IIIN vs MYSE: Correlation
How closely do Insteel Industries, Inc. (IIIN) and Myseum.AI, Inc. (MYSE) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IIIN and MYSE?
Over the past 3 years, IIIN and MYSE moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.55 versus -0.25 over 3 years. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -1712.5 %².
Within IIIN's tracked universe of 17 assets, MYSE comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MYSE outperformed by 50.2 percentage points (-18.2% for IIIN against +32.0% for MYSE). Risk is not evenly split, since MYSE carries 4.3 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
IIIN vs MYSE: side by side
| IIIN (Insteel Industries, Inc.) | MYSE (Myseum.AI, Inc.) | |
|---|---|---|
| 1-year return | -18.2% | +32.0% |
| 5-year return | +6.5% | -96.4% |
| Volatility (ann.) | 39.5% | 170.4% |
| Beta vs S&P 500 | 0.99 | 1.47 |
| Max drawdown (3Y) | -37.0% | -85.1% |
| Market cap | $0.6B | – |
| P/E (trailing) | 16.3 | – |
| Dividend yield | 0.39% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IIIN | MYSE |
|---|---|---|
| 2022 | -25.6% | -91.8% |
| 2023 | +50.0% | +16.2% |
| 2024 | -26.8% | -38.0% |
| 2025 | +21.5% | -3.9% |
| 2026 | -3.1% | +56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IIIN and MYSE good diversifiers for each other?
Yes. With a correlation of -0.25, IIIN and MYSE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IIIN and MYSE?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.55 over the last year and -0.11 over 5 years.
Is MYSE a good diversifier for IIIN?
Yes. With a correlation of -0.25, IIIN and MYSE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/iiin-vs-myse.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iiin-vs-myse/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IIIN correlations · MYSE correlations
