| HZ8 Stock | | | EUR 27.20 0.20 0.73% |
This module uses fundamental data of Insteel Industries to approximate its Piotroski F score. Insteel Industries F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Insteel Industries. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Insteel Industries financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. 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 board of governors.
For more detail on how to invest in Insteel Stock please use our
How to Invest in Insteel Industries guide.
At this time, it appears that Insteel Industries' Piotroski F Score is Inapplicable. Although some professional money managers and academia have recently criticized
Piotroski F-Score model, we still consider it an effective method of
predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
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Piotroski F Score - Inapplicable
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Insteel Industries Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to Insteel Industries is to make sure Insteel is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Insteel Industries' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Insteel Industries' financial numbers are properly reported.
About Insteel Industries Piotroski F Score
F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled
Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.
About Insteel Industries Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Insteel Industries's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Insteel Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Insteel Industries based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing
financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our
fundamental analysis page.
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Additional Information and Resources on Investing in Insteel Stock
When determining whether Insteel Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Insteel Industries'
financial statements, including income statements, balance sheets, and cash flow statements, to assess its
financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Insteel Industries Stock.
Outlined below are crucial reports that will aid in making a well-informed decision on Insteel Industries Stock: 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 board of governors.
For more detail on how to invest in Insteel Stock please use our
How to Invest in Insteel Industries guide.
You can also try the
Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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.