Compare two stocks
GOOG and CSCO clearly differ on 2 of 19 forces. The widest gap is euro: in weeks when the euro rose 2% against the U.S. dollar, GOOG typically moved +3.6% and CSCO −1.0%.
| Economic force | GOOGAlphabet Inc. (Class C) | CSCOCisco |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +2.0%+0.68% to +3.3%Tentative | +1.4%+0.15% to +2.7%Tentative |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −0.05%−3.0% to +2.9%Not distinguishable from zero | +0.71%−2.0% to +3.4%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −1.1%−2.5% to +0.34%Not distinguishable from zero | +0.26%−1.2% to +1.7%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.23%−1.0% to +0.52%Not distinguishable from zero | +0.10%−0.75% to +1.0%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +1.0%−1.5% to +3.5%Not distinguishable from zero | +0.87%−1.2% to +2.9%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −1.3%−3.9% to +1.3%Not distinguishable from zero | +0.43%−1.5% to +2.4%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | +1.2%+0.17% to +2.3%Tentative | +0.54%−0.19% to +1.3%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −0.81%−2.0% to +0.38%Not distinguishable from zero | +0.16%−0.62% to +0.95%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.56%−1.4% to +0.32%Not distinguishable from zero | −0.11%−1.0% to +0.74%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.37%−1.0% to +0.28%Not distinguishable from zero | +0.12%−0.32% to +0.55%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 | −0.01%−0.02% to 0.00%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.58%−1.4% to +0.26%Not distinguishable from zero | −0.84%−1.5% to −0.20%Tentative |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | −0.51%−0.79% to −0.24%Clear | −0.09%−0.35% to +0.18%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | −0.61%−0.83% to −0.38%Clear | +0.15%−0.10% to +0.41%Not distinguishable from zero |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.56%−0.88% to −0.24%Tentative | −0.15%−0.51% to +0.22%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollarClear difference | +3.6%+1.7% to +5.6%Clear | −1.0%−3.0% to +1.0%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.11%−1.2% to +0.94%Not distinguishable from zero | +0.15%−0.67% to +1.0%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.04%−0.17% to +0.24%Not distinguishable from zero | −0.08%−0.42% to +0.26%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.16%0.00% to +0.33%Tentative | +0.07%−0.05% 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.