BTAI vs IT: Correlation
BioXcel Therapeutics, Inc. (BTAI) and Gartner (IT) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTAI and IT?
On 3 years of weekly data the BTAI/IT correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.12) runs above the 3-year figure (-0.21). The 5-year figure is -0.13, and annualized covariance runs at -1379.9 %².
IT is close to the least connected end of BTAI's tracked universe, ranking #10 of 11. Their recent paths diverged sharply: over the last 12 months IT outperformed by 61.6 percentage points (-81.8% for BTAI against -20.2% for IT). Note the risk asymmetry: BTAI runs 4.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BTAI vs IT: side by side
| BTAI (BioXcel Therapeutics, Inc.) | IT (Gartner) | |
|---|---|---|
| 1-year return | -81.8% | -20.2% |
| 5-year return | -99.8% | -36.0% |
| Volatility (ann.) | 162.0% | 40.6% |
| Beta vs S&P 500 | 2.19 | 0.92 |
| Max drawdown (3Y) | -99.2% | -77.2% |
| Market cap | – | $12.4B |
| P/E (trailing) | – | 17.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | BTAI | IT |
|---|---|---|
| 2022 | +5.7% | +0.5% |
| 2023 | -86.3% | +34.2% |
| 2024 | -87.3% | +7.4% |
| 2025 | -73.3% | -47.9% |
| 2026 | -55.1% | -22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTAI and IT good diversifiers for each other?
Yes. With a correlation of -0.21, BTAI and IT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BTAI and IT?
The BTAI/IT correlation stands at -0.21 on a 3-year window (1 year: 0.12, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is IT a good diversifier for BTAI?
Yes. With a correlation of -0.21, BTAI and IT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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
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Related comparisons
Hubs: BTAI correlations · IT correlations
