INCY vs WTBA: Correlation
Measured on weekly returns over the past three years, Incyte (INCY) and West Bancorporation (WTBA) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INCY and WTBA?
On 3 years of weekly data the INCY/WTBA correlation comes out at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 442.4 %².
By 3-year correlation, WTBA places #15 of the 35 assets tracked against INCY. Their 12-month results are close: +50.6% for INCY against +47.9% for WTBA.
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 WTBA: side by side
| INCY (Incyte) | WTBA (West Bancorporation) | |
|---|---|---|
| 1-year return | +50.6% | +47.9% |
| 5-year return | +68.0% | +16.8% |
| Volatility (ann.) | 33.1% | 30.5% |
| Beta vs S&P 500 | 0.45 | 0.75 |
| Max drawdown (3Y) | -33.8% | -26.9% |
| Market cap | $25.9B | $0.5B |
| P/E (trailing) | 16.3 | 12.6 |
| Dividend yield | 0.00% | 3.53% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | INCY | WTBA |
|---|---|---|
| 2022 | +9.4% | -14.4% |
| 2023 | -21.8% | -12.4% |
| 2024 | +10.0% | +7.7% |
| 2025 | +43.0% | +7.7% |
| 2026 | +29.3% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INCY and WTBA good diversifiers for each other?
Reasonably. At 0.44, INCY and WTBA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between INCY and WTBA?
The INCY/WTBA correlation stands at 0.44 on a 3-year window (1 year: 0.40, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is WTBA a good diversifier for INCY?
Reasonably. At 0.44, INCY and WTBA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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: INCY correlations · WTBA correlations
