Compare two stocks
On none of the 19 forces measured do ITW and OTIS differ by more than the noise in the readings: their 90% ranges overlap every time.
| Economic force | ITWIllinois Tool Works | OTISOtis Worldwide |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.41%−1.0% to +0.16%Not distinguishable from zero | −0.75%−1.5% to +0.03%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +0.62%−1.1% to +2.4%Not distinguishable from zero | +0.01%−1.7% to +1.7%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.81%−1.8% to +0.14%Not distinguishable from zero | −1.3%−2.2% to −0.33%Tentative |
| Oil and energyIn weeks when the price of oil rose 10% | −0.87%−1.3% to −0.39%Clear | −0.52%−1.0% to −0.09%Tentative |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −1.9%−3.3% to −0.46%Tentative | −1.1%−2.7% to +0.60%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.86%−2.1% to +0.39%Not distinguishable from zero | +1.4%+0.03% to +2.8%Tentative |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.08%−0.67% to +0.51%Not distinguishable from zero | −0.20%−1.1% to +0.66%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −0.28%−1.0% to +0.44%Not distinguishable from zero | −0.87%−1.6% to −0.19%Tentative |
| GoldIn weeks when the price of gold rose 5% | +0.01%−0.56% to +0.58%Not distinguishable from zero | +0.85%+0.28% to +1.4%Tentative |
| CopperIn weeks when the price of copper rose 5% | +0.20%−0.14% to +0.55%Not distinguishable from zero | +0.40%+0.01% to +0.79%Tentative |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.03%−0.05% to −0.01%Tentative | 0.00%−0.02% to +0.03%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.35%−1.0% to +0.33%Not distinguishable from zero | 0.00%−0.46% to +0.47%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.54%+0.38% to +0.71%Clear | +0.21%−0.04% to +0.45%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.83%+0.62% to +1.0%Clear | +0.45%+0.27% to +0.64%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.43%−0.66% to −0.20%Clear | −0.26%−0.46% to −0.05%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +0.22%−1.7% to +2.1%Not distinguishable from zero | −0.94%−3.0% to +1.1%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.18%−0.50% to +0.87%Not distinguishable from zero | −0.37%−0.93% to +0.18%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.02%−0.20% to +0.25%Not distinguishable from zero | +0.19%−0.11% to +0.48%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.13%+0.03% to +0.24%Tentative | +0.11%−0.08% 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.