Iron Mountain Correlations

IRM Stock

USD 89.67 1.40 1.59%

The current 90-days correlation between Iron Mountain and Equinix is 0.77 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Iron Mountain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Iron Mountain Incorporated moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Iron Mountain Correlation With Market

Good diversification

The correlation between Iron Mountain Incorporated and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Iron Mountain Incorporated and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Iron Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Iron Mountain Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Iron Stock

0.89	Z	Zillow Group Class Earnings Call This Week	Pair Corr
0.83	PK	Park Hotels Resorts	Pair Corr
0.73	PW	Power REIT Earnings Call This Week	Pair Corr
0.77	UE	Urban Edge Properties Earnings Call This Week	Pair Corr
0.84	EQIX	Equinix Earnings Call This Week	Pair Corr
0.78	ESBA	Empire State Realty Earnings Call This Week	Pair Corr
0.84	ESRT	Empire State Realty	Pair Corr
0.87	WHLR	Wheeler Real Estate Earnings Call This Week	Pair Corr
0.78	FISK	Empire State Realty Earnings Call This Week	Pair Corr
0.82	AAT	American Assets Trust	Pair Corr
0.8	AHH	Armada Hflr Pr Earnings Call This Week	Pair Corr
0.62	AIV	Apartment Investment and Earnings Call This Week	Pair Corr
0.77	AKR	Acadia Realty Trust	Pair Corr
0.64	AVB	AvalonBay Communities	Pair Corr
0.81	BDN	Brandywine Realty Trust	Pair Corr
0.61	BFS	Saul Centers	Pair Corr
0.85	BXP	Boston Properties	Pair Corr
0.87	CDP	COPT Defense Properties	Pair Corr

Moving against Iron Stock

0.62	VICI	VICI Properties	Pair Corr
0.53	O	Realty Income Earnings Call This Week	Pair Corr
0.33	WELL	Welltower	Pair Corr
0.8	AMT	American Tower Corp	Pair Corr
0.67	CCI	Crown Castle	Pair Corr
0.57	ALX	Alexanders Earnings Call This Week	Pair Corr
0.56	ADC	Agree Realty	Pair Corr
0.38	BNL	Broadstone Net Lease	Pair Corr
0.33	AMH	American Homes 4	Pair Corr

Related Correlations Analysis

	EQIX	CCI	AMT	HASI	DLR	SBAC	GLPI
EQIX		-0.74	-0.78	0.56	0.88	-0.53	-0.1	EQIX
CCI	-0.74		0.92	-0.18	-0.64	0.75	0.47	CCI
AMT	-0.78	0.92		-0.33	-0.73	0.85	0.35	AMT
HASI	0.56	-0.18	-0.33		0.25	-0.3	0.55	HASI
DLR	0.88	-0.64	-0.73	0.25		-0.42	-0.26	DLR
SBAC	-0.53	0.75	0.85	-0.3	-0.42		0.32	SBAC
GLPI	-0.1	0.47	0.35	0.55	-0.26	0.32		GLPI
	EQIX	CCI	AMT	HASI	DLR	SBAC	GLPI

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AMT	+ 0.92	CCI
DLR	+ 0.88	EQIX
SBAC	+ 0.85	AMT
SBAC	+ 0.75	CCI
HASI	+ 0.56	EQIX
GLPI	+ 0.55	HASI

High negative correlations

AMT	- 0.78	EQIX
CCI	- 0.74	EQIX
DLR	- 0.73	AMT
DLR	- 0.64	CCI
SBAC	- 0.53	EQIX
SBAC	- 0.42	DLR

Risk-Adjusted Indicators

There is a big difference between Iron Stock performing well and Iron Mountain Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Iron Mountain's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EQIX	1.45	(0.07)	0.00	0.31	0.00	0.00	2.32	(3.36)	11.10
CCI	1.50	0.21	0.18	(0.93)	1.91	(1.48)	2.75	(2.90)	16.04
AMT	1.38	0.20	0.22	(0.60)	1.52	(1.43)	3.19	(3.08)	10.21
HASI	1.64	0.00	0.00	(0.15)	0.00	0.00	3.54	(4.92)	11.62
DLR	1.68	(0.03)	0.00	0.08	0.00	0.00	3.17	(3.78)	10.02
SBAC	1.31	0.32	0.24	1.03	1.42	(1.37)	3.01	(2.49)	10.00
GLPI	0.98	0.04	0.00	(0.06)	0.00	0.00	1.76	(2.25)	6.75

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