Compare two stocks
FCX and MCHP clearly differ on 2 of 19 forces. The widest gap is copper: in weeks when the price of copper rose 5%, FCX typically moved +3.8% and MCHP +0.22%.
| Economic force | FCXFreeport-McMoRan | MCHPMicrochip Technology |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +0.21%−1.3% to +1.7%Not distinguishable from zero | +0.04%−1.8% to +1.8%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +2.0%−2.2% to +6.1%Not distinguishable from zero | +2.7%−1.6% to +6.9%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −5.5%−7.6% to −3.3%Clear | −2.0%−4.4% to +0.32%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −1.1%−2.2% to +0.04%Not distinguishable from zero | −0.05%−1.4% to +1.3%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −4.2%−8.3% to −0.19%Tentative | −3.9%−7.7% to −0.04%Tentative |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.73%−3.9% to +2.5%Not distinguishable from zero | −1.7%−4.5% to +1.1%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −1.7%−3.4% to 0.00%Tentative | −0.72%−2.2% to +0.76%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +1.4%−0.24% to +2.9%Not distinguishable from zero | +1.2%−0.16% to +2.5%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5%Clear difference | +3.7%+2.5% to +4.8%Clear | +0.52%−0.86% to +1.9%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5%Clear difference | +3.8%+2.3% to +5.2%Clear | +0.22%−0.52% to +1.0%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | +0.01%−0.03% to +0.04%Not distinguishable from zero | 0.00%−0.03% to +0.02%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.13%−1.1% to +1.4%Not distinguishable from zero | +0.30%−0.84% to +1.4%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.34%−0.08% to +0.76%Not distinguishable from zero | +0.74%+0.32% to +1.2%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.52%+0.10% to +0.93%Tentative | +0.35%−0.10% to +0.80%Not distinguishable from zero |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | +0.06%−0.47% to +0.59%Not distinguishable from zero | +0.64%+0.10% to +1.2%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −3.9%−6.3% to −1.5%Tentative | −0.59%−3.5% to +2.3%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −1.2%−2.4% to −0.11%Tentative | +0.44%−0.80% to +1.7%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.84%+0.44% to +1.2%Clear | +1.1%+0.76% to +1.4%Clear |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.08%−0.23% to +0.38%Not distinguishable from zero | −0.24%−0.49% to +0.01%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.