Compare two stocks
GLW and CLX clearly differ on 3 of 19 forces. The widest gap is momentum: in weeks when recent winners beat the stock market by 1 percentage point, GLW typically moved +1.3% and CLX −0.29%.
| Economic force | GLWCorning Inc. | CLXClorox |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.49%−2.0% to +1.0%Not distinguishable from zero | −1.2%−2.1% to −0.40%Tentative |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −0.20%−4.6% to +4.2%Not distinguishable from zero | −0.57%−3.6% to +2.5%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.23%−2.8% to +2.4%Not distinguishable from zero | +0.48%−0.56% to +1.5%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −1.7%−3.5% to +0.10%Not distinguishable from zero | −1.8%−2.4% to −1.2%Clear |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −0.29%−4.7% to +4.1%Not distinguishable from zero | −0.53%−3.0% to +1.9%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +0.81%−2.1% to +3.7%Not distinguishable from zero | −0.47%−2.4% to +1.5%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −1.2%−3.1% to +0.76%Not distinguishable from zero | +0.62%−0.22% to +1.5%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.42%−1.1% to +1.9%Not distinguishable from zero | −0.77%−1.7% to +0.19%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.57%−1.0% to +2.2%Not distinguishable from zero | +1.2%+0.27% to +2.1%Tentative |
| CopperIn weeks when the price of copper rose 5% | −0.68%−2.3% to +0.95%Not distinguishable from zero | +0.09%−0.71% to +0.89%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | −0.04%−0.08% to −0.01%Tentative | +0.03%+0.01% to +0.05%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | −1.0%−2.3% to +0.24%Not distinguishable from zero | −0.16%−0.82% to +0.51%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.82%+0.36% to +1.3%Tentative | +0.18%−0.05% to +0.41%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.42%−0.22% to +1.1%Not distinguishable from zero | +0.56%+0.33% to +0.78%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | +1.3%+0.63% to +1.9%Clear | −0.29%−0.53% to −0.04%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −6.0%−9.4% to −2.5%Tentative | −0.90%−2.9% to +1.1%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.55%−2.1% to +1.0%Not distinguishable from zero | −0.83%−1.8% to +0.15%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage pointClear difference | +0.87%+0.29% to +1.5%Tentative | −0.15%−0.42% to +0.12%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.55%−0.93% to −0.17%Tentative | −0.03%−0.20% to +0.14%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.