Inogen Correlations

INGN Stock

USD 7.26 0.47 6.92%

The current 90-days correlation between Inogen Inc and Nano X Imaging is 0.3 (i.e., Weak 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

Weak diversification

The correlation between Inogen Inc and DJI is 0.31 (i.e., Weak 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

0.94	OM	Outset Medical Upward Rally	Pair Corr
0.62	KNTK	Kinetik Holdings	Pair Corr
0.76	GOOD	Gladstone Commercial	Pair Corr
0.72	PG	Procter Gamble	Pair Corr
0.85	HPQ	HP Inc	Pair Corr

Moving against Inogen Stock

0.93	MRLWF	Marlowe Plc	Pair Corr
0.85	CSCO	Cisco Systems	Pair Corr
0.79	FTV	Fortive Corp	Pair Corr
0.78	XOM	Exxon Mobil Corp	Pair Corr
0.78	TRV	The Travelers Companies	Pair Corr
0.76	CAT	Caterpillar	Pair Corr
0.76	JNJ	Johnson Johnson	Pair Corr
0.7	DHR	Danaher	Pair Corr
0.66	BAC	Bank of America Earnings Call This Week	Pair Corr
0.65	KO	Coca Cola Sell-off Trend	Pair Corr
0.65	AXP	American Express	Pair Corr
0.63	AMPH	Amphastar P	Pair Corr
0.63	MMSI	Merit Medical Systems	Pair Corr
0.59	AA	Alcoa Corp	Pair Corr
0.56	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.5	WMT	Walmart Common Stock	Pair Corr
0.46	MMM	3M Company	Pair Corr
0.35	ISRMF	iShares MSCI	Pair Corr
0.31	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	NNOX	SNWV	OM	HSDT	SI	QTRX	CATX	EPRX	SGHT	HCAT
NNOX		0.41	0.51	0.52	0.05	0.1	0.4	-0.55	-0.5	0.61	NNOX
SNWV	0.41		0.05	0.43	0.05	0.13	0.19	-0.08	-0.17	-0.03	SNWV
OM	0.51	0.05		0.73	-0.11	-0.64	0.57	-0.65	-0.93	0.8	OM
HSDT	0.52	0.43	0.73		-0.15	-0.36	0.76	-0.33	-0.84	0.4	HSDT
SI	0.05	0.05	-0.11	-0.15		0.2	-0.12	0.05	0.19	-0.11	SI
QTRX	0.1	0.13	-0.64	-0.36	0.2		-0.18	0.28	0.67	-0.37	QTRX
CATX	0.4	0.19	0.57	0.76	-0.12	-0.18		-0.11	-0.68	0.32	CATX
EPRX	-0.55	-0.08	-0.65	-0.33	0.05	0.28	-0.11		0.54	-0.71	EPRX
SGHT	-0.5	-0.17	-0.93	-0.84	0.19	0.67	-0.68	0.54		-0.62	SGHT
HCAT	0.61	-0.03	0.8	0.4	-0.11	-0.37	0.32	-0.71	-0.62		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	+ 0.8	OM
CATX	+ 0.76	HSDT
HSDT	+ 0.73	OM
SGHT	+ 0.67	QTRX
HCAT	+ 0.61	NNOX
CATX	+ 0.57	OM

High negative correlations

SGHT	- 0.93	OM
SGHT	- 0.84	HSDT
HCAT	- 0.71	EPRX
SGHT	- 0.68	CATX
EPRX	- 0.65	OM
QTRX	- 0.64	OM

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	3.97	(0.37)	0.00	(0.09)	0.00	0.00	9.44	(6.06)	36.87
SNWV	3.17	(0.35)	0.00	(0.25)	0.00	0.00	5.82	(7.75)	30.64
OM	4.57	(1.51)	0.00	(1.02)	0.00	0.00	6.42	(10.93)	65.67
HSDT	6.61	(2.30)	0.00	(0.58)	0.00	0.00	11.70	(13.17)	48.50
SI	9.86	3.45	0.24	2.55	10.01	(11.62)	7.30	(5.78)	354.03
QTRX	2.82	0.14	0.07	0.17	2.57	(3.72)	7.61	(4.89)	17.58
CATX	4.35	(0.03)	0.00	0.11	0.00	0.00	8.14	(7.83)	54.86
EPRX	2.62	0.40	0.10	4.01	2.91	(3.03)	6.71	(3.94)	20.44
SGHT	3.90	1.31	0.41	0.97	2.56	(5.38)	10.73	(5.33)	44.62
HCAT	3.25	(0.37)	0.00	(0.07)	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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