Correlation Between InfuSystems Holdings and Inogen
Can any of the company-specific risk be diversified away by investing in both InfuSystems Holdings and Inogen at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining InfuSystems Holdings and Inogen into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between InfuSystems Holdings and Inogen Inc, you can compare the effects of market volatilities on InfuSystems Holdings and Inogen and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in InfuSystems Holdings with a short position of Inogen. Check out your portfolio center. Please also check ongoing floating volatility patterns of InfuSystems Holdings and Inogen.
Diversification Opportunities for InfuSystems Holdings and Inogen
0.53 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between InfuSystems and Inogen is 0.53. Overlapping area represents the amount of risk that can be diversified away by holding InfuSystems Holdings and Inogen Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Inogen Inc and InfuSystems Holdings is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on InfuSystems Holdings are associated (or correlated) with Inogen. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Inogen Inc has no effect on the direction of InfuSystems Holdings i.e., InfuSystems Holdings and Inogen go up and down completely randomly.
Pair Corralation between InfuSystems Holdings and Inogen
Given the investment horizon of 90 days InfuSystems Holdings is expected to generate 1.22 times more return on investment than Inogen. However, InfuSystems Holdings is 1.22 times more volatile than Inogen Inc. It trades about 0.0 of its potential returns per unit of risk. Inogen Inc is currently generating about -0.06 per unit of risk. If you would invest 922.00 in InfuSystems Holdings on October 11, 2025 and sell it today you would lose (25.00) from holding InfuSystems Holdings or give up 2.71% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
InfuSystems Holdings vs. Inogen Inc
Performance |
| Timeline |
| InfuSystems Holdings |
| Inogen Inc |
InfuSystems Holdings and Inogen Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with InfuSystems Holdings and Inogen
The main advantage of trading using opposite InfuSystems Holdings and Inogen positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if InfuSystems Holdings position performs unexpectedly, Inogen 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 offset losses from the drop in Inogen's long position.| InfuSystems Holdings vs. Utah Medical Products | InfuSystems Holdings vs. OraSure Technologies | InfuSystems Holdings vs. Nyxoah | InfuSystems Holdings vs. Repro Med Systems |
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Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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