Insteel Industries, Inc. (IIIN) — Stock Correlations & Overview

Over the past year, IIIN has moved most closely with ZION, FNB, FBK. Explore the stocks most correlated and inversely correlated with IIIN below, along with its price, financials, and company profile.

Stocks correlated with IIIN

Correlation of daily returns. Higher positive values move with IIIN; negative values move opposite it. Informational only, not investment advice.

Most correlated with IIIN

SymbolCompanyCorrelation
ZIONZions Bancorporation N.A.NATIONAL COMMERCIAL BANKS0.46
FNBF.N.B. CorpNATIONAL COMMERCIAL BANKS0.45
FBKFB Financial CorporationSTATE COMMERCIAL BANKS0.44
GSBCGreat Southern Bancorp IncSTATE COMMERCIAL BANKS0.43
PAVEGlobal X U.S. Infrastructure Development ETF0.43

Most inversely correlated with IIIN

SymbolCompanyCorrelation
SKRETuttle Capital Daily 2X Inverse Regional Banks ETF-0.41
SIJProShares UltraShort Industrials-0.40
SBBProShares Short SmallCap600-0.39
SRTYProShares UltraPro Short Russell2000-0.38
TWMProShares UltraShort Russell2000-0.38

Frequently asked questions about IIIN correlations

Which stocks are most correlated with IIIN?
Based on one year of daily returns, the stocks most correlated with Insteel Industries, Inc. (IIIN) are ZION (0.46), FNB (0.45) and FBK (0.44). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with IIIN?
Over the past year, the stocks most inversely correlated with Insteel Industries, Inc. (IIIN) are SKRE (-0.41), SIJ (-0.40) and SBB (-0.39). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?
Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these IIIN correlations calculated?
We compute the correlation of daily returns between IIIN and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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