Incyte Stock Alpha and Beta Analysis

INCY -  USA Stock  

USD 65.65  0.18  0.27%

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Incyte Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Incyte Corp over a specified time horizon. Remember, high Incyte Corp's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please see Incyte Corp Backtesting, Incyte Corp Valuation, Incyte Corp Correlation, Incyte Corp Hype Analysis, Incyte Corp Volatility, Incyte Corp History and analyze Incyte Corp Performance.

Incyte Beta 

Please note that although Incyte Corp alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Incyte Corp did 0.24  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Incyte Corp stock's relative risk over its benchmark. Incyte Corp has a beta of 0.45  . Let's try to break down what Incyte's beta means in this case. As returns on the market increase, returns on owning Incyte Corp are expected to decrease at a much lower rate. During the bear market, Incyte Corp is likely to outperform the market.
Incyte Corp Book Value per Share is fairly stable at the moment as compared to the past year. Incyte Corp reported Book Value per Share of 11.97 in 2020. Price to Book Value is likely to rise to 7.87 in 2021, whereas Enterprise Value over EBIT is likely to drop (82.00)  in 2021.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Incyte Corp Quarterly Book Value per Share


Incyte Corp Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Incyte Corp market risk premium is the additional return an investor will receive from holding Incyte Corp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Incyte Corp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Incyte Corp's performance over market.
α-0.24   β-0.45
90 days against DJI

Incyte Corp expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Incyte Corp's Buy-and-hold return. Our buy-and-hold chart shows how Incyte Corp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Incyte Corp Market Price Analysis

Market price analysis indicators help investors to evaluate how Incyte Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Incyte Corp shares will generate the highest return on investment. By understating and applying Incyte Corp stock market price indicators, traders can identify Incyte Corp position entry and exit signals to maximize returns.

Incyte Corp Return and Market Media

The median price of Incyte Corp for the period between Thu, Jul 22, 2021 and Wed, Oct 20, 2021 is 74.7 with a coefficient of variation of 6.27. The daily time series for the period is distributed with a sample standard deviation of 4.58, arithmetic mean of 73.01, and mean deviation of 3.89. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
Sale by Vijay Iyengar of 4911 shares of Incyte Corp08/02/2021
EPS Reported08/03/2021
Sale by Dashyant Dhanak of 389 shares of Incyte Corp08/04/2021
Incyte falls 1.30 percent in Light Trading on August 9 - Equ...08/09/2021
SEC accuses pharma exec of shadow trading - Reuters08/17/2021
Incyte Corp exotic insider transaction detected08/24/2021
Sympathy TradingSEC Seeks To Expand Insider Trading Liabilit...08/31/2021
Sale by Dashyant Dhanak of 388 shares of Incyte Corp09/03/2021
Incyte falls 0.86 percent in Light Trading on September 8 - ...09/08/2021
Exercise or conversion by Paula Swain of 1356 shares of Incy...09/21/2021
Acquisition by Brawley Otis W of 5910 shares of Incyte Corp ...09/27/2021
Exercise or conversion by Maria Pasquale of 382 shares of In...09/28/2021
Acquisition by Brawley Otis W of 5910 shares of Incyte Corp ...09/29/2021
Acquisition by Jacqualyn Fouse of 271 shares of Incyte Corp ...09/30/2021
Sale by Dashyant Dhanak of 389 shares of Incyte Corp10/04/2021
Incyte Corp exotic insider transaction detected10/07/2021
Unclassified Event10/12/2021

About Incyte Corp Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Incyte Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2019 2020 2021 (projected)
Long Term Debt to Equity0.01230.01250.0128
Interest Coverage216.71195.04210.44

Incyte Corp Upcoming Company Events

As portrayed in its financial statements, the presentation of Incyte Corp's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Incyte Corp's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Incyte Corp's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Incyte Corp. Please utilize our Beneish M Score to check the likelihood of Incyte Corp's management manipulating its earnings.
Upcoming Quarterly Report2nd of November 2021
Next Earnings Report8th of February 2022
Next Fiscal Quarter End30th of September 2021
Next Fiscal Year End8th of February 2022
Last Quarter Report30th of June 2021
Last Earning Announcement30th of September 2020

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Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

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Please see Incyte Corp Backtesting, Incyte Corp Valuation, Incyte Corp Correlation, Incyte Corp Hype Analysis, Incyte Corp Volatility, Incyte Corp History and analyze Incyte Corp Performance. 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 Equity Search module to search for activelly traded equities including funds and ETFs from over 30 global markets.

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Incyte Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Incyte Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Incyte Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...