INCY vs KGEI: Correlation
Incyte (INCY) and Kolibri Global Energy Inc. (KGEI) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INCY and KGEI?
On 3 years of weekly data the INCY/KGEI correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.19). The 5-year figure is 0.01, and annualized covariance runs at -318.2 %².
Among the 35 assets we track against INCY, KGEI ranks #29 by 3-year correlation. Correlation aside, the last 12 months split them widely, with INCY ahead by 45.0 points (+50.6% versus +5.6%). Note the risk asymmetry: KGEI runs 1.5 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.
INCY vs KGEI: side by side
| INCY (Incyte) | KGEI (Kolibri Global Energy Inc.) | |
|---|---|---|
| 1-year return | +50.6% | +5.6% |
| 5-year return | +68.0% | +631.2% |
| Volatility (ann.) | 33.1% | 51.1% |
| Beta vs S&P 500 | 0.45 | 0.13 |
| Max drawdown (3Y) | -33.8% | -64.7% |
| Market cap | $25.9B | $0.2B |
| P/E (trailing) | 16.3 | 10.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | INCY | KGEI |
|---|---|---|
| 2022 | +9.4% | +391.7% |
| 2023 | -21.8% | +27.1% |
| 2024 | +10.0% | +41.9% |
| 2025 | +43.0% | -26.1% |
| 2026 | +29.3% | +48.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INCY and KGEI good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between INCY and KGEI?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.36 over the last year and 0.01 over 5 years.
Is KGEI a good diversifier for INCY?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/incy-vs-kgei.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/incy-vs-kgei/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INCY correlations · KGEI correlations
