IIIN vs RMSG: Correlation
Measured on weekly returns over the past three years, Insteel Industries, Inc. (IIIN) and Real Messenger Corporation (RMSG) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IIIN and RMSG?
On 3 years of weekly data the IIIN/RMSG correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.58 versus -0.31 over 3 years. The 5-year figure is -0.24, and annualized covariance runs at -4004.4 %².
Among the 17 assets we track against IIIN, RMSG sits near the bottom by co-movement, at rank #14. The last year tells two different stories: IIIN led by 70.8 percentage points, -18.2% for IIIN against -89.0% for RMSG. Risk is not evenly split, since RMSG carries 8.3 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 RMSG: side by side
| IIIN (Insteel Industries, Inc.) | RMSG (Real Messenger Corporation) | |
|---|---|---|
| 1-year return | -18.2% | -89.0% |
| 5-year return | +6.5% | -96.3% |
| Volatility (ann.) | 39.5% | 329.1% |
| Beta vs S&P 500 | 0.99 | 4.85 |
| Max drawdown (3Y) | -37.0% | -99.1% |
| 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 | RMSG |
|---|---|---|
| 2022 | -25.6% | +5.1% |
| 2023 | +50.0% | +9.6% |
| 2024 | -26.8% | -77.7% |
| 2025 | +21.5% | -47.1% |
| 2026 | -3.1% | -73.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IIIN and RMSG good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IIIN and RMSG?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.58 over the last year and -0.24 over 5 years.
Is RMSG a good diversifier for IIIN?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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-rmsg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iiin-vs-rmsg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IIIN correlations · RMSG correlations
