Compare two stocks
IP and FITB clearly differ on 2 of 19 forces. The widest gap is gold: in weeks when the price of gold rose 5%, IP typically moved +1.3% and FITB −1.1%.
| Economic force | IPInternational Paper | FITBFifth Third Bancorp |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −3.0%−4.5% to −1.6%Clear | −3.6%−5.3% to −2.0%Clear |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +6.7%+2.6% to +10.7%Clear | +7.3%+4.3% to +10.4%Clear |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.32%−2.4% to +1.7%Not distinguishable from zero | −0.24%−1.8% to +1.4%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −2.4%−3.6% to −1.2%Clear | −0.72%−1.5% to +0.06%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −4.0%−7.8% to −0.18%Tentative | −3.2%−6.3% to −0.21%Tentative |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.60%−4.5% to +3.3%Not distinguishable from zero | −1.6%−4.0% to +0.79%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.74%−1.9% to +0.44%Not distinguishable from zero | −1.4%−2.3% to −0.40%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +1.6%−0.07% to +3.2%Not distinguishable from zero | +0.88%−0.23% to +2.0%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5%Clear difference | +1.3%−0.06% to +2.6%Not distinguishable from zero | −1.1%−2.2% to −0.08%Tentative |
| CopperIn weeks when the price of copper rose 5%Clear difference | +1.6%+0.38% to +2.7%Tentative | −0.31%−1.0% to +0.36%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | 0.00%−0.02% to +0.01%Not distinguishable from zero | +0.01%−0.06% to +0.07%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.09%−1.1% to +0.87%Not distinguishable from zero | −0.53%−1.6% to +0.52%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.92%+0.53% to +1.3%Clear | +1.2%+1.0% to +1.4%Clear |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +1.0%+0.59% to +1.4%Clear | +1.3%+1.1% to +1.5%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.01%−0.53% to +0.52%Not distinguishable from zero | −0.36%−0.71% to −0.01%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −1.4%−4.3% to +1.4%Not distinguishable from zero | −1.9%−3.9% to +0.13%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −1.1%−2.2% to +0.11%Not distinguishable from zero | −0.01%−0.89% to +0.87%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.15%−0.24% to +0.54%Not distinguishable from zero | −0.29%−0.56% to −0.03%Tentative |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.04%−0.17% to +0.24%Not distinguishable from zero | 0.00%−0.18% 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.