Compare two stocks
GE and AJG 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, GE typically moved +0.55% and AJG −0.57%.
| Economic force | GEGE Aerospace | AJGArthur J. Gallagher & Co. |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +0.13%−0.87% to +1.1%Not distinguishable from zero | −0.45%−2.2% to +1.3%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +3.7%+1.0% to +6.4%Tentative | +1.9%−1.7% to +5.4%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +0.56%−1.0% to +2.1%Not distinguishable from zero | +0.82%−0.70% to +2.4%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −2.0%−2.7% to −1.2%Clear | −0.69%−1.3% to −0.04%Tentative |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +0.87%−2.0% to +3.8%Not distinguishable from zero | −0.13%−3.0% to +2.7%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.49%−2.1% to +1.2%Not distinguishable from zero | +0.61%−1.8% to +3.0%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −1.3%−2.6% to 0.00%Tentative | −0.77%−1.6% to +0.09%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −0.47%−1.9% to +0.94%Not distinguishable from zero | +0.01%−1.0% to +1.0%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.09%−1.1% to +1.2%Not distinguishable from zero | +0.28%−0.64% to +1.2%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.25%−0.47% to +1.0%Not distinguishable from zero | +0.79%+0.04% to +1.5%Tentative |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | −0.09%−0.12% to −0.06%Clear | +0.01%−0.03% to +0.04%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.20%−1.0% to +0.59%Not distinguishable from zero | −0.14%−0.92% to +0.64%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.31%+0.08% to +0.55%Tentative | +0.01%−0.25% to +0.28%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.43%+0.15% to +0.72%Tentative | +0.56%+0.27% to +0.86%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | +0.55%+0.28% to +0.81%Clear | −0.57%−1.0% to −0.18%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −2.7%−4.3% to −1.1%Tentative | −0.35%−2.6% to +1.9%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.56%−1.3% to +0.19%Not distinguishable from zero | +0.07%−1.1% to +1.2%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage pointClear difference | +0.06%−0.15% to +0.26%Not distinguishable from zero | −0.66%−1.0% to −0.33%Clear |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage pointClear difference | −0.02%−0.15% to +0.11%Not distinguishable from zero | +0.36%+0.17% to +0.54%Clear |
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.