Compare two stocks
FOX and BNY clearly differ on 2 of 19 forces. The widest gap is market volatility: in weeks when market volatility (the VIX) rose 5 points, FOX typically moved +1.0% and BNY −1.0%.
| Economic force | FOXFox Corporation (Class B) | BNYBNY Mellon |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.14%−1.4% to +1.1%Not distinguishable from zero | −0.50%−1.4% to +0.44%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +3.6%+0.72% to +6.5%Tentative | +3.2%+1.1% to +5.2%Tentative |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +0.28%−1.6% to +2.1%Not distinguishable from zero | +0.08%−1.0% to +1.2%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.13%−1.1% to +0.89%Not distinguishable from zero | −0.11%−0.71% to +0.49%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −0.02%−2.8% to +2.8%Not distinguishable from zero | +1.3%−0.38% to +2.9%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −3.4%−6.0% to −0.82%Tentative | −1.1%−2.1% to +0.04%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 pointsClear difference | +1.0%−0.08% to +2.1%Not distinguishable from zero | −1.0%−1.6% to −0.35%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.11%−1.0% to +1.2%Not distinguishable from zero | −0.02%−0.92% to +0.89%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −1.0%−1.8% to −0.20%Tentative | −0.48%−1.1% to +0.11%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.06%−0.57% to +0.45%Not distinguishable from zero | −0.19%−0.54% to +0.16%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | +0.02%0.00% to +0.04%Not distinguishable from zero | 0.00%−0.04% to +0.03%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.38%−1.3% to +0.56%Not distinguishable from zero | −0.36%−0.92% to +0.19%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.06%−0.28% to +0.40%Not distinguishable from zero | +0.36%+0.15% to +0.58%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.39%+0.03% to +0.74%Tentative | +0.63%+0.46% to +0.80%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | −1.2%−1.5% to −0.80%Clear | −0.08%−0.30% to +0.13%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +0.26%−2.0% to +2.5%Not distinguishable from zero | −0.45%−1.9% to +1.0%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.89%+0.02% to +1.8%Tentative | −0.16%−0.74% to +0.42%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.76%−1.3% to −0.21%Tentative | −0.21%−0.39% to −0.03%Tentative |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.44%+0.12% to +0.76%Tentative | +0.13%0.00% to +0.25%Tentative |
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.