Inogen Total Risk Alpha
| INGN Stock | | | USD 7.12 0.01 0.14% |
Total Risk Alpha measures the excess return of an asset after comparing its performance to a benchmark portfolio matched to the same total risk level. Unlike Jensen Alpha, which adjusts for systematic risk (beta) only, Total Risk Alpha accounts for total volatility. Below is Inogen's current Total Risk Alpha with peer comparisons and related risk metrics.
Current Total Risk Alpha Value
The current Total Risk Alpha of 0.3625 places Inogen at positive alpha — return above what market exposure alone would predict. Inogen has generated modest excess return beyond what its systematic risk exposure explains.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.3625 | |
| ER[a] | = | Expected return on investing in Inogen |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Inogen |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Relative to peers, Inogen's Total Risk Alpha is above the group average of -0.26. Peer readings range from -0.8863 (Quanterix Corp) to 0.2885 (Helius Medical Technologies), reflecting tight clustering across the sector. Inogen has generated more excess return relative to its market exposure than the peer group average.
Total Risk Alpha Relative To Other Indicators
The chart below plots Total Risk Alpha against Maximum Drawdown for Inogen and its peers. Each point represents one equity — position along the horizontal axis shows Total Risk Alpha while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Inogen shows nearly
34.30 of Maximum Drawdown per unit of Total Risk Alpha (
0.36 versus
12.43 ). This indicates Maximum Drawdown substantially exceeds Total Risk Alpha for Inogen.
Methodology, Assumptions & Data Sources
Inogen's Total Risk Alpha currently stands at 0.3625. The Total Risk Alpha for Inogen applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
Other Technical Indicators