Compare two stocks
FAST and CAT 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, FAST typically moved −0.45% and CAT +0.61%.
| Economic force | FASTFastenal | CATCaterpillar Inc. |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.70%−2.2% to +0.76%Not distinguishable from zero | −0.87%−2.2% to +0.42%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +3.4%+0.32% to +6.6%Tentative | +2.9%−0.65% to +6.5%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.76%−2.3% to +0.81%Not distinguishable from zero | −0.67%−2.3% to +0.95%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.48%−1.2% to +0.24%Not distinguishable from zero | −0.20%−1.2% to +0.82%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −0.75%−3.1% to +1.6%Not distinguishable from zero | −0.87%−3.4% to +1.7%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +0.92%−0.79% to +2.6%Not distinguishable from zero | +2.0%+0.04% to +4.0%Tentative |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | +0.70%−0.37% to +1.8%Not distinguishable from zero | +0.10%−1.1% to +1.3%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.56%−0.56% to +1.7%Not distinguishable from zero | −1.1%−2.3% to +0.08%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.11%−0.87% to +1.1%Not distinguishable from zero | −0.42%−1.3% to +0.49%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.40%−1.0% to +0.20%Not distinguishable from zero | −0.20%−0.84% to +0.44%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%−0.06% to −0.01%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.28%−1.1% to +0.50%Not distinguishable from zero | −0.24%−1.1% to +0.59%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.34%+0.07% to +0.61%Tentative | +0.73%+0.51% to +0.95%Clear |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.52%+0.23% to +0.81%Tentative | +0.69%+0.40% to +1.0%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.03%−0.31% to +0.24%Not distinguishable from zero | +0.62%+0.20% to +1.0%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +1.9%−0.79% to +4.6%Not distinguishable from zero | −2.2%−5.1% to +0.75%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.69%−0.12% to +1.5%Not distinguishable from zero | −0.08%−1.0% to +0.81%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage pointClear difference | −0.45%−0.70% to −0.20%Tentative | +0.61%+0.28% to +0.94%Tentative |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.05%−0.21% to +0.11%Not distinguishable from zero | −0.19%−0.50% to +0.11%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.