Compare two stocks
BAC and AMT clearly differ on 3 of 19 forces. The widest gap is inflation expectations: in weeks when 10-year inflation expectations rose 0.25 percentage points, BAC typically moved +5.9% and AMT +0.19%.
| Economic force | BACBank of America | AMTAmerican Tower |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.9%−3.1% to −0.74%Clear | −3.6%−4.8% to −2.4%Clear |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage pointsClear difference | +5.9%+3.0% to +8.8%Clear | +0.19%−2.5% to +2.9%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2%Clear difference | +0.17%−1.5% to +1.8%Not distinguishable from zero | −3.1%−4.4% to −1.9%Clear |
| Oil and energyIn weeks when the price of oil rose 10% | −0.12%−0.83% to +0.59%Not distinguishable from zero | +0.71%+0.14% to +1.3%Tentative |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −2.6%−5.3% to +0.06%Not distinguishable from zero | +2.0%−0.84% to +4.8%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.05%−1.9% to +1.8%Not distinguishable from zero | +0.48%−1.5% to +2.4%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −1.4%−2.3% to −0.60%Tentative | −0.36%−1.2% to +0.48%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.68%−0.35% to +1.7%Not distinguishable from zero | +0.65%−0.57% to +1.9%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −1.1%−1.8% to −0.34%Tentative | −0.30%−1.1% to +0.50%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.06%−0.68% to +0.56%Not distinguishable from zero | +0.45%−0.48% to +1.4%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.05%−0.11% to 0.00%Not distinguishable from zero | −0.04%−0.07% to −0.01%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.89%−1.8% to +0.01%Not distinguishable from zero | +0.36%−0.46% to +1.2%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.69%+0.45% to +0.93%Clear | +0.32%+0.08% to +0.55%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +1.0%+0.71% to +1.2%Clear | +0.59%+0.33% to +0.85%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.12%−0.44% to +0.21%Not distinguishable from zero | −0.24%−0.53% to +0.05%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −1.9%−3.9% to +0.04%Not distinguishable from zero | −0.33%−2.4% to +1.7%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollarClear difference | −0.47%−1.1% to +0.13%Not distinguishable from zero | +1.1%+0.39% to +1.7%Tentative |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.25%−0.47% to −0.03%Tentative | −0.11%−0.37% to +0.14%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | 0.00%−0.14% to +0.13%Not distinguishable from zero | +0.11%−0.04% to +0.26%Not distinguishable from zero |
Each figure is the stock's typical move in a week when the force moved by the stated amount, after accounting for the stock market, with its 90% range beneath. Grey figures could not be told apart from zero. A row is marked a clear difference only when the two 90% ranges do not overlap.
This describes the past, and it is not a forecast. Relationships change, and nothing here is a recommendation to buy, sell or hold any security.