INCY vs TRT: Correlation
Incyte (INCY) and Trio-Tech International (TRT) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INCY and TRT?
On 3 years of weekly data the INCY/TRT correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.24). The 5-year figure is -0.14, and annualized covariance runs at -857.3 %².
Out of 35 assets tracked against INCY, TRT lands near the bottom at #35. Their recent paths diverged sharply: over the last 12 months TRT outperformed by 244.9 percentage points (+50.6% for INCY against +295.5% for TRT). Risk is not evenly split, since TRT carries 3.2 times the volatility of the other side.
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 TRT: side by side
| INCY (Incyte) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +50.6% | +295.5% |
| 5-year return | +68.0% | +365.8% |
| Volatility (ann.) | 33.1% | 107.4% |
| Beta vs S&P 500 | 0.45 | 0.18 |
| Max drawdown (3Y) | -33.8% | -54.6% |
| Market cap | $25.9B | – |
| P/E (trailing) | 16.3 | 209.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | INCY | TRT |
|---|---|---|
| 2022 | +9.4% | -66.5% |
| 2023 | -21.8% | +12.7% |
| 2024 | +10.0% | +14.6% |
| 2025 | +43.0% | +127.9% |
| 2026 | +29.3% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INCY and TRT good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between INCY and TRT?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.39 over the last year and -0.14 over 5 years.
Is TRT a good diversifier for INCY?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/incy-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/incy-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INCY correlations · TRT correlations
