Compare two stocks
ILMN and TFC clearly differ on 3 of 19 forces. The widest gap is market volatility: in weeks when market volatility (the VIX) rose 5 points, ILMN typically moved +0.83% and TFC −1.4%.
| Economic force | ILMNIllumina, Inc. | TFCTruist Financial |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.6%−3.9% to +0.63%Not distinguishable from zero | −2.7%−4.0% to −1.5%Clear |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +6.5%+1.3% to +11.7%Tentative | +6.6%+4.1% to +9.0%Clear |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.07%−3.0% to +2.8%Not distinguishable from zero | +0.06%−1.6% to +1.7%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −1.2%−2.5% to +0.02%Not distinguishable from zero | −0.50%−1.3% to +0.26%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −0.58%−5.7% to +4.5%Not distinguishable from zero | −0.68%−3.5% to +2.2%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −2.9%−7.4% to +1.6%Not distinguishable from zero | −0.80%−2.7% to +1.1%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 pointsClear difference | +0.83%−0.75% to +2.4%Not distinguishable from zero | −1.4%−2.1% to −0.76%Clear |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +1.3%−1.3% to +3.9%Not distinguishable from zero | +1.1%−0.09% to +2.3%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −1.1%−2.7% to +0.48%Not distinguishable from zero | −1.2%−2.0% to −0.45%Tentative |
| CopperIn weeks when the price of copper rose 5% | +0.18%−1.2% to +1.6%Not distinguishable from zero | −0.03%−0.66% to +0.60%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | +0.08%+0.05% to +0.11%Clear | −0.02%−0.07% to +0.03%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.68%−1.0% to +2.4%Not distinguishable from zero | −0.53%−1.5% to +0.43%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.56%+0.08% to +1.0%Tentative | +1.0%+0.84% to +1.2%Clear |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.02%−0.53% to +0.57%Not distinguishable from zero | +1.2%+1.0% to +1.4%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.66%−1.2% to −0.09%Tentative | −0.33%−0.63% to −0.03%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +2.3%−1.5% to +6.1%Not distinguishable from zero | −2.3%−4.3% to −0.34%Tentative |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.81%−0.78% to +2.4%Not distinguishable from zero | −0.10%−0.95% to +0.75%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.06%−0.50% to +0.38%Not distinguishable from zero | −0.21%−0.48% to +0.06%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.10%−0.42% to +0.22%Not distinguishable from zero | +0.11%−0.06% to +0.28%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.