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EW vs WSM · data through Oct 2, 2026

EW and WSM clearly differ on 2 of 19 forces. The widest gap is small vs large companies: in weeks when small companies beat large ones by 1 percentage point, EW typically moved −0.53% and WSM +1.1%.

EWWSMBars: 90% ranges. Hollow: could not be told apart from zero.Same figures in the table below.
Economic forceEWEdwards LifesciencesWSMWilliams-Sonoma, Inc.
Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points−1.4%−2.9% to +0.13%Not distinguishable from zero−1.3%−2.7% to +0.06%Not distinguishable from zero
Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points+2.2%−0.80% to +5.2%Not distinguishable from zero+1.7%−2.1% to +5.4%Not distinguishable from zero
U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2%+0.20%−1.7% to +2.1%Not distinguishable from zero+0.47%−1.6% to +2.6%Not distinguishable from zero
Oil and energyIn weeks when the price of oil rose 10%−0.79%−1.7% to +0.12%Not distinguishable from zero−0.94%−2.2% to +0.27%Not distinguishable from zero
Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points−1.0%−5.4% to +3.4%Not distinguishable from zero−1.6%−5.8% to +2.5%Not distinguishable from zero
Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points+2.1%−0.65% to +4.8%Not distinguishable from zero−1.8%−4.6% to +1.1%Not distinguishable from zero
Market volatilityIn weeks when market volatility (the VIX) rose 5 points+0.19%−1.1% to +1.4%Not distinguishable from zero+0.14%−1.3% to +1.6%Not distinguishable from zero
Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points−0.43%−1.7% to +0.82%Not distinguishable from zero−0.25%−2.1% to +1.6%Not distinguishable from zero
GoldIn weeks when the price of gold rose 5%−0.43%−1.2% to +0.31%Not distinguishable from zero+0.23%−1.6% to +2.1%Not distinguishable from zero
CopperIn weeks when the price of copper rose 5%−0.13%−0.65% to +0.40%Not distinguishable from zero−0.44%−1.4% to +0.49%Not distinguishable from zero
Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%−0.01%−0.03% to +0.02%Not distinguishable from zero−0.01%−0.05% to +0.03%Not distinguishable from zero
BitcoinIn weeks when the price of bitcoin rose 10%−0.77%−1.7% to +0.14%Not distinguishable from zero+0.19%−0.95% to +1.3%Not distinguishable from zero
Small vs large companiesIn weeks when small companies beat large ones by 1 percentage pointClear difference−0.53%−1.1% to +0.07%Not distinguishable from zero+1.1%+0.66% to +1.6%Clear
Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference−0.28%−0.81% to +0.24%Not distinguishable from zero+0.74%+0.31% to +1.2%Tentative
MomentumIn weeks when recent winners beat the stock market by 1 percentage point−0.17%−0.60% to +0.27%Not distinguishable from zero+0.07%−0.39% to +0.54%Not distinguishable from zero
EuroIn weeks when the euro rose 2% against the U.S. dollar−0.11%−2.6% to +2.4%Not distinguishable from zero−3.0%−7.7% to +1.7%Not distinguishable from zero
Japanese yenIn weeks when the yen rose 2% against the U.S. dollar−1.5%−3.2% to +0.16%Not distinguishable from zero0.00%−1.2% to +1.2%Not distinguishable from zero
Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point−0.26%−0.52% to 0.00%Tentative+0.34%−0.03% to +0.70%Not distinguishable from zero
ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point−0.15%−0.32% to +0.01%Not distinguishable from zero−0.02%−0.23% to +0.19%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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