Inogen Correlations

INGN Stock

USD 7.03 0.19 2.63%

The current 90-days correlation between Inogen Inc and Nano X Imaging is 0.26 (i.e., Modest 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

Average diversification

The correlation between Inogen Inc and DJI is 0.19 (i.e., Average 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

0.81	OM	Outset Medical	Pair Corr
0.72	OTC	Ocumetics Technology Corp	Pair Corr
0.79	XRAY	Dentsply Sirona	Pair Corr
0.65	688358	Chison Medical Techn	Pair Corr
0.63	600587	Shinva Medical Instrument	Pair Corr
0.64	688151	Hubei Huaqiang High	Pair Corr
0.66	688617	APT Medical	Pair Corr
0.68	300633	SonoScape Medical Corp	Pair Corr
0.63	688085	Shanghai Sanyou Medical	Pair Corr
0.62	LMAT	LeMaitre Vascular	Pair Corr

Moving against Inogen Stock

0.81	HAE	Haemonetics	Pair Corr
0.75	301370	GKHT Medical Technology	Pair Corr
0.56	688656	HOB Biotech Group	Pair Corr
0.38	688198	Beijing Balance Medical	Pair Corr
0.64	PROF	Profound Medical Corp	Pair Corr
0.63	PRN	Profound Medical Corp	Pair Corr
0.57	002950	Allmed Medical Products	Pair Corr
0.56	688607	CareRay Digital Medical	Pair Corr
0.47	MMSI	Merit Medical Systems	Pair Corr
0.37	002432	Andon Health	Pair Corr
0.35	NVST	Envista Holdings Corp	Pair Corr

Related Correlations Analysis

	NNOX	SNWV	OM	HSDT	SI	QTRX	CATX	EPRX	SGHT	HCAT
NNOX		0.36	0.5	0.43	0.08	0.06	0.31	-0.36	-0.46	0.55	NNOX
SNWV	0.36		-0.17	0.14	0.08	0.2	0.07	-0.04	0.1	-0.15	SNWV
OM	0.5	-0.17		0.57	-0.06	-0.65	0.45	-0.33	-0.92	0.72	OM
HSDT	0.43	0.14	0.57		-0.1	-0.37	0.79	-0.45	-0.62	0.52	HSDT
SI	0.08	0.08	-0.06	-0.1		0.18	-0.07	0.07	0.13	-0.09	SI
QTRX	0.06	0.2	-0.65	-0.37	0.18		-0.12	0.2	0.66	-0.34	QTRX
CATX	0.31	0.07	0.45	0.79	-0.07	-0.12		-0.07	-0.55	0.32	CATX
EPRX	-0.36	-0.04	-0.33	-0.45	0.07	0.2	-0.07		0.16	-0.66	EPRX
SGHT	-0.46	0.1	-0.92	-0.62	0.13	0.66	-0.55	0.16		-0.5	SGHT
HCAT	0.55	-0.15	0.72	0.52	-0.09	-0.34	0.32	-0.66	-0.5		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

CATX	+ 0.79	HSDT
HCAT	+ 0.72	OM
SGHT	+ 0.66	QTRX
HSDT	+ 0.57	OM
HCAT	+ 0.55	NNOX
HCAT	+ 0.52	HSDT

High negative correlations

SGHT	- 0.92	OM
HCAT	- 0.66	EPRX
QTRX	- 0.65	OM
SGHT	- 0.62	HSDT
SGHT	- 0.55	CATX
HCAT	- 0.5	SGHT

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	3.77	(0.47)	0.00	(0.15)	0.00	0.00	9.44	(6.06)	36.87
SNWV	2.74	(0.03)	(0.02)	0.03	3.46	(2.95)	5.42	(5.64)	26.31
OM	4.60	(1.51)	0.00	(1.03)	0.00	0.00	7.60	(10.93)	65.67
HSDT	6.55	(2.59)	0.00	(0.82)	0.00	0.00	11.52	(13.17)	48.37
SI	10.34	3.62	0.25	2.48	10.28	(12.56)	6.84	(5.61)	354.03
QTRX	3.06	0.48	0.20	0.38	2.39	(4.21)	7.89	(4.89)	17.58
CATX	4.04	(0.74)	0.00	(1.46)	0.00	0.00	6.25	(7.83)	31.85
EPRX	3.13	0.40	0.14	0.30	3.12	(3.78)	6.98	(4.46)	20.44
SGHT	3.94	1.01	0.35	0.41	2.75	(5.41)	10.73	(5.33)	44.62
HCAT	3.30	(0.20)	0.00	(0.05)	0.00	0.00	6.79	(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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