Compare two stocks
HWM and WMT clearly differ on 1 of 19 forces. The widest gap is emerging markets: in weeks when emerging-market stocks beat the S&P 500 by 1 percentage point, HWM typically moved +0.37% and WMT −0.24%.
| Economic force | HWMHowmet Aerospace | WMTWalmart |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.29%−1.8% to +1.2%Not distinguishable from zero | +0.17%−1.6% to +1.9%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −1.4%−5.1% to +2.3%Not distinguishable from zero | +0.24%−3.1% to +3.6%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +0.65%−1.2% to +2.5%Not distinguishable from zero | +0.78%−0.86% to +2.4%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.73%−1.7% to +0.20%Not distinguishable from zero | −0.08%−0.78% to +0.62%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +3.8%+0.83% to +6.8%Tentative | +2.3%−0.58% to +5.2%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +1.6%−0.59% to +3.9%Not distinguishable from zero | +0.60%−0.93% to +2.1%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −1.3%−2.4% to −0.13%Tentative | +0.12%−0.68% to +0.91%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.58%−0.73% to +1.9%Not distinguishable from zero | −0.52%−1.6% to +0.55%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.10%−1.1% to +0.88%Not distinguishable from zero | +0.68%−0.21% to +1.6%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.40%−0.16% to +1.0%Not distinguishable from zero | +0.01%−0.65% to +0.68%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.03%−0.06% to 0.00%Not distinguishable from zero | −0.01%−0.03% to +0.01%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.36%−0.23% to +0.94%Not distinguishable from zero | −0.80%−1.6% to −0.02%Tentative |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.37%+0.05% to +0.70%Tentative | −0.02%−0.31% to +0.26%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.53%+0.28% to +0.79%Clear | +0.10%−0.18% to +0.38%Not distinguishable from zero |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | +0.49%+0.18% to +0.81%Tentative | +0.31%+0.04% to +0.58%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −3.3%−5.3% to −1.3%Tentative | −0.24%−2.2% to +1.7%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.35%−1.7% to +1.0%Not distinguishable from zero | +0.18%−0.62% to +1.0%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage pointClear difference | +0.37%+0.09% to +0.65%Tentative | −0.24%−0.54% to +0.07%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.07%−0.11% to +0.26%Not distinguishable from zero | +0.02%−0.14% to +0.18%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.