INGN vs OGEN: Correlation
Measured on weekly returns over the past three years, Inogen, Inc (INGN) and Oragenics Inc. (OGEN) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INGN and OGEN?
Across a 3-year window, the weekly returns of INGN and OGEN correlate at 0.40, moderate. The link has loosened recently: the 1-year correlation (0.22) runs below the 3-year figure (0.40). Stretching to 5 years gives 0.35, with an annualized covariance of 3099.1 %².
By 3-year correlation, OGEN places #7 of the 13 assets tracked against INGN. The last year tells two different stories: INGN led by 21.1 percentage points, -30.5% for INGN against -51.6% for OGEN. One caveat on sizing: OGEN is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
INGN vs OGEN: side by side
| INGN (Inogen, Inc) | OGEN (Oragenics Inc.) | |
|---|---|---|
| 1-year return | -30.5% | -51.6% |
| 5-year return | -90.7% | -100.0% |
| Volatility (ann.) | 64.0% | 122.0% |
| Beta vs S&P 500 | 1.24 | 1.97 |
| Max drawdown (3Y) | -57.6% | -99.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 0.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INGN | OGEN |
|---|---|---|
| 2022 | -42.0% | -75.6% |
| 2023 | -72.1% | -14.7% |
| 2024 | +67.0% | -93.4% |
| 2025 | -26.7% | -93.0% |
| 2026 | -18.0% | -31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INGN and OGEN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between INGN and OGEN?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.22 over the last year and 0.35 over 5 years.
Is OGEN a good diversifier for INGN?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: INGN correlations · OGEN correlations
