Iron Mountain Correlations

I1RM34 Stock

BRL 690.06 9.34 1.37%

The current 90-days correlation between Iron Mountain and Tres Tentos Agroindustrial is 0.16 (i.e., Average diversification). The correlation of Iron Mountain is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Iron Mountain Correlation With Market

Good diversification

The correlation between Iron Mountain Incorporated and DJI is -0.1 (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.

The ability to find closely correlated positions to Iron Mountain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Iron Mountain when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Iron Mountain - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Iron Mountain Incorporated to buy it.

Moving together with Iron Stock

0.74	EQIX34	Equinix	Pair Corr
0.69	AAPL34	Apple Inc	Pair Corr
0.68	MSFT34	Microsoft	Pair Corr
0.61	GOGL34	Alphabet	Pair Corr
0.61	GOGL35	Alphabet	Pair Corr
0.63	AMZO34	Amazon Inc	Pair Corr
0.68	HPQB34	Hewlett Packard	Pair Corr

Related Correlations Analysis

	GPIV33	SSFO34	TTEN3	Z1OM34	M1NS34	MRFG3	BROF11
GPIV33		-0.43	-0.02	-0.41	-0.39	-0.28	-0.1	GPIV33
SSFO34	-0.43		0.38	0.9	0.86	0.67	0.39	SSFO34
TTEN3	-0.02	0.38		0.59	0.27	0.78	0.5	TTEN3
Z1OM34	-0.41	0.9	0.59		0.81	0.82	0.54	Z1OM34
M1NS34	-0.39	0.86	0.27	0.81		0.58	0.37	M1NS34
MRFG3	-0.28	0.67	0.78	0.82	0.58		0.61	MRFG3
BROF11	-0.1	0.39	0.5	0.54	0.37	0.61		BROF11
	GPIV33	SSFO34	TTEN3	Z1OM34	M1NS34	MRFG3	BROF11

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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

Z1OM34	+ 0.9	SSFO34
M1NS34	+ 0.86	SSFO34
MRFG3	+ 0.82	Z1OM34
M1NS34	+ 0.81	Z1OM34
MRFG3	+ 0.78	TTEN3
MRFG3	+ 0.67	SSFO34

High negative correlations

SSFO34	- 0.43	GPIV33
Z1OM34	- 0.41	GPIV33
M1NS34	- 0.39	GPIV33
MRFG3	- 0.28	GPIV33
BROF11	- 0.1	GPIV33
TTEN3	- 0.02	GPIV33

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
GPIV33	2.34	0.25	0.01	(0.18)	3.55	(2.73)	4.35	(4.58)	37.38
SSFO34	1.32	0.45	0.21	1.78	1.07	(1.47)	4.07	(2.04)	11.21
TTEN3	1.57	0.31	0.11	(4.30)	1.54	(1.74)	3.82	(2.61)	18.93
Z1OM34	1.73	0.51	0.16	(8.03)	1.69	(2.04)	4.92	(3.46)	12.05
M1NS34	1.34	0.30	0.11	2.83	1.41	(1.62)	2.83	(2.38)	9.83
MRFG3	1.88	0.33	0.12	1.51	1.77	(2.23)	4.32	(3.35)	12.90
BROF11	0.78	0.04	(0.09)	(0.25)	0.94	(0.86)	2.13	(1.72)	5.96

Be your own money manager

Our tools can tell you how much better you can do entering a position in Iron Mountain without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Iron Mountain Corporate Management

Elected by the shareholders, the Iron Mountain's board of directors comprises two types of representatives: Iron Mountain inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Iron. The board's role is to monitor Iron Mountain's management team and ensure that shareholders' interests are well served. Iron Mountain's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Iron Mountain's outside directors are responsible for providing unbiased perspectives on the board's policies.

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