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ECL vs ALLE · data through Oct 2, 2026

ECL and ALLE clearly differ on 1 of 19 forces. The widest gap is small vs large companies: in weeks when small companies beat large ones by 1 percentage point, ECL typically moved +0.33% and ALLE +0.82%.

Economic forceECLEcolabALLEAllegion
Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points−1.5%−2.2% to −0.76%Clear−1.5%−2.4% to −0.53%Tentative
Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points+2.3%+0.48% to +4.1%Tentative+2.3%−0.55% to +5.1%Not distinguishable from zero
U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2%−0.72%−1.6% to +0.11%Not distinguishable from zero−0.56%−1.6% to +0.47%Not distinguishable from zero
Oil and energyIn weeks when the price of oil rose 10%−1.5%−1.9% to −1.1%Clear−1.2%−2.0% to −0.47%Clear
Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points−1.1%−3.0% to +0.83%Not distinguishable from zero+0.22%−1.6% to +2.0%Not distinguishable from zero
Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points+0.54%−0.89% to +2.0%Not distinguishable from zero−0.28%−1.8% to +1.2%Not distinguishable from zero
Market volatilityIn weeks when market volatility (the VIX) rose 5 points−0.33%−1.0% to +0.31%Not distinguishable from zero−0.15%−0.83% to +0.53%Not distinguishable from zero
Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points−0.27%−1.0% to +0.44%Not distinguishable from zero−0.64%−1.7% to +0.43%Not distinguishable from zero
GoldIn weeks when the price of gold rose 5%+0.03%−0.85% to +0.90%Not distinguishable from zero+0.09%−0.54% to +0.72%Not distinguishable from zero
CopperIn weeks when the price of copper rose 5%+0.06%−0.42% to +0.54%Not distinguishable from zero−0.26%−0.68% to +0.16%Not distinguishable from zero
Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%+0.01%0.00% to +0.03%Tentative−0.01%−0.05% to +0.04%Not distinguishable from zero
BitcoinIn weeks when the price of bitcoin rose 10%−0.17%−0.58% to +0.24%Not distinguishable from zero+0.09%−0.49% to +0.66%Not distinguishable from zero
Small vs large companiesIn weeks when small companies beat large ones by 1 percentage pointClear difference+0.33%+0.15% to +0.50%Clear+0.82%+0.55% to +1.1%Clear
Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point+0.53%+0.37% to +0.69%Clear+0.71%+0.45% to +1.0%Clear
MomentumIn weeks when recent winners beat the stock market by 1 percentage point−0.21%−0.41% to −0.01%Tentative0.00%−0.17% to +0.18%Not distinguishable from zero
EuroIn weeks when the euro rose 2% against the U.S. dollar−0.16%−1.9% to +1.6%Not distinguishable from zero−0.53%−2.9% to +1.8%Not distinguishable from zero
Japanese yenIn weeks when the yen rose 2% against the U.S. dollar−0.46%−1.0% to +0.05%Not distinguishable from zero−0.24%−1.1% to +0.61%Not distinguishable from zero
Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point+0.05%−0.17% to +0.26%Not distinguishable from zero−0.01%−0.21% to +0.18%Not distinguishable from zero
ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point+0.08%−0.03% to +0.19%Not distinguishable from zero+0.08%−0.02% to +0.18%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.

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