Iron Mountain Incorporated (IRM)
Iron Mountain Inc. (NYSE: IRM) is an American enterprise information management services company founded in 1951 and headquartered in Boston, Massachusetts.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 110.04% per annum.
- IRM price at the close of November 19, 2024 was $116.51 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 172.20% per annum.
- IRM price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $8.14 (6.53%). This indicates a possible reversal in the secondary trend direction.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of IRM price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: September 27, 2023
End date: November 13, 2024
a = 1.1188
b = 0.0020
s = 0.0517
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0020) – 1
= 110.04%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0517) – 1
= 22.96%
September 27, 2023 calculations
Top border of price channel:
Exp(Y968)
= Exp(a + b × X968 + 2 × s)
= Exp(a + b × 1,407 + 2 × s)
= Exp(1.1188 + 0.0020 × 1,407 + 2 × 0.0517)
= Exp(4.0828)
= $59.31
Bottom border of price channel:
Exp(Y968)
= Exp(a + b × X968 – 2 × s)
= Exp(a + b × 1,407 – 2 × s)
= Exp(1.1188 + 0.0020 × 1,407 – 2 × 0.0517)
= Exp(3.8762)
= $48.24
November 13, 2024 calculations
Top border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 + 2 × s)
= Exp(a + b × 1,820 + 2 × s)
= Exp(1.1188 + 0.0020 × 1,820 + 2 × 0.0517)
= Exp(4.9225)
= $137.35
Bottom border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 – 2 × s)
= Exp(a + b × 1,820 – 2 × s)
= Exp(1.1188 + 0.0020 × 1,820 – 2 × 0.0517)
= Exp(4.7158)
= $111.70
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 110.04% per annum.
- IRM price at the close of November 19, 2024 was $116.51 and was inside the primary price channel.
Secondary Trend
Start date: April 10, 2024
End date: November 13, 2024
a = -0.1079
b = 0.0027
s = 0.0380
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0027) – 1
= 172.20%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0380) – 1
= 16.43%
April 10, 2024 calculations
Top border of price channel:
Exp(Y1,102)
= Exp(a + b × X1,102 + 2 × s)
= Exp(a + b × 1,603 + 2 × s)
= Exp(-0.1079 + 0.0027 × 1,603 + 2 × 0.0380)
= Exp(4.3658)
= $78.72
Bottom border of price channel:
Exp(Y1,102)
= Exp(a + b × X1,102 – 2 × s)
= Exp(a + b × 1,603 – 2 × s)
= Exp(-0.1079 + 0.0027 × 1,603 – 2 × 0.0380)
= Exp(4.2137)
= $67.61
November 13, 2024 calculations
Top border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 + 2 × s)
= Exp(a + b × 1,820 + 2 × s)
= Exp(-0.1079 + 0.0027 × 1,820 + 2 × 0.0380)
= Exp(4.9612)
= $142.76
Bottom border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 – 2 × s)
= Exp(a + b × 1,820 – 2 × s)
= Exp(-0.1079 + 0.0027 × 1,820 – 2 × 0.0380)
= Exp(4.8090)
= $122.61
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 172.20% per annum.
- IRM price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $8.14 (6.53%). This indicates a possible reversal in the secondary trend direction.