Inogen Inc Stock Market Value

INGN Stock  USD 7.97  0.23  2.97%   
Inogen's market value is the price at which a share of Inogen trades on a public exchange. It measures the collective expectations of Inogen Inc investors about its performance. Inogen is selling at 7.97 as of the 28th of March 2024; that is 2.97 percent up since the beginning of the trading day. The stock's open price was 7.74.
With this module, you can estimate the performance of a buy and hold strategy of Inogen Inc and determine expected loss or profit from investing in Inogen over a given investment horizon. Check out Inogen Correlation, Inogen Volatility and Inogen Alpha and Beta module to complement your research on Inogen.
Symbol

Inogen Inc Price To Book Ratio

Is Inogen's industry 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
(4.42)
Revenue Per Share
13.62
Quarterly Revenue Growth
(0.14)
Return On Assets
(0.11)
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.
0.00
07/07/2022
No Change 0.00  0.0 
In 1 year 8 months and 22 days
03/28/2024
0.00
If you would invest  0.00  in Inogen on July 7, 2022 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 630 days. Inogen is related to or competes with EUDA Health, Cigna Corp, Definitive Healthcare, Guardant Health, Laboratory, and Mednax. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Inogen's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.207.2614.32
Details
Intrinsic
Valuation
LowRealHigh
0.167.2214.28
Details
Naive
Forecast
LowNextHigh
2.729.7816.85
Details
4 Analysts
Consensus
LowTargetHigh
7.288.008.88
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Inogen. Your research has to be compared to or analyzed against Inogen's peers to derive any actionable benefits. When done correctly, Inogen's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Inogen Inc.

Inogen Inc Backtested Returns

Inogen appears to be relatively risky, given 3 months investment horizon. Inogen Inc holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. By evaluating Inogen's technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please utilize Inogen's Downside Deviation of 7.53, market risk adjusted performance of 0.9217, and Risk Adjusted Performance of 0.0648 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Inogen holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 0.74, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Inogen's returns are expected to increase less than the market. However, during the bear market, the loss of holding Inogen is expected to be smaller as well. Please check Inogen's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Inogen's current trending patterns will revert.

Auto-correlation

    
  0.38  

Below average predictability

Inogen Inc has below average predictability. Overlapping area represents the amount of predictability between Inogen time series from 7th of July 2022 to 18th of May 2023 and 18th of May 2023 to 28th of March 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 0.38 indicates that just about 38.0% of current Inogen price fluctuation can be explain by its past prices.
Correlation Coefficient0.38
Spearman Rank Test0.33
Residual Average0.0
Price Variance4.42

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  

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When determining whether Inogen Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Inogen's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Inogen Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Inogen Inc Stock:
Check out Inogen Correlation, Inogen Volatility and Inogen Alpha and Beta module to complement your research on Inogen.
Note that the Inogen Inc information on this page should be used as a complementary analysis to other Inogen's statistical models used 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Inogen's price analysis, check to measure Inogen's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Inogen is operating at the current time. Most of Inogen's value examination focuses on studying past and present price action to predict the probability of Inogen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inogen's price. Additionally, you may evaluate how the addition of Inogen to your portfolios can decrease your overall portfolio volatility.
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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.
A focus of Inogen technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Inogen trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...