Insteel Industries Stock Price on October 15, 2024
| IIIN Stock | USD 26.23 0.78 2.89% |
If you're considering investing in Insteel Stock, it is important to understand the factors that can impact its price. As of today, the current price of Insteel Industries stands at 26.23, as last reported on the 2nd of January, with the highest price reaching 27.43 and the lowest price hitting 26.23 during the day. Insteel Industries holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% 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' Standard Deviation of 2.04, risk adjusted performance of (0.08), and Market Risk Adjusted Performance of (1.80) to validate the risk estimate we provide.
Insteel Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Insteel |
Sharpe Ratio = -0.1007
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Estimated Market Risk
| 2.04 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.21 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Insteel Industries is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Insteel Industries by adding Insteel Industries to a well-diversified portfolio.
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Insteel Industries Valuation on October 15, 2024
It is possible to determine the worth of Insteel Industries on a given historical date. On October 15, 2024 Insteel was worth 29.65 at the beginning of the trading date compared to the closed value of 29.48. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Insteel Industries stock. Still, in general, we apply an absolute valuation method to find Insteel Industries' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Insteel Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Insteel Industries' related companies.
| Open | High | Low | Close | Volume | |
| 29.58 | 29.69 | 29.21 | 29.60 | 68,237 | |
10/15/2024 | 29.65 | 30.02 | 29.42 | 29.48 | 81,128 |
| 29.56 | 29.84 | 29.28 | 29.47 | 130,760 |
| Backtest Insteel Industries | | | Insteel Industries History | | | Insteel Industries Valuation | Previous | Next |
Insteel Industries Trading Date Momentum on October 15, 2024
| On October 16 2024 Insteel Industries was traded for 29.47 at the closing time. The top price for the day was 29.84 and the lowest listed price was 29.28 . The trading volume for the day was 130.8 K. The trading history from October 16, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.03% . The trading delta at closing time against the current closing price is 3.02% . |
Insteel Industries Fundamentals Correlations and Trends
By evaluating Insteel Industries' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Insteel Industries' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Insteel financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Insteel Industries Stock history
Insteel Industries investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Insteel is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Insteel Industries will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Insteel Industries stock prices may prove useful in developing a viable investing in Insteel Industries
Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. Insteel Industries, Inc. was founded in 1953 and is headquartered in Mount Airy, North Carolina. Insteel Industries operates under Metal Fabrication classification in the United States and is traded on New York Stock Exchange.
Insteel Industries Stock Technical Analysis
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.
Price Boundaries
Insteel Industries Period Price Range
Low | January 2, 2025
| High |
0.00 | 0.00 |
Insteel Industries cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Insteel Industries January 2, 2025 Market Strength
Market strength indicators help investors to evaluate how Insteel Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Insteel Industries shares will generate the highest return on investment. By undertsting and applying Insteel Industries stock market strength indicators, traders can identify Insteel Industries entry and exit signals to maximize returns
Insteel Industries Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Insteel Industries' price direction in advance. Along with the technical and fundamental analysis of Insteel Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Insteel to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (1.81) |
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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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Steel Works Etc 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.
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.