Insteel Industries Stock Probability of Future Stock Price Finishing Under 33.77
| IIIN Stock | USD 30.47 0.36 1.20% |
Insteel |
Insteel Industries Target Price Odds to finish below 33.77
The tendency of Insteel Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 33.77 after 90 days |
| 30.47 | 90 days | 33.77 | roughly 97.0 |
Based on a normal probability distribution, the odds of Insteel Industries to stay under $ 33.77 after 90 days from now is roughly 97.0 (This Insteel Industries probability density function shows the probability of Insteel Stock to fall within a particular range of prices over 90 days) . Probability of Insteel Industries price to stay between its current price of $ 30.47 and $ 33.77 at the end of the 90-day period is about 41.89 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.67 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Insteel Industries will likely underperform. Additionally Insteel Industries has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Insteel Industries Price Density |
| Price |
Predictive Modules for Insteel Industries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Insteel Industries. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Insteel Industries Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Insteel Industries is not an exception. The market had few large corrections towards the Insteel Industries' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Insteel Industries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Insteel Industries within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.29 | |
β | Beta against Dow Jones | 1.67 | |
σ | Overall volatility | 1.93 | |
Ir | Information ratio | -0.09 |
Insteel Industries Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Insteel Industries for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Insteel Industries can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Insteel Industries generated a negative expected return over the last 90 days | |
| Insteel Industries is unlikely to experience financial distress in the next 2 years | |
| Insteel Industries has a very strong financial position based on the latest SEC filings | |
| Over 84.0% of the company shares are owned by institutional investors | |
| On 27th of September 2024 Insteel Industries paid $ 0.03 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: Insteel Industries Announces Closure of Warren, Ohio Facility |
Insteel Industries Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Insteel Stock often depends not only on the future outlook of the current and potential Insteel Industries' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Insteel Industries' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 19.6 M | |
| Cash And Short Term Investments | 111.5 M |
Insteel Industries Technical Analysis
Insteel Industries' future price can be derived by breaking down and analyzing its technical indicators over time. Insteel Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Insteel Industries. In general, you should focus on analyzing Insteel Stock price patterns and their correlations with different microeconomic environments and drivers.
Insteel Industries Predictive Forecast Models
Insteel Industries' time-series forecasting models is one of many Insteel Industries' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Insteel Industries' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Insteel Industries
Checking the ongoing alerts about Insteel Industries for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Insteel Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Insteel Industries generated a negative expected return over the last 90 days | |
| Insteel Industries is unlikely to experience financial distress in the next 2 years | |
| Insteel Industries has a very strong financial position based on the latest SEC filings | |
| Over 84.0% of the company shares are owned by institutional investors | |
| On 27th of September 2024 Insteel Industries paid $ 0.03 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: Insteel Industries Announces Closure of Warren, Ohio Facility |
Check out Insteel Industries Backtesting, Insteel Industries Valuation, Insteel Industries Correlation, Insteel Industries Hype Analysis, Insteel Industries Volatility, Insteel Industries History as well as Insteel Industries Performance. To learn how to invest in Insteel Stock, please use our How to Invest in Insteel Industries guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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.