25.13 +0.58 (+2.32%) Sell

IIIN investors looking to add more to current positions

13 min read

INSTEEL INDUSTRIES INC outperformed the broader market today. It increased by +2.32% to close at 25.13. During the last week it delivered -1.06% and saw a maximum drawdown of -3.31% before bouncing back.

[Themes containing IIIN]

IIIN is currently in a bearish trend. Over the last three months 2 bearish signals have generated a profit of +29.29% for investors.


IIIN has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 25 Nov, 2016 to 13 Dec, 2018. Over the last 2 years 11 months and 14 days, IIIN underperformed the SP500 index on 47% days. Which indicates that on days IIIN underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months IIIN was mostly loss making and delivered on average -0.54% per day. It's best return during this period (of +5.25%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -19.3%) was on Thursday, 18 Oct, 2018. The longest stort-term trend during this period was 5 losing days, which started on 9 Oct, 2018 and ended on 15 Oct, 2018. This bearish trend lost -5.8% of investor capital.

The last 12 months saw IIIN's investors making profits in 6 months and incurring losses in 6 months. IIIN was less consistent in delivering monthly returs than SP500 index. IIIN was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -24.68% compared to -7.75% returned by SP500 index in Dec 2018. IIIN had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year. It is interesting to note that both IIIN and SP500 index significantly outperform during months when quarterly/annual results are announced.

"There is a huge amount of freedom that is derived from not fighting the market.

IIIN is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in IIIN's volatility from 10 Oct, 2018 to 19 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that IIIN has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.

SP500 index has more chance of extreme outcomes than IIIN. Therefore, SP500 must receive a lower allocation than IIIN in your portfolio. SP500 index usually has shorter drawdown period than IIIN.

Based on your interest in IIIN you may find it interesting to know that LULU is a mid cap that has shown remarkable performance and deserves to be on every investors' watchlist.

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