Compare two stocks
IBM and AMZN clearly differ on 1 of 19 forces. The widest gap is small vs large companies: in weeks when small companies beat large ones by 1 percentage point, IBM typically moved +0.28% and AMZN −0.37%.
| Economic force | IBM | AMZNAmazon |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.42%−1.6% to +0.72%Not distinguishable from zero | +0.32%−0.38% to +1.0%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +0.75%−2.6% to +4.1%Not distinguishable from zero | +0.75%−1.3% to +2.8%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.33%−2.2% to +1.5%Not distinguishable from zero | −0.41%−1.7% to +0.83%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.54%−2.6% to +1.6%Not distinguishable from zero | −0.32%−1.2% to +0.53%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −1.4%−4.2% to +1.4%Not distinguishable from zero | −0.89%−3.2% to +1.4%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −2.8%−5.5% to −0.03%Tentative | −0.78%−2.6% to +1.0%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | +0.25%−1.2% to +1.7%Not distinguishable from zero | +0.06%−1.0% to +1.2%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −0.16%−1.8% to +1.5%Not distinguishable from zero | +0.14%−1.0% to +1.3%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.76%−0.46% to +2.0%Not distinguishable from zero | −0.65%−1.6% to +0.34%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.27%−0.80% to +0.26%Not distinguishable from zero | +0.06%−0.45% to +0.58%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.02%−0.07% to +0.03%Not distinguishable from zero | +0.02%−0.01% to +0.04%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.08%−0.59% to +0.76%Not distinguishable from zero | +0.69%−0.07% to +1.4%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage pointClear difference | +0.28%−0.01% to +0.57%Not distinguishable from zero | −0.37%−0.64% to −0.10%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | −0.05%−0.47% to +0.37%Not distinguishable from zero | −0.57%−0.87% to −0.27%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.22%−0.89% to +0.46%Not distinguishable from zero | −0.27%−0.75% to +0.22%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −0.73%−3.4% to +1.9%Not distinguishable from zero | +1.9%−0.16% to +4.0%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +1.7%+0.70% to +2.8%Tentative | +0.27%−0.79% to +1.3%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.14%−0.73% to +0.46%Not distinguishable from zero | −0.30%−0.57% to −0.02%Tentative |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | 0.00%−0.33% to +0.32%Not distinguishable from zero | +0.08%−0.17% to +0.32%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.