BSBK vs INCY: Correlation
How closely do Bogota Financial Corp. (BSBK) and Incyte (INCY) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSBK and INCY?
Over the past 3 years, BSBK and INCY moved with a correlation of 0.33, which is moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 233.0 %².
In BSBK's tracked universe of 14 assets, INCY sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months INCY outperformed by 51.7 percentage points (-1.1% for BSBK against +50.6% for INCY). One caveat on sizing: INCY is 1.6 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.
BSBK vs INCY: side by side
| BSBK (Bogota Financial Corp.) | INCY (Incyte) | |
|---|---|---|
| 1-year return | -1.1% | +50.6% |
| 5-year return | -12.7% | +68.0% |
| Volatility (ann.) | 21.2% | 33.1% |
| Beta vs S&P 500 | 0.12 | 0.45 |
| Max drawdown (3Y) | -21.6% | -33.8% |
| Market cap | $0.1B | $25.9B |
| P/E (trailing) | 43.4 | 16.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BSBK | INCY |
|---|---|---|
| 2022 | +9.8% | +9.4% |
| 2023 | -28.0% | -21.8% |
| 2024 | -6.8% | +10.0% |
| 2025 | +12.7% | +43.0% |
| 2026 | +7.9% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSBK and INCY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BSBK and INCY?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.42 over the last year and 0.29 over 5 years.
Is INCY a good diversifier for BSBK?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bsbk-vs-incy.json
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Related comparisons
Hubs: BSBK correlations · INCY correlations
