Inogen Correlations

INGN Stock

USD 5.90 0.08 1.37%

The current 90-days correlation between Inogen Inc and Nano X Imaging is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Inogen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Inogen Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Inogen Correlation With Market

Very good diversification

The correlation between Inogen Inc and DJI is -0.43 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inogen Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Inogen Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Inogen Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Inogen Stock

0.73	OTC	Ocumetics Technology Corp	Pair Corr
0.61	TFX	Teleflex Incorporated	Pair Corr
0.72	IRTC	iRhythm Technologies	Pair Corr
0.69	RHT	Resonance Health	Pair Corr
0.88	STVN	Stevanato Group SpA	Pair Corr
0.71	PBCRY	Bank Central Asia	Pair Corr

Moving against Inogen Stock

0.8	GMED	Globus Medical	Pair Corr
0.76	GKOS	Glaukos Corp	Pair Corr
0.64	FPH	Fisher Paykel Healthcare	Pair Corr
0.63	BFLY	Butterfly Network	Pair Corr
0.61	IMR	Imricor Medical Systems	Pair Corr
0.61	TLK	Telkom Indonesia Tbk	Pair Corr
0.56	BLCO	Bausch Lomb Corp	Pair Corr
0.52	4DX	4DMEDICAL	Pair Corr
0.38	EYE	Nova EYE Medical	Pair Corr
0.33	NUTX	Nutex Health	Pair Corr
0.32	TLT	Theralase Technologies	Pair Corr
0.74	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.73	PFE	Pfizer Inc Earnings Call Tomorrow	Pair Corr
0.72	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.72	MRK	Merck Company Earnings Call Tomorrow	Pair Corr
0.68	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.65	CAT	Caterpillar	Pair Corr
0.61	AA	Alcoa Corp	Pair Corr
0.56	SPGX	Sustainable Projects	Pair Corr
0.54	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.54	CVX	Chevron Corp	Pair Corr
0.51	PPERY	Bank Mandiri Persero Earnings Call This Week	Pair Corr
0.44	BA	Boeing Sell-off Trend	Pair Corr
0.36	VZ	Verizon Communications Upward Rally	Pair Corr
0.31	LIN	Linde plc Ordinary Earnings Call This Week	Pair Corr

Related Correlations Analysis

	NNOX	SNWV	OM	HSDT	SI	QTRX	CATX	EPRX	SGHT	HCAT
NNOX		0.44	0.18	0.38	0.04	0.16	-0.35	-0.53	0.05	0.57	NNOX
SNWV	0.44		-0.24	0.16	0.28	0.02	-0.46	-0.55	0.55	0.12	SNWV
OM	0.18	-0.24		0.84	-0.89	-0.67	-0.01	-0.43	-0.81	0.78	OM
HSDT	0.38	0.16	0.84		-0.7	-0.65	-0.25	-0.64	-0.56	0.8	HSDT
SI	0.04	0.28	-0.89	-0.7		0.69	0.07	0.3	0.8	-0.57	SI
QTRX	0.16	0.02	-0.67	-0.65	0.69		0.11	0.38	0.6	-0.36	QTRX
CATX	-0.35	-0.46	-0.01	-0.25	0.07	0.11		0.36	-0.09	-0.11	CATX
EPRX	-0.53	-0.55	-0.43	-0.64	0.3	0.38	0.36		-0.01	-0.65	EPRX
SGHT	0.05	0.55	-0.81	-0.56	0.8	0.6	-0.09	-0.01		-0.36	SGHT
HCAT	0.57	0.12	0.78	0.8	-0.57	-0.36	-0.11	-0.65	-0.36		HCAT
	NNOX	SNWV	OM	HSDT	SI	QTRX	CATX	EPRX	SGHT	HCAT

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

HSDT	+ 0.84	OM
HCAT	+ 0.8	HSDT
SGHT	+ 0.8	SI
HCAT	+ 0.78	OM
QTRX	+ 0.69	SI
SGHT	+ 0.6	QTRX

High negative correlations

SI	- 0.89	OM
SGHT	- 0.81	OM
SI	- 0.7	HSDT
QTRX	- 0.67	OM
HCAT	- 0.65	EPRX
QTRX	- 0.65	HSDT

Risk-Adjusted Indicators

There is a big difference between Inogen Stock performing well and Inogen Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Inogen's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NNOX	3.75	(0.49)	0.00	(0.35)	0.00	0.00	9.44	(6.31)	36.87
SNWV	2.42	(0.20)	0.00	(0.12)	0.00	0.00	3.94	(5.25)	26.31
OM	4.95	(1.17)	0.00	40.83	0.00	0.00	9.51	(10.93)	52.35
HSDT	5.59	(1.25)	0.00	(0.62)	0.00	0.00	11.43	(11.78)	27.63
SI	2.72	0.25	0.09	0.18	2.67	(3.52)	6.14	(4.78)	39.05
QTRX	3.41	0.20	0.06	0.12	3.52	(4.15)	8.16	(5.66)	34.06
CATX	4.92	0.63	0.10	0.77	5.54	(5.15)	7.80	(8.80)	26.95
EPRX	3.05	0.65	0.20	0.49	2.82	(3.71)	6.98	(4.46)	24.61
SGHT	3.20	0.28	0.09	0.13	3.48	(3.68)	9.34	(6.23)	25.08
HCAT	2.86	(0.72)	0.00	(0.35)	0.00	0.00	5.42	(5.15)	21.81

Inogen Corporate Management

Nabil Shabshab	Pres CEO	Profile
Vijay Paliwal	Senior Enablement	Profile
Lorna Williams	Senior Relations	Profile
Adrien Mithalal	Senior Development	Profile
Agnes Lee	VP Planning	Profile

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