Inogen Correlations

INGN Stock

USD 5.79 0.04 0.69%

The current 90-days correlation between Inogen Inc and Nano X Imaging is 0.11 (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

Excellent diversification

The correlation between Inogen Inc and DJI is -0.63 (i.e., Excellent 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 census.

Moving together with Inogen Stock

0.82	IL3	Integra LifeSciences Earnings Call This Week	Pair Corr
0.81	EW	Edwards Lifesciences Corp	Pair Corr
0.76	SI	Shoulder Innovations	Pair Corr
0.65	56S1	Sartorius Stedim Biotech	Pair Corr
0.63	56S0	RENAUUNSPARD 15 EO	Pair Corr
0.85	IPD	Impedimed Earnings Call Tomorrow	Pair Corr
0.84	VVOS	Vivos Therapeutics	Pair Corr
0.73	ELAB	Elevai Labs Common	Pair Corr
0.69	EMBC	Embecta Corp	Pair Corr
0.85	XEJ	Accuray Incorporated	Pair Corr
0.93	ENOV	Enovis Corp Earnings Call This Week	Pair Corr

Moving against Inogen Stock

0.82	HYB	HOYA	Pair Corr
0.81	EDAP	EDAP TMS SA	Pair Corr
0.78	VREX	Varex Imaging Corp	Pair Corr
0.75	EKSO	Ekso Bionics Holdings	Pair Corr
0.65	DXCM	DexCom Inc	Pair Corr
0.62	ECOR	Electrocore LLC	Pair Corr
0.6	SKAN	SKAN Group AG	Pair Corr
0.33	7D2A	SEDANA MEDICAL AB	Pair Corr
0.82	DRW8	Drgerwerk AG	Pair Corr
0.69	BDX	Becton Dickinson	Pair Corr
0.66	AVR	Anteris Technologies Buyout Trend	Pair Corr
0.61	BAX	Baxter International	Pair Corr
0.55	QIPT	Quipt Home Medical	Pair Corr
0.46	BB1	Blinklab	Pair Corr
0.41	46K	IRadimed	Pair Corr

Related Correlations Analysis

	NNOX	SNWV	OM	HSDT	SI	QTRX	CATX	EPRX	SGHT	HCAT
NNOX		0.8	0.14	0.77	0.67	0.59	-0.74	-0.67	0.62	0.82	NNOX
SNWV	0.8		-0.1	0.78	0.76	0.41	-0.79	-0.85	0.82	0.77	SNWV
OM	0.14	-0.1		0.28	-0.15	0.27	-0.18	0.35	-0.31	0.1	OM
HSDT	0.77	0.78	0.28		0.64	0.46	-0.83	-0.64	0.6	0.71	HSDT
SI	0.67	0.76	-0.15	0.64		0.48	-0.71	-0.6	0.82	0.73	SI
QTRX	0.59	0.41	0.27	0.46	0.48		-0.53	-0.28	0.53	0.72	QTRX
CATX	-0.74	-0.79	-0.18	-0.83	-0.71	-0.53		0.54	-0.68	-0.7	CATX
EPRX	-0.67	-0.85	0.35	-0.64	-0.6	-0.28	0.54		-0.74	-0.6	EPRX
SGHT	0.62	0.82	-0.31	0.6	0.82	0.53	-0.68	-0.74		0.82	SGHT
HCAT	0.82	0.77	0.1	0.71	0.73	0.72	-0.7	-0.6	0.82		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

HCAT	+ 0.82	NNOX
SGHT	+ 0.82	SNWV
SGHT	+ 0.82	SI
HCAT	+ 0.82	SGHT
SNWV	+ 0.8	NNOX
HSDT	+ 0.78	SNWV

High negative correlations

EPRX	- 0.85	SNWV
CATX	- 0.83	HSDT
CATX	- 0.79	SNWV
SGHT	- 0.74	EPRX
CATX	- 0.74	NNOX
CATX	- 0.71	SI

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	3.99	(0.26)	0.00	(0.10)	0.00	0.00	9.44	(6.31)	36.87
SNWV	1.82	(0.50)	0.00	(0.55)	0.00	0.00	3.73	(3.90)	12.41
OM	4.43	(0.38)	0.00	(0.14)	0.00	0.00	9.51	(10.41)	38.45
HSDT	5.73	(1.22)	0.00	(0.47)	0.00	0.00	13.03	(10.79)	29.52
SI	2.53	(0.14)	0.00	(0.16)	0.00	0.00	6.14	(6.04)	20.62
QTRX	3.13	(0.08)	0.01	0.04	3.69	(3.56)	8.16	(6.92)	34.06
CATX	5.27	1.85	0.28	1.57	4.99	(5.86)	11.81	(8.80)	77.44
EPRX	2.78	0.43	0.14	0.99	2.45	(3.51)	6.71	(4.46)	24.61
SGHT	2.76	(0.50)	0.00	(0.19)	0.00	0.00	5.96	(6.23)	17.16
HCAT	3.11	(0.45)	0.00	(0.13)	0.00	0.00	6.36	(5.22)	23.79

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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