Inogen Inc Stock Market Value
| INGN Stock | USD 8.31 0.19 2.24% |
| Symbol | Inogen |
Inogen Inc Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Inogen. If investors know Inogen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Inogen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.873 | Earnings Share (2.25) | Revenue Per Share 14.095 | Quarterly Revenue Growth 0.058 | Return On Assets (0.1) |
The market value of Inogen Inc is measured differently than its book value, which is the value of Inogen that is recorded on the company's balance sheet. Investors also form their own opinion of Inogen's value that differs from its market value or its book value, called intrinsic value, which is Inogen's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Inogen's market value can be influenced by many factors that don't directly affect Inogen's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Inogen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Inogen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inogen's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Inogen 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Inogen's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Inogen.
| 12/26/2023 |
| 12/20/2024 |
If you would invest 0.00 in Inogen on December 26, 2023 and sell it all today you would earn a total of 0.00 from holding Inogen Inc or generate 0.0% return on investment in Inogen over 360 days. Inogen is related to or competes with Neuropace, SurModics, Pulmonx Corp, Apyx Medical, CVRx, Orthofix Medical, and Artivion. Inogen, Inc., a medical technology company, develops, manufactures, and markets portable oxygen concentrators to patient... More
Inogen Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Inogen's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Inogen Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 24.03 | |||
| Value At Risk | (5.27) | |||
| Potential Upside | 3.91 |
Inogen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inogen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inogen's standard deviation. In reality, there are many statistical measures that can use Inogen historical prices to predict the future Inogen's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.23) |
Inogen Inc Backtested Returns
Inogen Inc holds Efficiency (Sharpe) Ratio of -0.0839, which attests that the entity had a -0.0839% return per unit of risk over the last 3 months. Inogen Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Inogen's Market Risk Adjusted Performance of (0.22), standard deviation of 3.28, and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.5, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Inogen will likely underperform. At this point, Inogen Inc has a negative expected return of -0.28%. Please make sure to check out Inogen's jensen alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Inogen Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.45 |
Average predictability
Inogen Inc has average predictability. Overlapping area represents the amount of predictability between Inogen time series from 26th of December 2023 to 23rd of June 2024 and 23rd of June 2024 to 20th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Inogen Inc price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Inogen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 1.76 |
Inogen Inc lagged returns against current returns
Autocorrelation, which is Inogen stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Inogen's stock expected returns. We can calculate the autocorrelation of Inogen returns to help us make a trade decision. For example, suppose you find that Inogen has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Inogen regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Inogen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inogen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inogen stock over time.
Current vs Lagged Prices |
| Timeline |
Inogen Lagged Returns
When evaluating Inogen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inogen stock have on its future price. Inogen autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Inogen autocorrelation shows the relationship between Inogen stock current value and its past values and can show if there is a momentum factor associated with investing in Inogen Inc.
Regressed Prices |
| Timeline |
Pair Trading with Inogen
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Inogen position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Inogen will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Inogen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inogen when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Inogen - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Inogen Inc to buy it.
The correlation of Inogen is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Inogen can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Inogen Correlation, Inogen Volatility and Inogen Alpha and Beta module to complement your research on Inogen. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Inogen technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.