Compare two stocks
GOOGL and ARES clearly differ on 3 of 19 forces. The widest gap is euro: in weeks when the euro rose 2% against the U.S. dollar, GOOGL typically moved +3.7% and ARES −0.62%.
| Economic force | GOOGLAlphabet Inc. (Class A) | ARESAres Management |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +1.9%+0.59% to +3.3%Tentative | +1.2%−0.16% to +2.5%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +0.17%−2.9% to +3.2%Not distinguishable from zero | +0.51%−2.5% to +3.5%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −1.1%−2.6% to +0.37%Not distinguishable from zero | −0.62%−2.7% to +1.4%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.26%−1.0% to +0.51%Not distinguishable from zero | +0.07%−1.1% to +1.2%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +1.1%−1.6% to +3.7%Not distinguishable from zero | +0.01%−3.0% to +3.0%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −1.4%−4.0% to +1.2%Not distinguishable from zero | −2.9%−4.6% to −1.3%Tentative |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | +1.2%+0.11% to +2.2%Tentative | −0.35%−1.8% to +1.1%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −0.81%−2.0% to +0.40%Not distinguishable from zero | +0.49%−0.83% to +1.8%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.60%−1.5% to +0.27%Not distinguishable from zero | −0.46%−1.7% to +0.80%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.40%−1.1% to +0.26%Not distinguishable from zero | −0.53%−1.3% to +0.20%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 | −0.06%−0.09% to −0.02%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.59%−1.4% to +0.25%Not distinguishable from zero | +1.0%+0.06% to +1.9%Tentative |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage pointClear difference | −0.53%−0.81% to −0.25%Clear | +0.34%+0.02% to +0.65%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | −0.63%−0.85% to −0.40%Clear | +0.20%−0.14% to +0.54%Not distinguishable from zero |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.56%−0.87% to −0.24%Tentative | +0.10%−0.33% to +0.53%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollarClear difference | +3.7%+1.7% to +5.7%Clear | −0.62%−2.8% to +1.6%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.16%−1.2% to +0.90%Not distinguishable from zero | +0.61%−0.58% to +1.8%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.02%−0.18% to +0.23%Not distinguishable from zero | −0.23%−0.58% to +0.12%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.16%0.00% to +0.32%Tentative | +0.13%−0.04% to +0.30%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.