Compare two stocks
On none of the 19 forces measured do FANG and DVN differ by more than the noise in the readings: their 90% ranges overlap every time.
| Economic force | FANGDiamondback Energy | DVNDevon Energy |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +0.14%−1.2% to +1.5%Not distinguishable from zero | −0.74%−2.4% to +0.94%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +5.2%+1.7% to +8.7%Tentative | +6.4%+2.0% to +10.7%Tentative |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.64%−2.6% to +1.3%Not distinguishable from zero | −1.6%−3.3% to +0.09%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +4.0%+2.4% to +5.6%Clear | +3.6%+2.0% to +5.1%Clear |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +0.38%−2.3% to +3.1%Not distinguishable from zero | −1.5%−3.9% to +1.0%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +0.84%−1.5% to +3.2%Not distinguishable from zero | +1.8%−0.34% to +4.0%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −2.0%−3.7% to −0.36%Tentative | −2.9%−4.2% to −1.5%Clear |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +1.0%−0.64% to +2.6%Not distinguishable from zero | +0.77%−0.53% to +2.1%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.48%−1.5% to +0.55%Not distinguishable from zero | −0.28%−1.3% to +0.77%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.06%−0.81% to +0.94%Not distinguishable from zero | +0.07%−0.79% to +0.93%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | 0.00%−0.02% to +0.02%Not distinguishable from zero | +0.03%−0.04% to +0.10%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.67%−1.6% to +0.23%Not distinguishable from zero | −0.60%−1.5% to +0.30%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.55%+0.21% to +0.88%Tentative | +0.51%+0.11% to +0.91%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.92%+0.61% to +1.2%Clear | +1.1%+0.70% to +1.4%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | +0.16%−0.19% to +0.50%Not distinguishable from zero | −0.06%−0.47% to +0.35%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −3.9%−6.4% to −1.3%Tentative | −4.1%−6.4% to −1.9%Tentative |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.90%−1.9% to +0.12%Not distinguishable from zero | −0.87%−1.8% to +0.08%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.19%−0.14% to +0.51%Not distinguishable from zero | +0.38%−0.01% to +0.78%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.04%−0.10% to +0.18%Not distinguishable from zero | +0.02%−0.11% to +0.14%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.