CATY vs INCY: Correlation
Cathay General Bancorp (CATY) and Incyte (INCY) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CATY and INCY?
Across a 3-year window, the weekly returns of CATY and INCY correlate at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 405.8 %².
Within CATY's tracked universe of 28 assets, INCY comes in at #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with INCY ahead by 23.9 points (+26.7% versus +50.6%).
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.
CATY vs INCY: side by side
| CATY (Cathay General Bancorp) | INCY (Incyte) | |
|---|---|---|
| 1-year return | +26.7% | +50.6% |
| 5-year return | +83.2% | +68.0% |
| Volatility (ann.) | 26.8% | 33.1% |
| Beta vs S&P 500 | 0.82 | 0.45 |
| Max drawdown (3Y) | -29.7% | -33.8% |
| Market cap | $4.1B | $25.9B |
| P/E (trailing) | 12.1 | 16.3 |
| Dividend yield | 2.39% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | CATY | INCY |
|---|---|---|
| 2022 | -2.1% | +9.4% |
| 2023 | +13.5% | -21.8% |
| 2024 | +10.3% | +10.0% |
| 2025 | +4.6% | +43.0% |
| 2026 | +30.2% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CATY and INCY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CATY and INCY?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.49 over the last year and 0.34 over 5 years.
Is INCY a good diversifier for CATY?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/caty-vs-incy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/caty-vs-incy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CATY correlations · INCY correlations
