Compare two stocks
FDX and ILMN clearly differ on 2 of 19 forces. The widest gap is value vs growth: in weeks when value stocks beat growth stocks by 1 percentage point, FDX typically moved +0.91% and ILMN +0.02%.
| Economic force | FDXFedEx | ILMNIllumina, Inc. |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.5%−2.7% to −0.24%Tentative | −1.6%−3.9% to +0.63%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +5.2%+1.9% to +8.5%Clear | +6.5%+1.3% to +11.7%Tentative |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +0.20%−1.3% to +1.7%Not distinguishable from zero | −0.07%−3.0% to +2.8%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.85%−1.8% to +0.14%Not distinguishable from zero | −1.2%−2.5% to +0.02%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −0.91%−4.2% to +2.3%Not distinguishable from zero | −0.58%−5.7% to +4.5%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.17%−2.6% to +2.2%Not distinguishable from zero | −2.9%−7.4% to +1.6%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −1.1%−2.0% to −0.22%Tentative | +0.83%−0.75% to +2.4%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +1.6%+0.17% to +3.0%Tentative | +1.3%−1.3% to +3.9%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.72%−1.5% to +0.03%Not distinguishable from zero | −1.1%−2.7% to +0.48%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.04%−0.84% to +0.92%Not distinguishable from zero | +0.18%−1.2% to +1.6%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | −0.02%−0.05% to 0.00%Tentative | +0.08%+0.05% to +0.11%Clear |
| BitcoinIn weeks when the price of bitcoin rose 10% | −1.4%−2.5% to −0.33%Tentative | +0.68%−1.0% to +2.4%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.58%+0.29% to +0.88%Clear | +0.56%+0.08% to +1.0%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.91%+0.62% to +1.2%Clear | +0.02%−0.53% to +0.57%Not distinguishable from zero |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.51%−1.0% to −0.06%Tentative | −0.66%−1.2% to −0.09%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −0.40%−2.9% to +2.1%Not distinguishable from zero | +2.3%−1.5% to +6.1%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.36%−1.7% to +1.0%Not distinguishable from zero | +0.81%−0.78% to +2.4%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.04%−0.28% to +0.36%Not distinguishable from zero | −0.06%−0.50% to +0.38%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.07%−0.23% to +0.10%Not distinguishable from zero | −0.10%−0.42% to +0.22%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.