Compare two stocks
ECL and BDX clearly differ on 2 of 19 forces. The widest gap is momentum: in weeks when recent winners beat the stock market by 1 percentage point, ECL typically moved −0.21% and BDX −0.82%.
| Economic force | ECLEcolab | BDXBecton Dickinson |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.5%−2.2% to −0.76%Clear | −1.0%−2.2% to +0.25%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +2.3%+0.48% to +4.1%Tentative | +3.2%+0.10% to +6.4%Tentative |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.72%−1.6% to +0.11%Not distinguishable from zero | −0.68%−2.0% to +0.67%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −1.5%−1.9% to −1.1%Clear | −1.1%−1.8% to −0.46%Clear |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −1.1%−3.0% to +0.83%Not distinguishable from zero | −1.6%−5.4% to +2.1%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 | −2.8%−5.8% to +0.22%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 | −0.19%−1.1% to +0.69%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 | +0.81%−0.30% to +1.9%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.03%−0.85% to +0.90%Not distinguishable from zero | +1.0%+0.25% to +1.8%Tentative |
| CopperIn weeks when the price of copper rose 5% | +0.06%−0.42% to +0.54%Not distinguishable from zero | +0.64%−0.15% to +1.4%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | +0.01%0.00% to +0.03%Tentative | −0.04%−0.06% to −0.02%Clear |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.17%−0.58% to +0.24%Not distinguishable from zero | −0.54%−1.2% to +0.13%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.33%+0.15% to +0.50%Clear | +0.29%+0.04% to +0.53%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.53%+0.37% to +0.69%Clear | +0.55%+0.31% to +0.79%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | −0.21%−0.41% to −0.01%Tentative | −0.82%−1.0% to −0.61%Clear |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −0.16%−1.9% to +1.6%Not distinguishable from zero | +1.7%−1.3% to +4.6%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 | +0.35%−0.52% to +1.2%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 | 0.00%−0.39% to +0.39%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 | +0.17%+0.04% to +0.29%Tentative |
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.