Insteel Historical Financial Ratios
| IIIN Stock | USD 30.47 0.36 1.20% |
Insteel Industries is lately reporting on over 107 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 1.66 or Days Sales Outstanding of 35.66 will help investors to properly organize and evaluate Insteel Industries financial condition quickly.
Insteel |
About Insteel Financial Ratios Analysis
Insteel IndustriesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Insteel Industries investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Insteel financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Insteel Industries history.
Insteel Industries Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Insteel Industries stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Insteel Industries sales, a figure that is much harder to manipulate than other Insteel Industries multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Insteel Industries dividend as a percentage of Insteel Industries stock price. Insteel Industries dividend yield is a measure of Insteel Industries stock productivity, which can be interpreted as interest rate earned on an Insteel Industries investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Most ratios from Insteel Industries' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Insteel Industries current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Insteel Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Insteel Stock, please use our How to Invest in Insteel Industries guide.At this time, Insteel Industries' Inventory Turnover is very stable compared to the past year. As of the 24th of November 2024, Net Income Per Share is likely to grow to 1.66, while Price To Sales Ratio is likely to drop 0.98.
| 2011 | 2016 | 2022 | 2024 (projected) | Dividend Yield | 0.0307 | 0.0795 | 0.0846 | 0.0652 | Price To Sales Ratio | 1.62 | 0.63 | 1.14 | 0.98 |
Insteel Industries fundamentals Correlations
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Insteel Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
| 0.78 | CMPOW | CompoSecure Trending | PairCorr |
| 0.75 | TG | Tredegar | PairCorr |
| 0.49 | ESAB | ESAB Corp | PairCorr |
| 0.49 | HIHO | Highway Holdings | PairCorr |
| 0.46 | MTEN | Mingteng International | 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Insteel Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Insteel Stock, please use our How to Invest in Insteel Industries guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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.