IRON MTN INC Market Value
| 46284VAL5 | 91.30 6.60 6.74% |
| Symbol | 46284VAL5 |
46284VAL5 '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 46284VAL5's bond 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 46284VAL5.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in 46284VAL5 on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding IRON MTN INC or generate 0.0% return on investment in 46284VAL5 over 30 days. 46284VAL5 is related to or competes with 00108WAF7, 90331HPL1, Applied Blockchain, BigBearai Holdings, InMode, Sprott Focus, and IONQ. More
46284VAL5 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 46284VAL5's bond 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 MTN INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 8.58 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.6677 |
46284VAL5 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 46284VAL5's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 46284VAL5's standard deviation. In reality, there are many statistical measures that can use 46284VAL5 historical prices to predict the future 46284VAL5's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 4.35 |
IRON MTN INC Backtested Returns
IRON MTN INC secures Sharpe Ratio (or Efficiency) of -0.0097, which signifies that the bond had a -0.0097% return per unit of risk over the last 3 months. IRON MTN INC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 46284VAL5's Mean Deviation of 0.5481, coefficient of variation of (1,941), and Variance of 1.82 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0183, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 46284VAL5 are expected to decrease at a much lower rate. During the bear market, 46284VAL5 is likely to outperform the market.
Auto-correlation | 0.12 |
Insignificant predictability
IRON MTN INC has insignificant predictability. Overlapping area represents the amount of predictability between 46284VAL5 time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 MTN INC price movement. The serial correlation of 0.12 indicates that less than 12.0% of current 46284VAL5 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
IRON MTN INC lagged returns against current returns
Autocorrelation, which is 46284VAL5 bond'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 46284VAL5's bond expected returns. We can calculate the autocorrelation of 46284VAL5 returns to help us make a trade decision. For example, suppose you find that 46284VAL5 has exhibited high autocorrelation historically, and you observe that the bond 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 |
46284VAL5 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 46284VAL5 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 46284VAL5 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 46284VAL5 bond over time.
Current vs Lagged Prices |
| Timeline |
46284VAL5 Lagged Returns
When evaluating 46284VAL5's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 46284VAL5 bond have on its future price. 46284VAL5 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, 46284VAL5 autocorrelation shows the relationship between 46284VAL5 bond current value and its past values and can show if there is a momentum factor associated with investing in IRON MTN INC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in 46284VAL5 Bond
46284VAL5 financial ratios help investors to determine whether 46284VAL5 Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in 46284VAL5 with respect to the benefits of owning 46284VAL5 security.