PPIH vs. XGN
PPIH (Perma-Pipe International Holdings, Inc.) and XGN (Exagen Inc.) are both stocks. PPIH operates in Building Products & Equipment (Industrials), while XGN operates in Diagnostics & Research (Healthcare). Over the past 5 years, PPIH returned 28.51%/yr vs -17.59%/yr for XGN. Their 0.07 correlation means their historical movements had little consistent relationship.
Performance
PPIH vs. XGN - Performance Comparison
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Returns By Period
In the year-to-date period, PPIH achieves a -20.45% return, which is significantly higher than XGN's -25.49% return.
PPIH
- 1D
- -0.45%
- 1M
- -5.15%
- 6M
- -16.38%
- YTD
- -20.45%
- 1Y
- 14.45%
- 3Y*
- 45.13%
- 5Y*
- 28.51%
- 10Y*
- 12.24%
- ALL TIME*
- 13.22%
XGN
- 1D
- -3.00%
- 1M
- -0.22%
- 6M
- 23.10%
- YTD
- -25.49%
- 1Y
- -47.51%
- 3Y*
- 21.91%
- 5Y*
- -17.59%
- 10Y*
- —
- ALL TIME*
- -17.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.71M | $1.85M | $3.38M | |
XGN Exagen Inc. | $1.07M | $1.02M | $1.70M |
PPIH vs. XGN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PPIH Perma-Pipe International Holdings, Inc. | -20.45% | 103.08% | 88.36% | -16.01% | 8.87% | 42.53% | -35.07% | 3.99% |
XGN Exagen Inc. | -25.49% | 48.29% | 106.03% | -17.08% | -79.36% | -11.89% | -48.03% | 51.19% |
Correlation
The correlation between PPIH and XGN is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2019 | 0.07 |
The correlation between PPIH and XGN shifts across timeframes, from 0.07 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
PPIH:
$196.24M
XGN:
$109.44M
PPIH:
$1.69
XGN:
-$0.89
PPIH:
0.92
XGN:
1.51
PPIH:
2.16
XGN:
7.49
PPIH:
$214.44M
XGN:
$68.38M
PPIH:
$67.40M
XGN:
$39.88M
PPIH:
$30.14M
XGN:
-$15.91M
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Return for Risk
PPIH vs. XGN — Risk / Return Rank
PPIH
XGN
PPIH vs. XGN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Perma-Pipe International Holdings, Inc. (PPIH) and Exagen Inc. (XGN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PPIH | XGN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.91 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | -0.59 | +0.86 |
| Martin ratioReturn relative to average drawdown | 0.55 | -0.86 | +1.41 |
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Drawdowns
PPIH vs. XGN - Drawdown Comparison
The maximum PPIH drawdown since its inception was -58.53%, smaller than the maximum XGN drawdown of -95.22%. Use the drawdown chart below to compare losses from any high point for PPIH and XGN.
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Drawdown Indicators
| PPIH | XGN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.53% | -95.22% | +36.69% |
Max Drawdown (1Y)Largest decline over 1 year | -34.17% | -77.84% | +43.67% |
Max Drawdown (3Y)Largest decline over 3 years | -45.77% | -77.84% | +32.07% |
Max Drawdown (5Y)Largest decline over 5 years | -58.53% | -90.58% | +32.05% |
Max Drawdown (10Y)Largest decline over 10 years | -58.53% | — | — |
Current DrawdownCurrent decline from peak | -31.57% | -84.09% | +52.52% |
Average DrawdownAverage peak-to-trough decline | -20.63% | -71.09% | +50.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.45% | 53.41% | -36.96% |
Volatility
PPIH vs. XGN - Volatility Comparison
The current volatility for Perma-Pipe International Holdings, Inc. (PPIH) is 12.56%, while Exagen Inc. (XGN) has a volatility of 23.42%. This indicates that PPIH experiences smaller price fluctuations and is considered to be less risky than XGN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPIH | XGN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.56% | 23.42% | -10.86% |
Volatility (6M)Calculated over the trailing 6-month period | 40.83% | 60.11% | -19.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.77% | 71.60% | -8.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.11% | 83.50% | -25.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.48% | 88.27% | -40.79% |
Dividends
PPIH vs. XGN - Dividend Comparison
Neither PPIH nor XGN has paid dividends to shareholders.
Financials
PPIH vs. XGN - Financials Comparison
This section allows you to compare key financial metrics between Perma-Pipe International Holdings, Inc. and Exagen Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PPIH vs. XGN - Profitability Comparison
PPIH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Perma-Pipe International Holdings, Inc. reported a gross profit of 14.64M and revenue of 50.27M. Therefore, the gross margin over that period was 29.1%.
XGN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Exagen Inc. reported a gross profit of 10.21M and revenue of 17.31M. Therefore, the gross margin over that period was 59.0%.
PPIH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Perma-Pipe International Holdings, Inc. reported an operating income of 4.64M and revenue of 50.27M, resulting in an operating margin of 9.2%.
XGN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Exagen Inc. reported an operating income of -3.41M and revenue of 17.31M, resulting in an operating margin of -19.7%.
PPIH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Perma-Pipe International Holdings, Inc. reported a net income of 1.80M and revenue of 50.27M, resulting in a net margin of 3.6%.
XGN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Exagen Inc. reported a net income of -3.97M and revenue of 17.31M, resulting in a net margin of -22.9%.
Frequently Asked Questions
PPIH and XGN have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XGN has higher volatility (23.42%) compared to PPIH (12.56%). In terms of maximum drawdown, PPIH dropped -58.53% vs XGN's -95.22%.
PPIH currently has the higher Sharpe Ratio (0.14 vs -0.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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