INCY vs NWFL: Correlation
Incyte (INCY) and Norwood Financial Corp. (NWFL) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INCY and NWFL?
Over the past 3 years, INCY and NWFL moved with a correlation of 0.48, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.31 versus 0.48 over 3 years. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 499.7 %².
NWFL is one of the assets that tracks INCY most closely: it ranks #3 out of the 35 assets we track against INCY. Their recent paths diverged sharply: over the last 12 months INCY outperformed by 16.3 percentage points (+50.6% for INCY against +34.3% for NWFL).
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 NWFL: side by side
| INCY (Incyte) | NWFL (Norwood Financial Corp.) | |
|---|---|---|
| 1-year return | +50.6% | +34.3% |
| 5-year return | +68.0% | +65.8% |
| Volatility (ann.) | 33.1% | 31.4% |
| Beta vs S&P 500 | 0.45 | 0.64 |
| Max drawdown (3Y) | -33.8% | -33.6% |
| Market cap | $25.9B | $0.4B |
| P/E (trailing) | 16.3 | 11.7 |
| Dividend yield | 0.00% | 3.78% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | INCY | NWFL |
|---|---|---|
| 2022 | +9.4% | +34.1% |
| 2023 | -21.8% | +2.4% |
| 2024 | +10.0% | -13.6% |
| 2025 | +43.0% | +8.4% |
| 2026 | +29.3% | +25.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INCY and NWFL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between INCY and NWFL?
The INCY/NWFL correlation stands at 0.48 on a 3-year window (1 year: 0.31, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is NWFL a good diversifier for INCY?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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-nwfl.json
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Related comparisons
Hubs: INCY correlations · NWFL correlations
