Compare two stocks
HPQ and MU 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, HPQ typically moved −0.28% and MU +2.5%.
| Economic force | HPQHP Inc. | MUMicron Technology |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +0.31%−1.1% to +1.8%Not distinguishable from zero | +0.02%−2.6% to +2.6%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +0.38%−4.0% to +4.7%Not distinguishable from zero | −0.88%−6.6% to +4.9%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −1.8%−3.7% to +0.15%Not distinguishable from zero | −1.8%−4.6% to +0.88%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +0.75%−0.59% to +2.1%Not distinguishable from zero | −0.04%−2.0% to +1.9%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −3.3%−7.2% to +0.51%Not distinguishable from zero | −1.8%−8.3% to +4.8%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.10%−2.2% to +2.0%Not distinguishable from zero | +5.5%+1.5% to +9.6%Tentative |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.31%−1.6% to +1.0%Not distinguishable from zero | −2.4%−4.7% to −0.09%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +2.4%+0.37% to +4.5%Tentative | +1.1%−1.4% to +3.7%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.09%−0.88% to +1.1%Not distinguishable from zero | +2.0%+0.24% to +3.7%Tentative |
| CopperIn weeks when the price of copper rose 5% | +0.19%−0.62% to +1.0%Not distinguishable from zero | +1.4%+0.04% to +2.8%Tentative |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | −0.06%−0.08% to −0.04%Clear | +0.08%+0.01% to +0.15%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.05%−0.73% to +0.63%Not distinguishable from zero | +1.0%−0.19% to +2.3%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.56%+0.22% to +0.90%Tentative | +0.31%−0.27% to +0.89%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.41%+0.11% to +0.70%Tentative | −0.42%−0.83% to −0.02%Tentative |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | −0.28%−0.76% to +0.20%Not distinguishable from zero | +2.5%+1.7% to +3.2%Clear |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −3.3%−6.2% to −0.38%Tentative | −4.8%−8.6% to −0.94%Tentative |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +1.0%−0.15% to +2.1%Not distinguishable from zero | −1.9%−4.0% to +0.13%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage pointClear difference | +0.24%−0.18% to +0.66%Not distinguishable from zero | +2.4%+1.8% to +3.0%Clear |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.01%−0.26% to +0.23%Not distinguishable from zero | −0.70%−1.4% to −0.01%Tentative |
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.