Compare two stocks
FIX and CVS clearly differ on 3 of 19 forces. The widest gap is euro: in weeks when the euro rose 2% against the U.S. dollar, FIX typically moved −4.9% and CVS +2.0%.
| Economic force | FIXComfort Systems USA | CVSCVS Health |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +0.04%−2.0% to +2.1%Not distinguishable from zero | −0.22%−2.3% to +1.9%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −0.27%−4.9% to +4.4%Not distinguishable from zero | −0.16%−4.2% to +3.8%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.81%−3.2% to +1.5%Not distinguishable from zero | −1.9%−3.6% to −0.21%Tentative |
| Oil and energyIn weeks when the price of oil rose 10% | +0.82%−0.52% to +2.2%Not distinguishable from zero | +0.64%−0.24% to +1.5%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +1.5%−2.5% to +5.5%Not distinguishable from zero | +1.5%−1.6% to +4.5%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +3.7%+0.84% to +6.5%Tentative | +1.8%−0.68% to +4.2%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −1.9%−4.2% to +0.45%Not distinguishable from zero | −0.12%−1.4% to +1.2%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.54%−1.5% to +2.6%Not distinguishable from zero | −1.1%−2.8% to +0.55%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −1.0%−2.1% to +0.05%Not distinguishable from zero | +0.62%−1.1% to +2.4%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.29%−1.3% to +0.70%Not distinguishable from zero | −0.23%−1.1% to +0.61%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | 0.00%−0.03% to +0.03%Not distinguishable from zero | +0.05%−0.01% to +0.11%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | +1.1%−0.26% to +2.5%Not distinguishable from zero | −0.30%−1.3% to +0.72%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.75%+0.26% to +1.2%Tentative | +0.53%+0.13% to +0.93%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.34%−0.08% to +0.76%Not distinguishable from zero | +1.2%+0.84% to +1.5%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | +1.7%+1.1% to +2.2%Clear | −0.03%−0.43% to +0.37%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollarClear difference | −4.9%−8.4% to −1.3%Tentative | +2.0%−1.1% to +5.1%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.21%−1.2% to +1.6%Not distinguishable from zero | −0.73%−2.4% to +0.94%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.29%−0.25% to +0.82%Not distinguishable from zero | −0.03%−0.46% to +0.40%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.20%−0.53% to +0.13%Not distinguishable from zero | +0.10%−0.19% to +0.40%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.