Compare two stocks
HRL and DGX clearly differ on 1 of 19 forces. The widest gap is natural gas: in weeks when the U.S. natural gas price (Henry Hub) rose 10%, HRL typically moved +0.02% and DGX −0.07%.
| Economic force | HRLHormel Foods | DGXQuest Diagnostics |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.65%−2.1% to +0.75%Not distinguishable from zero | −0.68%−1.6% to +0.21%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −1.8%−4.5% to +0.93%Not distinguishable from zero | −0.14%−2.2% to +1.9%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −1.6%−3.1% to −0.15%Tentative | −1.0%−2.0% to +0.14%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.20%−1.1% to +0.70%Not distinguishable from zero | −0.21%−0.89% to +0.47%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −1.3%−4.3% to +1.7%Not distinguishable from zero | −0.91%−3.2% to +1.4%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −1.9%−4.1% to +0.22%Not distinguishable from zero | −0.11%−1.8% to +1.6%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.85%−1.8% to +0.10%Not distinguishable from zero | −0.62%−1.4% to +0.20%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.61%−0.51% to +1.7%Not distinguishable from zero | +0.06%−0.64% to +0.76%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.10%−1.3% to +1.1%Not distinguishable from zero | +0.25%−0.57% to +1.1%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.41%−0.24% to +1.1%Not distinguishable from zero | −0.42%−0.90% to +0.05%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | +0.02%0.00% to +0.03%Tentative | −0.07%−0.09% to −0.05%Clear |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.08%−0.79% to +0.94%Not distinguishable from zero | −0.18%−0.80% to +0.44%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.69%+0.38% to +1.0%Clear | +0.23%+0.04% to +0.42%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.55%+0.36% to +0.74%Clear | +0.50%+0.31% to +0.69%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.02%−0.39% to +0.36%Not distinguishable from zero | −0.35%−0.59% to −0.10%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +1.8%−0.39% to +3.9%Not distinguishable from zero | −0.88%−2.5% to +0.79%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.48%−1.3% to +0.35%Not distinguishable from zero | −0.33%−1.0% to +0.33%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.04%−0.23% to +0.30%Not distinguishable from zero | −0.12%−0.43% to +0.19%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.07%−0.06% to +0.20%Not distinguishable from zero | +0.16%+0.01% to +0.31%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.