GEG vs INCY: Correlation
How closely do Great Elm Group, Inc. (GEG) and Incyte (INCY) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEG and INCY?
On 3 years of weekly data the GEG/INCY correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.33) runs below the 3-year figure (-0.19). The 5-year figure is -0.11, and annualized covariance runs at -207.9 %².
Among the 16 assets we track against GEG, INCY ranks #10 by 3-year correlation. The last year tells two different stories: INCY led by 61.0 percentage points, -10.4% for GEG against +50.6% for INCY.
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.
GEG vs INCY: side by side
| GEG (Great Elm Group, Inc.) | INCY (Incyte) | |
|---|---|---|
| 1-year return | -10.4% | +50.6% |
| 5-year return | -7.3% | +68.0% |
| Volatility (ann.) | 33.0% | 33.1% |
| Beta vs S&P 500 | 0.15 | 0.45 |
| Max drawdown (3Y) | -41.4% | -33.8% |
| Market cap | $0.1B | $25.9B |
| P/E (trailing) | – | 16.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | GEG | INCY |
|---|---|---|
| 2022 | -3.3% | +9.4% |
| 2023 | -4.0% | -21.8% |
| 2024 | -6.7% | +10.0% |
| 2025 | +40.9% | +43.0% |
| 2026 | -15.7% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEG and INCY good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between GEG and INCY?
The GEG/INCY correlation stands at -0.19 on a 3-year window (1 year: -0.33, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is INCY a good diversifier for GEG?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 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: GEG correlations · INCY correlations
