Compare two stocks
ELV and ETN clearly differ on 1 of 19 forces. The widest gap is momentum: in weeks when recent winners beat the stock market by 1 percentage point, ELV typically moved −0.13% and ETN +0.77%.
| Economic force | ELVElevance Health | ETNEaton Corporation |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +0.70%−0.35% to +1.8%Not distinguishable from zero | +1.2%+0.17% to +2.3%Tentative |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −1.5%−4.5% to +1.5%Not distinguishable from zero | −1.4%−4.3% to +1.6%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −1.9%−3.8% to +0.01%Not distinguishable from zero | −1.1%−2.6% to +0.30%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.20%−1.5% to +1.1%Not distinguishable from zero | −0.01%−0.68% to +0.66%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −0.03%−2.6% to +2.5%Not distinguishable from zero | +1.0%−1.3% to +3.4%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +0.43%−1.3% to +2.1%Not distinguishable from zero | +2.1%+0.16% to +4.0%Tentative |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.93%−2.4% to +0.56%Not distinguishable from zero | −0.10%−1.2% to +1.0%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −0.18%−1.4% to +1.0%Not distinguishable from zero | −0.26%−1.4% to +0.89%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.23%−0.89% to +1.3%Not distinguishable from zero | −0.54%−1.3% to +0.22%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.45%−0.19% to +1.1%Not distinguishable from zero | −0.57%−1.1% to −0.03%Tentative |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.02%−0.03% to 0.00%Tentative | −0.04%−0.07% to −0.02%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.54%−1.3% to +0.19%Not distinguishable from zero | +0.13%−0.61% to +0.87%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.25%−0.02% to +0.52%Not distinguishable from zero | +0.15%−0.11% to +0.40%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.54%+0.23% to +0.84%Tentative | +0.05%−0.22% to +0.33%Not distinguishable from zero |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | −0.13%−0.54% to +0.27%Not distinguishable from zero | +0.77%+0.44% to +1.1%Clear |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +1.3%−0.68% to +3.2%Not distinguishable from zero | −2.7%−5.1% to −0.39%Tentative |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.72%−0.09% to +1.5%Not distinguishable from zero | −0.56%−1.5% to +0.36%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.19%−0.58% to +0.20%Not distinguishable from zero | +0.08%−0.22% to +0.38%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.08%−0.31% to +0.15%Not distinguishable from zero | −0.22%−0.40% to −0.04%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.