Biotechnology: Commercial Physical & Biological Resarch

Incyte Corp. vs Medpace Holdings Inc.

WatchlistINCY / MEDPPrices through Oct 22, 2026

Why these are rivals: #2 and #3 by market value ($23B vs $17B) in Nasdaq's "Biotechnology: Commercial Physical & Biological Resarch" industry; SEC SIC 8731 / 8731 (same major group); #2 and #3 by market value ($23B vs $17B) with SEC SIC 8731 (Services-Commercial Physical & Biological Research).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Co-movement: daily return correlation, 252 sessions: 0.31 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -2.34 (needs <= -2.873 (5% critical value))
Business leadership

INCY is the larger business

Annual revenue reported to the SEC. Scale, not market share.

YearINCYMEDPLarger
2025$5.1B$2.5BINCY
2024$4.2B$2.1BINCY
2023$3.7B$1.9BINCY
2022$3.4B$1.5BINCY
2021$3.0B$1.1BINCY
2020$2.7B$926MINCY

INCY led in every year with figures for both. Market value: INCY $23.0B, MEDP $17.3B.

Stock leadership

MEDP is ahead now

Measured against the pair's own last 252 trading days.

MEDP leads INCY by 0.92 standard deviations: +10.7% over its usual price ratio. 2 lead switches in the last year.

Price change3 mo6 mo12 mo
INCY-0.6%+22.5%+33.9%
MEDP+8.7%+66.2%+19.9%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2521 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: 0.31 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -2.34 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 16.22 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

INCY Incyte Corp. MEDP Medpace Holdings Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100150200Oct 2024Oct 2025Oct 2026
Spread z-score: INCY relative to MEDP, against the 252 sessions before each day. Above 0: INCY ahead; below 0: MEDP ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateINCY indexMEDP indexzAhead
2026-10-22176.13183.49-0.92MEDP ahead
2026-10-21170.87185.88-1.31MEDP ahead
2026-10-20175.65174.64-0.49near the usual relationship
2026-10-19170.58173.87-0.70MEDP ahead
2026-10-16170.31173.53-0.70MEDP ahead
2026-10-15170.61176.37-0.82MEDP ahead
2026-10-14168.05173.02-0.78MEDP ahead
2026-10-13163.61171.13-0.91MEDP ahead
2026-10-12167.74173.98-0.83MEDP ahead
2026-10-09169.89171.73-0.60MEDP ahead
2026-10-08169.83169.11-0.46near the usual relationship
2026-10-07170.87169.54-0.42near the usual relationship
2026-10-06169.80169.16-0.45near the usual relationship
2026-10-05171.91174.10-0.58MEDP ahead
2026-10-02173.67168.20-0.19near the usual relationship
2026-10-01176.44167.81-0.03near the usual relationship
2026-09-30182.78175.13-0.09near the usual relationship
2026-09-29185.57174.55+0.07near the usual relationship
2026-09-28188.01172.82+0.27near the usual relationship
2026-09-25186.61173.65+0.18near the usual relationship
2026-09-24187.44174.13+0.19near the usual relationship
2026-09-23187.74173.16+0.26near the usual relationship
2026-09-22191.19176.82+0.24near the usual relationship
2026-09-21187.75175.14+0.17near the usual relationship
2026-09-18188.75171.81+0.38near the usual relationship
2026-09-17192.23172.61+0.50INCY ahead
2026-09-16187.90172.96+0.30near the usual relationship
2026-09-15183.37174.10+0.05near the usual relationship
2026-09-14184.05167.06+0.43near the usual relationship
2026-09-11182.96164.85+0.49near the usual relationship
2026-09-10185.69163.63+0.68INCY ahead
2026-09-09189.80164.51+0.82INCY ahead
2026-09-08187.38165.79+0.66INCY ahead
2026-09-04190.92165.91+0.81INCY ahead
2026-09-03192.80166.50+0.87INCY ahead
2026-09-02194.05166.39+0.93INCY ahead
2026-09-01188.30163.64+0.83INCY ahead
2026-08-31185.60166.66+0.57INCY ahead
2026-08-28187.33168.53+0.56INCY ahead
2026-08-27192.41171.60+0.63INCY ahead
2026-08-26192.98173.70+0.56INCY ahead
2026-08-25195.39172.30+0.73INCY ahead
2026-08-24192.77173.97+0.55INCY ahead
2026-08-21192.51174.17+0.53INCY ahead
2026-08-20191.63171.90+0.60INCY ahead
2026-08-19193.51170.67+0.75INCY ahead
2026-08-18185.98165.63+0.67INCY ahead
2026-08-17186.02167.54+0.58INCY ahead
2026-08-14180.99162.32+0.62INCY ahead
2026-08-13181.53163.29+0.60INCY ahead
2026-08-12181.91167.50+0.41near the usual relationship
2026-08-11182.36169.89+0.32near the usual relationship
2026-08-10183.08169.03+0.40near the usual relationship
2026-08-07181.59165.73+0.50INCY ahead
2026-08-06178.31164.14+0.43near the usual relationship
2026-08-05180.45164.91+0.49near the usual relationship
2026-08-04181.65161.36+0.73INCY ahead
2026-08-03178.39160.86+0.62INCY ahead
2026-07-31180.03161.93+0.64INCY ahead
2026-07-30185.25162.26+0.87INCY ahead
2026-07-29191.44164.12+1.05INCY ahead
2026-07-28195.71160.20+1.44INCY ahead
2026-07-27179.05165.37+0.46near the usual relationship
2026-07-24177.24168.74+0.22near the usual relationship
2026-07-23175.76169.98+0.10near the usual relationship
2026-07-22174.41148.18+1.14INCY ahead
2026-07-21176.82149.18+1.20INCY ahead
2026-07-20174.20148.13+1.13INCY ahead
2026-07-17176.61150.88+1.10INCY ahead
2026-07-16175.70150.93+1.05INCY ahead
2026-07-15173.35148.49+1.07INCY ahead
2026-07-14173.04150.44+0.95INCY ahead
2026-07-13172.06148.76+1.00INCY ahead
2026-07-10175.79151.02+1.05INCY ahead
2026-07-09178.52150.25+1.22INCY ahead
2026-07-08176.62149.27+1.19INCY ahead
2026-07-07177.81153.28+1.03INCY ahead
2026-07-06174.15158.55+0.59INCY ahead
2026-07-02176.02156.45+0.78INCY ahead
2026-07-01171.43152.52+0.77INCY ahead
2026-06-30170.75148.59+0.95INCY ahead
2026-06-29172.71150.03+0.96INCY ahead
2026-06-26171.34147.89+1.01INCY ahead
2026-06-25161.97145.89+0.66INCY ahead
2026-06-24163.37143.88+0.84INCY ahead
2026-06-23157.25132.85+1.17INCY ahead
2026-06-22156.14127.85+1.43INCY ahead
2026-06-18147.94129.12+0.91INCY ahead
2026-06-17149.10128.25+1.02INCY ahead
2026-06-16150.25129.52+1.00INCY ahead
2026-06-15153.61131.17+1.07INCY ahead
2026-06-12163.47131.13+1.57INCY ahead
2026-06-11162.42133.30+1.39INCY ahead
2026-06-10158.74130.68+1.36INCY ahead
2026-06-09155.49130.97+1.17INCY ahead
2026-06-08151.59128.48+1.12INCY ahead
2026-06-05154.21127.46+1.32INCY ahead
2026-06-04152.49128.70+1.16INCY ahead
2026-06-03147.58126.49+1.03INCY ahead
2026-06-02138.94125.03+0.65INCY ahead
2026-06-01143.98126.68+0.82INCY ahead
2026-05-29145.71125.45+0.99INCY ahead
2026-05-28146.86125.74+1.03INCY ahead
2026-05-27146.62120.09+1.39INCY ahead
2026-05-26146.26120.40+1.35INCY ahead
2026-05-22146.35121.44+1.29INCY ahead
2026-05-21146.72120.68+1.36INCY ahead
2026-05-20146.23118.37+1.50INCY ahead
2026-05-19144.00117.82+1.42INCY ahead
2026-05-18143.38118.03+1.38INCY ahead
2026-05-15143.56116.52+1.50INCY ahead
2026-05-14147.06117.61+1.63INCY ahead
2026-05-13148.85118.90+1.65INCY ahead
2026-05-12149.31117.77+1.77INCY ahead
2026-05-11151.11117.08+1.94INCY ahead
2026-05-08148.46118.97+1.67INCY ahead
2026-05-07147.27120.29+1.53INCY ahead
2026-05-06150.40119.75+1.75INCY ahead
2026-05-05146.81120.74+1.49INCY ahead
2026-05-04146.32117.01+1.74INCY ahead
2026-05-01145.97117.15+1.72INCY ahead
2026-04-30143.50117.47+1.56INCY ahead
2026-04-29149.27116.05+2.02INCY ahead
2026-04-28147.22114.94+2.01INCY ahead
2026-04-27144.17118.23+1.60INCY ahead
2026-04-24142.57115.19+1.74INCY ahead
2026-04-23143.80110.39+2.21INCY ahead
2026-04-22145.71142.67+0.08near the usual relationship
2026-04-21144.93144.47-0.08near the usual relationship
2026-04-20145.99148.27-0.25near the usual relationship
2026-04-17147.34146.07-0.04near the usual relationship
2026-04-16143.58144.68-0.18near the usual relationship
2026-04-15146.26145.49-0.07near the usual relationship
2026-04-14147.15145.90-0.04near the usual relationship
2026-04-13143.92140.64+0.09near the usual relationship
2026-04-10144.71138.48+0.27near the usual relationship
2026-04-09146.05140.71+0.21near the usual relationship
2026-04-08144.43146.09-0.22near the usual relationship
2026-04-07141.12142.68-0.22near the usual relationship
2026-04-06142.88139.17+0.10near the usual relationship
2026-04-02144.49139.83+0.15near the usual relationship
2026-04-01142.04137.34+0.16near the usual relationship
2026-03-31141.77134.73+0.31near the usual relationship
2026-03-30136.06129.15+0.32near the usual relationship
2026-03-27136.01126.60+0.49near the usual relationship
2026-03-26138.97130.92+0.39near the usual relationship
2026-03-25138.92130.98+0.39near the usual relationship
2026-03-24136.50129.28+0.35near the usual relationship
2026-03-23136.24128.21+0.40near the usual relationship
2026-03-20136.74126.97+0.52INCY ahead
2026-03-19140.01129.33+0.57INCY ahead
2026-03-18138.94127.61+0.63INCY ahead
2026-03-17141.92127.71+0.80INCY ahead
2026-03-16140.08127.28+0.72INCY ahead
2026-03-13139.39126.38+0.73INCY ahead
2026-03-12138.62124.54+0.81INCY ahead
2026-03-11142.58134.04+0.42near the usual relationship
2026-03-10144.63130.97+0.74INCY ahead
2026-03-09146.26134.27+0.62INCY ahead
2026-03-06144.51132.04+0.66INCY ahead
2026-03-05146.60131.70+0.80INCY ahead
2026-03-04148.91130.71+1.00INCY ahead
2026-03-03147.72130.58+0.93INCY ahead
2026-03-02150.69128.36+1.25INCY ahead
2026-02-27152.54126.76+1.47INCY ahead
2026-02-26150.76125.45+1.46INCY ahead
2026-02-25150.59122.92+1.63INCY ahead
2026-02-24152.21124.07+1.65INCY ahead
2026-02-23151.90124.85+1.59INCY ahead
2026-02-20152.61127.32+1.47INCY ahead
2026-02-19153.23125.26+1.65INCY ahead
2026-02-18155.13125.19+1.78INCY ahead
2026-02-17152.37120.14+2.00INCY ahead
2026-02-13152.28120.10+2.02INCY ahead
2026-02-12151.75116.73+2.27INCY ahead
2026-02-11148.88118.95+1.95INCY ahead
2026-02-10150.70125.15+1.60INCY ahead
2026-02-09164.23148.81+0.81INCY ahead
2026-02-06163.26152.09+0.55INCY ahead
2026-02-05154.78151.87+0.07near the usual relationship
2026-02-04154.54157.55-0.28near the usual relationship
2026-02-03152.01159.52-0.55MEDP ahead
2026-02-02154.65165.03-0.70MEDP ahead
2026-01-30150.73163.43-0.85MEDP ahead
2026-01-29152.25166.41-0.93MEDP ahead
2026-01-28152.40167.76-1.01MEDP ahead
2026-01-27155.85168.98-0.88MEDP ahead
2026-01-26154.51168.93-0.96MEDP ahead
2026-01-23153.62165.00-0.81MEDP ahead
2026-01-22158.25170.11-0.82MEDP ahead
2026-01-21157.66174.13-1.07MEDP ahead
2026-01-20154.57169.02-0.99MEDP ahead
2026-01-16159.98171.41-0.81MEDP ahead
2026-01-15158.52173.41-1.01MEDP ahead
2026-01-14159.59172.97-0.93MEDP ahead
2026-01-13155.79170.72-1.04MEDP ahead
2026-01-12160.16168.13-0.66MEDP ahead
2026-01-09160.97166.95-0.55MEDP ahead
2026-01-08159.54168.36-0.71MEDP ahead
2026-01-07166.55172.02-0.53MEDP ahead
2026-01-06160.66170.84-0.79MEDP ahead
2026-01-05153.32164.65-0.89MEDP ahead
2026-01-02152.76160.22-0.68MEDP ahead
2025-12-31148.77157.59-0.78MEDP ahead
2025-12-30148.98159.61-0.89MEDP ahead
2025-12-29149.56159.93-0.88MEDP ahead
2025-12-26150.79159.25-0.77MEDP ahead
2025-12-24151.29160.45-0.81MEDP ahead
2025-12-23152.00159.85-0.74MEDP ahead
2025-12-22151.69160.36-0.79MEDP ahead
2025-12-19154.68159.47-0.57MEDP ahead
2025-12-18146.57157.19-0.93MEDP ahead
2025-12-17147.06156.30-0.86MEDP ahead
2025-12-16146.15156.77-0.95MEDP ahead
2025-12-15148.58156.88-0.81MEDP ahead
2025-12-12143.71156.54-1.10MEDP ahead
2025-12-11144.75158.85-1.18MEDP ahead
2025-12-10143.35157.34-1.19MEDP ahead
2025-12-09143.33152.66-0.93MEDP ahead
2025-12-08145.65154.09-0.87MEDP ahead
2025-12-05154.42153.79-0.32near the usual relationship
2025-12-04151.32152.85-0.46near the usual relationship
2025-12-03152.88161.75-0.89MEDP ahead
2025-12-02152.79163.78-1.01MEDP ahead
2025-12-01153.70164.98-1.03MEDP ahead
2025-11-28157.34166.23-0.90MEDP ahead
2025-11-26159.14170.20-1.02MEDP ahead
2025-11-25158.98171.66-1.11MEDP ahead
2025-11-24160.02173.54-1.16MEDP ahead
2025-11-21153.73166.05-1.13MEDP ahead
2025-11-20153.28164.47-1.08MEDP ahead
2025-11-19152.61166.16-1.21MEDP ahead
2025-11-18156.48165.59-0.97MEDP ahead
2025-11-17156.91164.35-0.88MEDP ahead
2025-11-14156.88165.57-0.96MEDP ahead
2025-11-13158.77165.91-0.88MEDP ahead
2025-11-12163.07167.68-0.74MEDP ahead
2025-11-11162.92169.13-0.83MEDP ahead
2025-11-10159.63168.47-0.98MEDP ahead
2025-11-07159.63165.31-0.82MEDP ahead
2025-11-06158.46166.16-0.94MEDP ahead
2025-11-05159.21168.02-1.00MEDP ahead
2025-11-04155.02166.82-1.18MEDP ahead
2025-11-03152.99166.67-1.30MEDP ahead
2025-10-31140.80164.12-1.91MEDP ahead
2025-10-30139.46162.84-1.95MEDP ahead
2025-10-29135.83164.02-2.28MEDP ahead
2025-10-28138.05162.89-2.10MEDP ahead
2025-10-27140.20167.36-2.24MEDP ahead
2025-10-24137.49169.81-2.59MEDP ahead
2025-10-23134.52167.40-2.70MEDP ahead
2025-10-22132.64153.41-2.04MEDP ahead
2025-10-21131.50153.10-2.13MEDP ahead
2025-10-20129.79152.75-2.26MEDP ahead
2025-10-17131.90148.17-1.82MEDP ahead
2025-10-16131.51146.24-1.74MEDP ahead
2025-10-15132.78144.31-1.53MEDP ahead
2025-10-14129.48145.04-1.84MEDP ahead
2025-10-13127.62147.98-2.20MEDP ahead
2025-10-10126.22140.63-1.83MEDP ahead
2025-10-09127.65145.54-2.08MEDP ahead
2025-10-08128.60148.99-2.27MEDP ahead
2025-10-07131.30149.23-2.10MEDP ahead
2025-10-06131.39148.79-2.09MEDP ahead
2025-10-03130.82149.41-2.21MEDP ahead
2025-10-02129.96150.44-2.39MEDP ahead
2025-10-01130.59152.61-2.53MEDP ahead
2025-09-30127.75144.26-2.19MEDP ahead
2025-09-29126.36140.51-2.05MEDP ahead
2025-09-26124.57139.39-2.13MEDP ahead
2025-09-25123.00136.91-2.08MEDP ahead
2025-09-24126.77139.54-1.97MEDP ahead
2025-09-23127.34139.21-1.91MEDP ahead
2025-09-22127.62139.75-1.94MEDP ahead
2025-09-19130.34139.90-1.73MEDP ahead
2025-09-18129.54140.84-1.88MEDP ahead
2025-09-17127.73139.68-1.96MEDP ahead
2025-09-16126.37137.70-1.93MEDP ahead
2025-09-15125.23139.28-2.19MEDP ahead
2025-09-12125.17137.67-2.08MEDP ahead
2025-09-11129.79139.62-1.83MEDP ahead
2025-09-10129.91133.75-1.33MEDP ahead
2025-09-09128.94136.25-1.63MEDP ahead
2025-09-08130.38138.07-1.67MEDP ahead
2025-09-05130.50136.64-1.54MEDP ahead
2025-09-04128.69135.34-1.60MEDP ahead
2025-09-03130.98135.03-1.37MEDP ahead
2025-09-02129.51132.81-1.30MEDP ahead
2025-08-29127.44133.42-1.53MEDP ahead
2025-08-28126.07132.70-1.59MEDP ahead
2025-08-27127.79132.85-1.43MEDP ahead
2025-08-26126.53131.68-1.42MEDP ahead
2025-08-25127.67130.98-1.24MEDP ahead
2025-08-22128.09130.09-1.12MEDP ahead
2025-08-21130.34127.20-0.66MEDP ahead
2025-08-20129.84130.67-0.98MEDP ahead
2025-08-19128.72129.67-0.97MEDP ahead
2025-08-18127.91129.88-1.04MEDP ahead
2025-08-15130.92128.47-0.66MEDP ahead
2025-08-14129.78128.69-0.76MEDP ahead
2025-08-13129.31131.31-0.99MEDP ahead
2025-08-12122.93128.87-1.31MEDP ahead
2025-08-11119.28126.20-1.39MEDP ahead
2025-08-08118.08121.87-1.13MEDP ahead
2025-08-07117.79120.31-1.01MEDP ahead
2025-08-06116.96120.75-1.11MEDP ahead
2025-08-05117.07122.42-1.23MEDP ahead
2025-08-04117.55121.33-1.10MEDP ahead
2025-08-01113.86118.71-1.20MEDP ahead
2025-07-31112.80119.87-1.39MEDP ahead
2025-07-30116.81122.83-1.29MEDP ahead
2025-07-29116.55125.68-1.54MEDP ahead
2025-07-28105.68127.12-2.67MEDP ahead
2025-07-25105.74125.56-2.57MEDP ahead
2025-07-24106.18127.86-2.70MEDP ahead
2025-07-23106.48122.73-2.25MEDP ahead
2025-07-22103.78134.04-3.44MEDP ahead
2025-07-21101.4986.67+0.80INCY ahead
2025-07-18102.2187.51+0.78INCY ahead
2025-07-17103.8489.55+0.71INCY ahead
2025-07-16104.2888.34+0.88INCY ahead
2025-07-15102.8087.74+0.81INCY ahead
2025-07-14105.4189.89+0.82INCY ahead
2025-07-11103.3190.77+0.55INCY ahead
2025-07-10105.9592.10+0.65INCY ahead
2025-07-09103.5190.05+0.65INCY ahead
2025-07-08101.9390.49+0.48near the usual relationship
2025-07-07101.3389.48+0.53INCY ahead
2025-07-03103.1090.21+0.61INCY ahead
2025-07-02102.6891.48+0.47near the usual relationship
2025-07-01103.5290.09+0.67INCY ahead
2025-06-30102.5888.06+0.78INCY ahead
2025-06-27102.9887.17+0.90INCY ahead
2025-06-26106.6686.08+1.30INCY ahead
2025-06-25101.7587.30+0.81INCY ahead
2025-06-24103.9588.46+0.88INCY ahead
2025-06-23101.3186.60+0.85INCY ahead
2025-06-20103.1286.80+0.98INCY ahead
2025-06-18102.8384.93+1.14INCY ahead
2025-06-17103.6583.59+1.33INCY ahead
2025-06-16107.2884.45+1.53INCY ahead
2025-06-13102.0583.68+1.22INCY ahead
2025-06-12104.2685.30+1.24INCY ahead
2025-06-11103.7184.82+1.25INCY ahead
2025-06-10105.5485.83+1.30INCY ahead
2025-06-09105.2783.70+1.48INCY ahead
2025-06-06103.5883.19+1.41INCY ahead
2025-06-05101.2882.37+1.32INCY ahead
2025-06-04101.5587.75+0.87INCY ahead
2025-06-03101.0885.88+1.01INCY ahead
2025-06-0298.3783.56+1.01INCY ahead
2025-05-3098.0082.74+1.07INCY ahead
2025-05-2999.4783.35+1.13INCY ahead
2025-05-2897.8082.44+1.09INCY ahead
2025-05-2798.4383.78+1.03INCY ahead
2025-05-2396.7782.74+1.00INCY ahead
2025-05-2297.1782.22+1.08INCY ahead
2025-05-2197.5782.99+1.05INCY ahead
2025-05-2098.3686.03+0.86INCY ahead
2025-05-1996.1185.85+0.71INCY ahead
2025-05-1695.3685.76+0.67INCY ahead
2025-05-1594.5383.17+0.83INCY ahead
2025-05-1492.1281.85+0.77INCY ahead
2025-05-1391.6087.02+0.31near the usual relationship
2025-05-1291.6688.03+0.24near the usual relationship
2025-05-0988.8483.06+0.43near the usual relationship
2025-05-0889.9784.40+0.42near the usual relationship
2025-05-0789.7084.17+0.42near the usual relationship
2025-05-0689.7981.02+0.69INCY ahead
2025-05-0593.5584.31+0.70INCY ahead
2025-05-0294.1985.61+0.65INCY ahead
2025-05-0193.4384.81+0.66INCY ahead
2025-04-3094.3886.53+0.61INCY ahead
2025-04-2991.0285.96+0.43near the usual relationship
2025-04-2889.6583.66+0.51INCY ahead
2025-04-2589.1183.77+0.47near the usual relationship
2025-04-2488.8284.98+0.36near the usual relationship
2025-04-2387.3681.52+0.52INCY ahead
2025-04-2286.4379.20+0.64INCY ahead
2025-04-2185.5681.09+0.44near the usual relationship
2025-04-1787.6883.13+0.45near the usual relationship
2025-04-1686.9683.19+0.40near the usual relationship
2025-04-1588.0685.58+0.31near the usual relationship
2025-04-1489.2085.66+0.39near the usual relationship
2025-04-1185.6683.54+0.30near the usual relationship
2025-04-1083.1079.22+0.44near the usual relationship
2025-04-0988.6684.89+0.42near the usual relationship
2025-04-0885.8177.79+0.75INCY ahead
2025-04-0790.8181.40+0.82INCY ahead
2025-04-0491.2580.56+0.91INCY ahead
2025-04-0394.0885.33+0.77INCY ahead
2025-04-0293.8887.33+0.63INCY ahead
2025-04-0191.7583.54+0.75INCY ahead
2025-03-3191.2085.49+0.59INCY ahead
2025-03-2891.2887.64+0.46near the usual relationship
2025-03-2791.4088.84+0.40near the usual relationship
2025-03-2692.2789.13+0.44near the usual relationship
2025-03-2593.5191.05+0.40near the usual relationship
2025-03-2494.5692.76+0.36near the usual relationship
2025-03-2193.2790.97+0.40near the usual relationship
2025-03-2091.2589.68+0.36near the usual relationship
2025-03-1990.8991.88+0.21near the usual relationship
2025-03-1890.3890.61+0.26near the usual relationship
2025-03-1793.4091.57+0.39near the usual relationship
2025-03-14102.2191.18+0.92INCY ahead
2025-03-13101.9989.21+1.04INCY ahead
2025-03-12102.0291.16+0.93INCY ahead
2025-03-11102.5391.43+0.95INCY ahead
2025-03-10107.1494.67+1.01INCY ahead
2025-03-07106.6393.38+1.07INCY ahead
2025-03-06105.5791.39+1.14INCY ahead
2025-03-05105.1592.19+1.08INCY ahead
2025-03-04104.9691.02+1.15INCY ahead
2025-03-03105.8389.55+1.29INCY ahead
2025-02-28110.7191.84+1.42INCY ahead
2025-02-27110.2391.50+1.43INCY ahead
2025-02-26111.9195.25+1.30INCY ahead
2025-02-25112.0795.66+1.29INCY ahead
2025-02-24111.4896.62+1.22INCY ahead
2025-02-21108.6295.46+1.15INCY ahead
2025-02-20107.5296.76+1.02INCY ahead
2025-02-19105.6896.51+0.94INCY ahead
2025-02-18107.3595.61+1.09INCY ahead
2025-02-14106.0795.45+1.04INCY ahead
2025-02-13105.4596.07+0.98INCY ahead
2025-02-12104.0194.41+1.01INCY ahead
2025-02-1199.9191.99+0.93INCY ahead
2025-02-10102.8899.47+0.65INCY ahead
2025-02-07111.6699.35+1.13INCY ahead
2025-02-06112.89101.28+1.08INCY ahead
2025-02-05113.3699.65+1.20INCY ahead
2025-02-04111.6497.36+1.25INCY ahead
2025-02-03111.0796.35+1.29INCY ahead
2025-01-31111.7097.97+1.23INCY ahead
2025-01-30111.1298.22+1.18INCY ahead
2025-01-29111.0496.25+1.30INCY ahead
2025-01-28110.1897.03+1.21INCY ahead
2025-01-27109.4198.31+1.09INCY ahead
2025-01-24109.3496.54+1.20INCY ahead
2025-01-23109.2597.62+1.13INCY ahead
2025-01-22109.0796.85+1.17INCY ahead
2025-01-21110.6697.51+1.21INCY ahead
2025-01-17108.3494.65+1.26INCY ahead
2025-01-16109.1694.51+1.31INCY ahead
2025-01-15109.1494.06+1.34INCY ahead
2025-01-14108.3492.85+1.37INCY ahead
2025-01-13109.0198.77+1.04INCY ahead
2025-01-10106.2598.45+0.91INCY ahead
2025-01-08110.1599.49+1.05INCY ahead
2025-01-07110.2497.31+1.18INCY ahead
2025-01-06108.3195.98+1.16INCY ahead
2025-01-03104.8895.25+1.01INCY ahead
2025-01-02104.7393.93+1.08INCY ahead
2024-12-31104.0493.22+1.09INCY ahead
2024-12-30103.0693.53+1.02INCY ahead
2024-12-27104.2895.71+0.95INCY ahead
2024-12-26104.7796.22+0.95INCY ahead
2024-12-24105.3096.15+0.98INCY ahead
2024-12-23105.2095.13+1.04INCY ahead
2024-12-20103.6994.64+0.99INCY ahead
2024-12-19101.0194.04+0.87INCY ahead
2024-12-18101.7592.87+0.99INCY ahead
2024-12-17104.5397.78+0.85INCY ahead
2024-12-16105.1498.13+0.86INCY ahead
2024-12-13103.2597.06+0.81INCY ahead
2024-12-12106.6997.48+0.97INCY ahead
2024-12-11109.1995.82+1.20INCY ahead
2024-12-10109.1795.95+1.20INCY ahead
2024-12-09108.6298.83+1.00INCY ahead
2024-12-06114.3598.35+1.33INCY ahead
2024-12-05112.8596.04+1.39INCY ahead
2024-12-04112.4097.17+1.31INCY ahead
2024-12-03108.5095.19+1.23INCY ahead
2024-12-02110.3296.06+1.28INCY ahead
2024-11-29112.3595.58+1.42INCY ahead
2024-11-27113.6595.11+1.52INCY ahead
2024-11-26112.6794.05+1.54INCY ahead
2024-11-25110.7494.79+1.40INCY ahead
2024-11-22108.0394.77+1.27INCY ahead
2024-11-21106.0395.91+1.09INCY ahead
2024-11-20107.0291.50+1.43INCY ahead
2024-11-19106.2888.37+1.60INCY ahead
2024-11-18115.9486.68+2.25INCY ahead
2024-11-15114.2887.16+2.16INCY ahead
2024-11-14117.0893.95+1.87INCY ahead
2024-11-13121.22101.55+1.62INCY ahead
2024-11-12121.37101.24+1.65INCY ahead
2024-11-11122.80102.01+1.69INCY ahead
2024-11-08125.59101.79+1.85INCY ahead
2024-11-07124.0299.16+1.95INCY ahead
2024-11-06121.93100.52+1.77INCY ahead
2024-11-05116.4092.10+2.04INCY ahead
2024-11-04114.1089.21+2.13INCY ahead
2024-11-01114.6789.66+2.15INCY ahead
2024-10-31111.6488.16+2.09INCY ahead
2024-10-30111.3689.32+2.00INCY ahead
2024-10-29110.8692.53+1.75INCY ahead
2024-10-2898.9592.41+1.03INCY ahead
2024-10-2598.0192.65+0.95INCY ahead
2024-10-2498.2792.05+1.01INCY ahead
2024-10-2398.1692.61+0.95INCY ahead
2024-10-2298.7991.62+1.05INCY ahead
2024-10-2198.3199.02+0.52INCY ahead
2024-10-18100.00100.00+0.55INCY ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Jul 22, 2025 (INCY +2.3%, MEDP +54.7%); Apr 23, 2026 (INCY -1.3%, MEDP -22.6%); Jul 23, 2026 (INCY +0.8%, MEDP +14.7%); Jul 28, 2026 (INCY +9.3%, MEDP -3.1%). Upcoming earnings: INCY Oct 29, 2026 (pre-market).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

No paper position on this pair yet.

Historical simulation (a diagnostic, same rules)

No simulated trade through Oct 20, 2026: the pair rarely passed every test while 2 standard deviations apart.

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

INCY and MEDP at a glance

INCY Incyte Corp.

Listing
Nasdaq · SEC CIK 879169
Industry
Biotechnology: Commercial Physical & Biological Resarch · SIC 8731 Services-Commercial Physical & Biological Research
Market value
$23.0B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

MEDP Medpace Holdings Inc.

Listing
Nasdaq · SEC CIK 1668397
Industry
Biotechnology: Commercial Physical & Biological Resarch · SIC 8731 Services-Commercial Physical & Biological Research
Market value
$17.3B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
IQV / INCYWatchlistIQV by 1.55 sdBiotechnology: Commercial Physical & Biological Resarch
IQV / MEDPWatchlistIQV by 1.21 sdBiotechnology: Commercial Physical & Biological Resarch

Follow the research behind the paper book

Boostio is a research-first platform in private beta: crypto candidates, daily market stories, public paper trading and now rival stocks. Exploring these pages stays free and open.

Explore the private beta

Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.