Iron Mountain 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 |
Iron Mountain 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 Iron Mountain stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iron Mountain stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iron Mountain stock over time.
Current vs Lagged Prices |
| Timeline |
Iron Mountain Lagged Returns
When evaluating Iron Mountain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iron Mountain stock have on its future price. Iron Mountain 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, Iron Mountain autocorrelation shows the relationship between Iron Mountain stock current value and its past values and can show if there is a momentum factor associated with investing in Iron Mountain Incorporated.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in Iron Stock
When determining whether Iron Mountain is a strong investment it is important to analyze Iron Mountain's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Iron Mountain's future performance. For an informed investment choice regarding Iron Stock, refer to the following important reports:Check out Iron Mountain Correlation, Iron Mountain Volatility and Iron Mountain Alpha and Beta module to complement your research on Iron Mountain. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Iron Mountain technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.