Compare two stocks
HLT and AJG clearly differ on 2 of 19 forces. The widest gap is momentum: in weeks when recent winners beat the stock market by 1 percentage point, HLT typically moved +0.20% and AJG −0.57%.
| Economic force | HLTHilton Worldwide | AJGArthur J. Gallagher & Co. |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.71%−1.3% to −0.11%Tentative | −0.55%−2.5% to +1.4%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +1.6%+0.06% to +3.1%Tentative | +2.0%−1.6% to +5.7%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +1.6%+0.61% to +2.5%Clear | +0.74%−0.82% to +2.3%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.91%−1.4% to −0.40%Clear | −0.70%−1.3% to −0.09%Tentative |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −0.51%−2.3% to +1.3%Not distinguishable from zero | −0.30%−3.3% to +2.7%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +0.40%−1.0% to +1.8%Not distinguishable from zero | +0.72%−1.6% to +3.1%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.02%−0.71% to +0.68%Not distinguishable from zero | −0.75%−1.6% to +0.10%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −0.60%−1.4% to +0.17%Not distinguishable from zero | −0.10%−1.1% to +0.88%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.50%−1.1% to +0.06%Not distinguishable from zero | +0.29%−0.62% to +1.2%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.05%−0.53% to +0.63%Not distinguishable from zero | +0.80%+0.05% to +1.6%Tentative |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.01%−0.03% to +0.01%Not distinguishable from zero | +0.01%−0.03% to +0.04%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.31%−0.79% to +0.17%Not distinguishable from zero | −0.15%−0.93% to +0.63%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.27%+0.12% to +0.43%Tentative | +0.01%−0.25% to +0.27%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.37%+0.18% to +0.55%Clear | +0.57%+0.28% to +0.87%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | +0.20%−0.01% to +0.41%Not distinguishable from zero | −0.57%−1.0% to −0.18%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −1.3%−2.8% to +0.32%Not distinguishable from zero | −0.48%−2.8% to +1.8%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.89%−1.6% to −0.20%Tentative | +0.03%−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 | +0.04%−0.18% 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 point | +0.07%−0.04% to +0.18%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.