Compare two stocks
EMR and AXP clearly differ on 1 of 19 forces. The widest gap is emerging markets: in weeks when emerging-market stocks beat the S&P 500 by 1 percentage point, EMR typically moved +0.46% and AXP −0.18%.
| Economic force | EMREmerson Electric | AXPAmerican Express |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.31%−1.2% to +0.59%Not distinguishable from zero | −0.42%−1.6% to +0.72%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +2.7%+0.39% to +5.0%Tentative | +2.3%−0.83% to +5.4%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.12%−1.5% to +1.3%Not distinguishable from zero | +0.31%−1.3% to +1.9%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.53%−1.4% to +0.38%Not distinguishable from zero | −0.55%−1.3% to +0.18%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −0.53%−2.5% to +1.5%Not distinguishable from zero | −0.79%−3.1% to +1.5%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.20%−1.8% to +1.4%Not distinguishable from zero | −1.1%−2.9% to +0.74%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.05%−0.84% to +0.74%Not distinguishable from zero | −1.0%−1.7% to −0.36%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +1.0%−0.09% to +2.0%Not distinguishable from zero | +0.29%−0.75% to +1.3%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.36%−0.33% to +1.0%Not distinguishable from zero | −0.10%−0.80% to +0.59%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.23%−0.32% to +0.77%Not distinguishable from zero | −0.04%−0.58% to +0.50%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.02%−0.04% to +0.01%Not distinguishable from zero | −0.02%−0.07% to +0.03%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.36%−0.47% to +1.2%Not distinguishable from zero | −0.27%−0.85% to +0.32%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.84%+0.64% to +1.0%Clear | +0.68%+0.48% to +0.88%Clear |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.66%+0.46% to +0.87%Clear | +0.74%+0.52% to +1.0%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | +0.19%−0.15% to +0.54%Not distinguishable from zero | −0.20%−0.53% to +0.13%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −1.3%−3.2% to +0.61%Not distinguishable from zero | −1.3%−3.3% to +0.56%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.38%−1.4% to +0.59%Not distinguishable from zero | −0.39%−1.0% to +0.19%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage pointClear difference | +0.46%+0.17% to +0.75%Tentative | −0.18%−0.43% to +0.06%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.07%−0.25% to +0.11%Not distinguishable from zero | +0.16%+0.01% to +0.30%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.