Insteel Price To Free Cash Flows Ratio from 2010 to 2024
| IIIN Stock | USD 29.61 0.27 0.90% |
Price To Free Cash Flows Ratio | First Reported 2010-12-31 | Previous Quarter 15.41865328 | Current Value 5.67812732 | Quarterly Volatility 32.91085513 |
Check Insteel Industries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Insteel Industries' main balance sheet or income statement drivers, such as Depreciation And Amortization of 7.9 M, Interest Expense of 84.5 K or Total Revenue of 362.7 M, as well as many indicators such as Price To Sales Ratio of 0.98, Dividend Yield of 0.0652 or PTB Ratio of 1.66. Insteel financial statements analysis is a perfect complement when working with Insteel Industries Valuation or Volatility modules.
Insteel | Price To Free Cash Flows Ratio |
Latest Insteel Industries' Price To Free Cash Flows Ratio Growth Pattern
Below is the plot of the Price To Free Cash Flows Ratio of Insteel Industries over the last few years. It is Insteel Industries' Price To Free Cash Flows Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Insteel Industries' overall financial position and show how it may be relating to other accounts over time.
| Price To Free Cash Flows Ratio | 10 Years Trend |
|
Price To Free Cash Flows Ratio |
| Timeline |
Insteel Price To Free Cash Flows Ratio Regression Statistics
| Arithmetic Mean | (11.86) | |
| Geometric Mean | 22.56 | |
| Coefficient Of Variation | (277.55) | |
| Mean Deviation | 31.01 | |
| Median | 7.54 | |
| Standard Deviation | 32.91 | |
| Sample Variance | 1,083 | |
| Range | 66.9682 | |
| R-Value | (0.30) | |
| Mean Square Error | 1,059 | |
| R-Squared | 0.09 | |
| Significance | 0.27 | |
| Slope | (2.24) | |
| Total Sum of Squares | 15,164 |
Insteel Price To Free Cash Flows Ratio History
About Insteel Industries Financial Statements
Insteel Industries investors utilize fundamental indicators, such as Price To Free Cash Flows Ratio, to predict how Insteel Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price To Free Cash Flows Ratio | 15.42 | 5.68 |
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
| 0.68 | J | Jacobs Solutions | PairCorr |
| 0.62 | B | Barnes Group | PairCorr |
| 0.59 | TG | Tredegar | PairCorr |
| 0.58 | TPCS | TechPrecision Common | PairCorr |
| 0.52 | 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 the analysis of Insteel Industries Correlation against competitors. To learn how to invest in Insteel Stock, please use our How to Invest in Insteel Industries guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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.