IIIN vs TATT: Correlation
How closely do Insteel Industries, Inc. (IIIN) and TAT Technologies Ltd. (TATT) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IIIN and TATT?
Over the past 3 years, IIIN and TATT moved with a correlation of 0.35, which is moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 710.2 %².
By 3-year correlation, TATT places #8 of the 17 assets tracked against IIIN. The last year tells two different stories: TATT led by 18.9 percentage points, -18.2% for IIIN against +0.7% for TATT.
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 TATT: side by side
| IIIN (Insteel Industries, Inc.) | TATT (TAT Technologies Ltd.) | |
|---|---|---|
| 1-year return | -18.2% | +0.7% |
| 5-year return | +6.5% | +532.6% |
| Volatility (ann.) | 39.5% | 52.0% |
| Beta vs S&P 500 | 0.99 | 0.89 |
| Max drawdown (3Y) | -37.0% | -47.5% |
| Market cap | $0.6B | $0.5B |
| P/E (trailing) | 16.3 | 24.6 |
| Dividend yield | 0.39% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IIIN | TATT |
|---|---|---|
| 2022 | -25.6% | -16.0% |
| 2023 | +50.0% | +91.5% |
| 2024 | -26.8% | +153.0% |
| 2025 | +21.5% | +73.9% |
| 2026 | -3.1% | -16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IIIN and TATT good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IIIN and TATT?
As of 2026-08-27, the correlation of weekly returns between IIIN and TATT is 0.35 over 3 years, 0.37 over 1 year and 0.27 over 5 years.
Is TATT a good diversifier for IIIN?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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.
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Related comparisons
Hubs: IIIN correlations · TATT correlations
