Insteel Industries Stock Market Value
| IIIN Stock | USD 30.31 0.21 0.69% |
| Symbol | Insteel |
Insteel Industries Price To Book Ratio
Is Building Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Insteel Industries. If investors know Insteel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Insteel Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.17) | Dividend Share 0.12 | Earnings Share 0.99 | Revenue Per Share 27.136 | Quarterly Revenue Growth (0.15) |
The market value of Insteel Industries is measured differently than its book value, which is the value of Insteel that is recorded on the company's balance sheet. Investors also form their own opinion of Insteel Industries' value that differs from its market value or its book value, called intrinsic value, which is Insteel Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Insteel Industries' market value can be influenced by many factors that don't directly affect Insteel Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Insteel Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Insteel Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Insteel Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Insteel Industries '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 Insteel Industries' stock 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 Insteel Industries.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Insteel Industries on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Insteel Industries or generate 0.0% return on investment in Insteel Industries over 60 days. Insteel Industries is related to or competes with Carpenter Technology, ESAB Corp, Gulf Island, Mayville Engineering, Ryerson Holding, Tredegar, and CompoSecure. Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for c... More
Insteel Industries 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 Insteel Industries' stock 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 Insteel Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 11.16 | |||
| Value At Risk | (4.52) | |||
| Potential Upside | 3.0 |
Insteel Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Insteel Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Insteel Industries' standard deviation. In reality, there are many statistical measures that can use Insteel Industries historical prices to predict the future Insteel Industries' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.09) |
Insteel Industries Backtested Returns
Insteel Industries holds Efficiency (Sharpe) Ratio of -0.0403, which attests that the entity had a -0.0403% return per unit of risk over the last 3 months. Insteel Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Insteel Industries' Risk Adjusted Performance of (0.04), market risk adjusted performance of (0.08), and Standard Deviation of 2.27 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.6, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Insteel Industries will likely underperform. At this point, Insteel Industries has a negative expected return of -0.0895%. Please make sure to check out Insteel Industries' treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Insteel Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
Insteel Industries has very good reverse predictability. Overlapping area represents the amount of predictability between Insteel Industries time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th of November 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 Insteel Industries price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Insteel Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 1.45 |
Insteel Industries lagged returns against current returns
Autocorrelation, which is Insteel Industries stock'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 Insteel Industries' stock expected returns. We can calculate the autocorrelation of Insteel Industries returns to help us make a trade decision. For example, suppose you find that Insteel Industries has exhibited high autocorrelation historically, and you observe that the stock 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 |
Insteel Industries 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 Insteel Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Insteel Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Insteel Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Insteel Industries Lagged Returns
When evaluating Insteel Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Insteel Industries stock have on its future price. Insteel Industries 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, Insteel Industries autocorrelation shows the relationship between Insteel Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Insteel Industries.
Regressed Prices |
| Timeline |
Pair Trading with Insteel Industries
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Insteel Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Insteel Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Insteel Stock
| 0.72 | TG | Tredegar | PairCorr |
| 0.71 | CMPO | CompoSecure | PairCorr |
| 0.69 | CMPOW | CompoSecure | PairCorr |
| 0.69 | J | Jacobs Solutions | PairCorr |
| 0.64 | B | Barnes Group | PairCorr |
The ability to find closely correlated positions to Insteel Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Insteel Industries 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 Insteel Industries - 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 Insteel Industries to buy it.
The correlation of Insteel Industries 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Insteel Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Insteel Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Insteel Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Insteel Industries Correlation, Insteel Industries Volatility and Insteel Industries Alpha and Beta module to complement your research on Insteel Industries. To learn how to invest in Insteel Stock, please use our How to Invest in Insteel Industries guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Insteel Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.