Compare two stocks
FLEX and JPM clearly differ on 4 of 19 forces. The widest gap is momentum: in weeks when recent winners beat the stock market by 1 percentage point, FLEX typically moved +1.9% and JPM +0.04%.
| Economic force | FLEXFlex Ltd. | JPMJPMorgan Chase |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +0.30%−1.4% to +2.0%Not distinguishable from zero | +0.44%−1.0% to +1.8%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +2.3%−2.4% to +7.1%Not distinguishable from zero | +1.7%−0.95% to +4.3%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +0.51%−1.3% to +2.3%Not distinguishable from zero | +0.74%−0.72% to +2.2%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.73%−1.9% to +0.46%Not distinguishable from zero | −0.17%−0.80% to +0.46%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +0.05%−4.3% to +4.4%Not distinguishable from zero | −0.79%−2.9% to +1.3%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +0.82%−1.8% to +3.4%Not distinguishable from zero | +0.33%−1.1% to +1.8%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.52%−3.3% to +2.2%Not distinguishable from zero | −0.67%−1.3% to −0.01%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +2.4%+0.24% to +4.6%Tentative | +0.01%−0.95% to +1.0%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.85%−0.69% to +2.4%Not distinguishable from zero | −0.78%−1.4% to −0.15%Tentative |
| CopperIn weeks when the price of copper rose 5% | +0.16%−1.3% to +1.6%Not distinguishable from zero | −0.17%−0.61% to +0.27%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.02%−0.05% to +0.01%Not distinguishable from zero | −0.05%−0.07% to −0.03%Clear |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.31%−0.87% to +1.5%Not distinguishable from zero | −0.57%−1.2% to +0.09%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage pointClear difference | +0.88%+0.52% to +1.2%Clear | +0.33%+0.16% to +0.51%Clear |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.08%−0.33% to +0.48%Not distinguishable from zero | +0.82%+0.63% to +1.0%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | +1.9%+0.94% to +2.9%Clear | +0.04%−0.20% to +0.28%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −3.5%−7.0% to +0.06%Not distinguishable from zero | +0.18%−2.0% to +2.3%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.37%−1.5% to +0.74%Not distinguishable from zero | −0.26%−0.89% to +0.37%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage pointClear difference | +1.0%+0.07% to +1.9%Tentative | −0.32%−0.51% to −0.13%Tentative |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.53%−1.0% to −0.07%Tentative | +0.06%−0.07% to +0.19%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.