Compare two stocks
IBM and CMG clearly differ on 1 of 19 forces. The widest gap is japanese yen: in weeks when the yen rose 2% against the U.S. dollar, IBM typically moved +1.7% and CMG −0.63%.
| Economic force | IBM | CMGChipotle Mexican Grill |
|---|---|---|
| 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 | −0.02%−1.4% to +1.4%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 | +0.08%−3.9% to +4.1%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 | −0.80%−3.1% to +1.5%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 | −0.59%−1.5% to +0.33%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 | −1.3%−4.9% to +2.2%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 | −3.0%−5.6% to −0.33%Tentative |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | +0.25%−1.2% to +1.7%Not distinguishable from zero | −1.3%−3.0% to +0.47%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 | −0.60%−2.1% to +0.91%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.76%−0.46% to +2.0%Not distinguishable from zero | +0.23%−1.3% to +1.8%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.27%−0.80% to +0.26%Not distinguishable from zero | +0.52%−0.23% to +1.3%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%0.00% to +0.05%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.08%−0.59% to +0.76%Not distinguishable from zero | +0.59%−0.30% to +1.5%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.28%−0.01% to +0.57%Not distinguishable from zero | +0.07%−0.56% to +0.69%Not distinguishable from zero |
| 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 | +0.19%−0.27% to +0.66%Not distinguishable from zero |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.22%−0.89% to +0.46%Not distinguishable from zero | −0.21%−0.78% to +0.37%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 | +1.4%−1.2% to +3.9%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollarClear difference | +1.7%+0.70% to +2.8%Tentative | −0.63%−1.9% to +0.66%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 | −0.17%−0.52% to +0.18%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | 0.00%−0.33% to +0.32%Not distinguishable from zero | +0.12%−0.10% to +0.35%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.