INCY vs YHGJ: Correlation
Incyte (INCY) and Yunhong Green CTI Ltd. (YHGJ) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INCY and YHGJ?
On 3 years of weekly data the INCY/YHGJ correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.13 over 1 year against -0.21 over 3. The 5-year figure is -0.17, and annualized covariance runs at -630.9 %².
Among the 35 assets we track against INCY, YHGJ sits near the bottom by co-movement, at rank #32. The last year tells two different stories: INCY led by 95.5 percentage points, +50.6% for INCY against -44.9% for YHGJ. Note the risk asymmetry: YHGJ runs 2.7 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 YHGJ: side by side
| INCY (Incyte) | YHGJ (Yunhong Green CTI Ltd.) | |
|---|---|---|
| 1-year return | +50.6% | -44.9% |
| 5-year return | +68.0% | -85.6% |
| Volatility (ann.) | 33.1% | 90.5% |
| Beta vs S&P 500 | 0.45 | -0.69 |
| Max drawdown (3Y) | -33.8% | -91.7% |
| Market cap | $25.9B | – |
| P/E (trailing) | 16.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | INCY | YHGJ |
|---|---|---|
| 2022 | +9.4% | -12.6% |
| 2023 | -21.8% | +105.8% |
| 2024 | +10.0% | -74.3% |
| 2025 | +43.0% | -34.0% |
| 2026 | +29.3% | -19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INCY and YHGJ good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between INCY and YHGJ?
As of 2026-08-27, the correlation of weekly returns between INCY and YHGJ is -0.21 over 3 years, -0.13 over 1 year and -0.17 over 5 years.
Is YHGJ a good diversifier for INCY?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/incy-vs-yhgj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/incy-vs-yhgj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INCY correlations · YHGJ correlations
