INGN vs OPFI: Correlation
How closely do Inogen, Inc (INGN) and OppFi Inc. (OPFI) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INGN and OPFI?
On 3 years of weekly data the INGN/OPFI correlation comes out at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. The 5-year figure is 0.29, and annualized covariance runs at 1840.6 %².
Among the 13 assets we track against INGN, OPFI ranks #6 by 3-year correlation. Their 12-month results are close: -30.5% for INGN against -29.6% for OPFI.
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 OPFI: side by side
| INGN (Inogen, Inc) | OPFI (OppFi Inc.) | |
|---|---|---|
| 1-year return | -30.5% | -29.6% |
| 5-year return | -90.7% | -1.0% |
| Volatility (ann.) | 64.0% | 68.6% |
| Beta vs S&P 500 | 1.24 | 1.38 |
| Max drawdown (3Y) | -57.6% | -59.9% |
| Market cap | $0.1B | $0.6B |
| P/E (trailing) | – | 2.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INGN | OPFI |
|---|---|---|
| 2022 | -42.0% | -54.8% |
| 2023 | -72.1% | +149.8% |
| 2024 | +67.0% | +56.0% |
| 2025 | -26.7% | +40.9% |
| 2026 | -18.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INGN and OPFI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between INGN and OPFI?
As of 2026-08-27, the correlation of weekly returns between INGN and OPFI is 0.42 over 3 years, 0.39 over 1 year and 0.29 over 5 years.
Is OPFI a good diversifier for INGN?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: INGN correlations · OPFI correlations
