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IFF vs DHR · data through Oct 2, 2026

On none of the 19 forces measured do IFF and DHR differ by more than the noise in the readings: their 90% ranges overlap every time.

IFFDHRBars: 90% ranges. Hollow: could not be told apart from zero.Same figures in the table below.
Economic forceIFFInternational Flavors & FragrancesDHRDanaher Corporation
Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points−1.1%−2.0% to −0.31%Tentative−0.49%−1.6% to +0.63%Not distinguishable from zero
Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points−0.06%−2.9% to +2.7%Not distinguishable from zero+0.54%−2.5% to +3.5%Not distinguishable from zero
U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2%−1.7%−3.2% to −0.21%Tentative−1.0%−2.7% to +0.73%Not distinguishable from zero
Oil and energyIn weeks when the price of oil rose 10%−1.7%−2.5% to −1.0%Clear−1.6%−2.5% to −0.74%Clear
Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points−2.6%−5.2% to −0.03%Tentative−1.7%−4.7% to +1.3%Not distinguishable from zero
Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points−0.78%−3.1% to +1.5%Not distinguishable from zero−1.5%−3.6% to +0.69%Not distinguishable from zero
Market volatilityIn weeks when market volatility (the VIX) rose 5 points+0.13%−0.69% to +1.0%Not distinguishable from zero−0.56%−1.8% to +0.64%Not distinguishable from zero
Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points+1.0%−0.40% to +2.3%Not distinguishable from zero+0.66%−0.44% to +1.8%Not distinguishable from zero
GoldIn weeks when the price of gold rose 5%+1.2%+0.18% to +2.3%Tentative+0.21%−0.82% to +1.2%Not distinguishable from zero
CopperIn weeks when the price of copper rose 5%+1.3%+0.58% to +2.0%Clear+0.46%−0.33% to +1.3%Not distinguishable from zero
Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%+0.02%0.00% to +0.04%Not distinguishable from zero−0.01%−0.04% to +0.02%Not distinguishable from zero
BitcoinIn weeks when the price of bitcoin rose 10%−0.64%−1.3% to +0.05%Not distinguishable from zero+0.21%−0.93% to +1.3%Not distinguishable from zero
Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point+0.39%+0.08% to +0.70%Tentative+0.54%+0.25% to +0.83%Clear
Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point+0.81%+0.57% to +1.0%Clear+0.67%+0.39% to +1.0%Clear
MomentumIn weeks when recent winners beat the stock market by 1 percentage point−0.45%−0.86% to −0.04%Tentative−0.83%−1.1% to −0.54%Clear
EuroIn weeks when the euro rose 2% against the U.S. dollar−0.45%−2.9% to +1.9%Not distinguishable from zero+2.3%+0.55% to +4.1%Tentative
Japanese yenIn weeks when the yen rose 2% against the U.S. dollar−0.41%−1.3% to +0.47%Not distinguishable from zero0.00%−1.3% to +1.3%Not distinguishable from zero
Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point+0.35%−0.13% to +0.84%Not distinguishable from zero−0.21%−0.59% to +0.17%Not distinguishable from zero
ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point+0.03%−0.14% to +0.21%Not distinguishable from zero+0.12%−0.06% to +0.30%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.

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Every figure on these pages is one stock at a time. The app measures a whole portfolio: which forces it is exposed to, which holdings cause it, and how sure the reading is. Free, no account for the first report.