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Correlation Analysis

Iron Mountain Inc. vs Mastercard Incorporated

IRM vs MA

+0.872

Very strong positive

When one moves up, the other tends to follow.

IRM logo

Iron Mountain Inc.

IRM

Iron Mountain Inc is an information management services provider organized and operated as a real estate investment trust. The company offers solutions to its clients to address their information management, digital transformation, information security, data center, and asset lifecycle management (ALM) needs. Its customers come from various industries, including commercial, legal, financial, healthcare, technology, etc. The company has two reportable segments: Global Records and Information Management (Global RIM) and Global Data Center. Maximum revenue is generated from the Global RIM segment, which offers data and records management, secure shredding, consumer storage, and other related services. Geographically, the company generates maximum revenue from the United States.

Market cap 31B · 29,400 employees

MA logo

Mastercard Incorporated

MA

Mastercard is the second-largest payment processor in the world, having processed close to $11 trillion in volume during 2025. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.

Market cap 447.2B

Apr 9, 2021 — Apr 7, 2026Daily1,254 data pointsStockStockFinancials

Time Series

Relative Performance

Green: IRMGray: MA36 of 1,254 points (sampled)

Who Moves First

IRM leads MA by 6 days

IRM tends to move before MA.

After testing 13 timing shifts, the strongest relationship was +0.872 (they moved in the same direction).

Do They Crash Together?

Correlation by Market Regime

How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.

Both Rising

+0.415

12 periods · Return correlation when both series rose

Both Falling

+0.779

8 periods · Return correlation when both series fell

Diverging

-0.629

15 periods · Return correlation when series moved apart

R-Squared

76.0%

Share of variance in one series explained by the other.

Trend Agreement

62.7%

How often both series moved in the same direction period-to-period.

Overlap Quality

1,254

Deep shared window — 1,254 usable pairs.

Significance

p < 0.001

95% CI: [0.858, 0.885]

Scatter

XY Regression

30.5406080100120134.8308.1350400450500550599.5Iron Mountain Inc.Mastercard IncorporatedData pointsFit (r = 0.872)

Pipeline

Data quality details

Pipeline Summary

1,254 paired data points survived the daily window.

Raw input

1,254

1,254

Normalized

1,254

1,254

Prepared

1,254

1,254

Aligned

1,254

1,254

Invalid removed

0

A: 0 / B: 0

Duplicates removed

0

A: 0 / B: 0

Alignment drops

0

A: 0 / B: 0

Series A

IRM logo

Iron Mountain Inc.

IRM

Market cap 31B · 29,400 employees

Stock · 1,254 raw → 1,254 prepared

Series B

MA logo

Mastercard Incorporated

MA

Market cap 447.2B

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

9

Estimated crossover points between normalized spreads.

Slope

3.0679

Linear regression slope.

Intercept

213.0908

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 7 hours ago · ID: stock-irm-vs-stock-ma-daily