Incyte Stock Performance

INCY -  USA Stock  

USD 64.75  0.81  1.24%

The company retains a Market Volatility (i.e., Beta) of 0.2512, which attests to not very significant fluctuations relative to the market. Let's try to break down what Incyte's beta means in this case. As returns on the market increase, Incyte Corp returns are expected to increase less than the market. However, during the bear market, the loss on holding Incyte Corp will be expected to be smaller as well. Even though it is essential to pay attention to Incyte Corp current price history, it is always good to be careful when utilizing equity current price movements. Our philosophy towards determining any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Incyte Corp exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Incyte Corp has an expected return of -0.28%. Please be advised to check out Incyte Corp potential upside, and the relationship between the jensen alpha and accumulation distribution to decide if Incyte Corp performance from the past will be repeated at some point in the near future.

Incyte Stock Performance 

 
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 Incyte Performance
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Over the last 90 days Incyte Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's fundamental indicators remain fairly strong which may send shares a bit higher in November 2021. The current disturbance may also be a sign of long term up-swing for the company investors. ...more

Incyte Price Channel

Quick Ratio3.73
Fifty Two Week Low64.08
Target High Price130.00
Fifty Two Week High101.47
Target Low Price67.00

Incyte Corp Relative Risk vs. Return Landscape

If you would invest  7,921  in Incyte Corp on July 20, 2021 and sell it today you would lose (1,365)  from holding Incyte Corp or give up 17.23% of portfolio value over 90 days. Incyte Corp is currently does not generate positive expected returns and assumes 1.5673% risk (volatility on return distribution) over the 90 days horizon. In different words, 13% of stocks are less volatile than Incyte, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 90 days Incyte Corp is expected to under-perform the market. In addition to that, the company is 2.18 times more volatile than its market benchmark. It trades about -0.18 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.05 per unit of volatility.

Incyte Corp Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Incyte Corp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Incyte Corp, and traders can use it to determine the average amount a Incyte Corp's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.1804

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Negative ReturnsINCY
Estimated Market Risk
 1.57
  actual daily
 
 13 %
of total potential
 
1313
Expected Return
 -0.28
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 0 %
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Risk-Adjusted Return
 -0.18
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Based on monthly moving average Incyte Corp is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Incyte Corp by adding it to a well-diversified portfolio.

About Incyte Corp Performance

To evaluate Incyte Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Incyte Corp generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Incyte Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Incyte Corp stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Incyte's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2021
Effect of Exchange Rate Changes on Cash2.9 M3.2 M
Return on Investment(8.34) (9.00) 
Return on Average Assets(0.09) (0.1) 
Return on Average Equity(0.13) (0.13) 
Return on Invested Capital(0.23) (0.24) 
Return on Sales(0.09) (0.09) 
Incyte Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of proprietary therapeutics in the United States and internationally. The company was incorporated in 1991 and is headquartered in Wilmington, Delaware. Incyte Corp operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 1773 people.

Things to note about Incyte Corp

Checking the ongoing alerts about Incyte Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Incyte Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Incyte Corp Alerts

Equity Alerts and Improvement Suggestions

Incyte Corp generated a negative expected return over the last 90 days
Incyte Corp has high likelihood to experience some financial distress in the next 2 years
Incyte Corp has a poor financial position based on the latest SEC disclosures
Over 94.0% of the company shares are owned by institutional investors
Latest headline from MacroaxisInsider: Sale by Dashyant Dhanak of 389 shares of Incyte Corp
Please see Risk vs Return Analysis. Note that the Incyte Corp information on this page should be used as a complementary analysis to other Incyte Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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When running Incyte Corp price analysis, check to measure Incyte Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Incyte Corp is operating at the current time. Most of Incyte Corp's value examination focuses on studying past and present price action to predict the probability of Incyte Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Incyte Corp's price. Additionally, you may evaluate how the addition of Incyte Corp to your portfolios can decrease your overall portfolio volatility.
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The market value of Incyte Corp is measured differently than its book value, which is the value of Incyte that is recorded on the company's balance sheet. Investors also form their own opinion of Incyte Corp's value that differs from its market value or its book value, called intrinsic value, which is Incyte Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Incyte Corp's market value can be influenced by many factors that don't directly affect Incyte Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Incyte Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Incyte Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Incyte Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.