Compare two stocks
IVZ and COIN clearly differ on 2 of 19 forces. The widest gap is bitcoin: in weeks when the price of bitcoin rose 10%, IVZ typically moved +0.48% and COIN +10.4%.
| Economic force | IVZInvesco | COINCoinbase |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −2.8%−4.3% to −1.2%Clear | −2.8%−5.9% to +0.36%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +7.8%+4.3% to +11.3%Clear | +9.1%−1.4% to +19.6%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.22%−2.1% to +1.7%Not distinguishable from zero | +0.79%−4.8% to +6.4%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.79%−1.9% to +0.34%Not distinguishable from zero | −0.75%−3.4% to +1.9%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −1.2%−3.3% to +0.93%Not distinguishable from zero | −2.6%−10.5% to +5.3%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.24%−2.4% to +1.9%Not distinguishable from zero | +2.1%−3.2% to +7.5%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −1.0%−1.9% to +0.03%Not distinguishable from zero | +1.0%−2.3% to +4.4%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −0.07%−1.2% to +1.0%Not distinguishable from zero | −2.0%−5.5% to +1.5%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.25%−0.91% to +0.42%Not distinguishable from zero | −1.5%−3.9% to +0.88%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.53%−0.08% to +1.1%Not distinguishable from zero | −0.30%−2.8% to +2.2%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.05%−0.10% to 0.00%Tentative | −0.13%−0.27% to 0.00%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10%Clear difference | +0.48%−0.16% to +1.1%Not distinguishable from zero | +10.4%+8.8% to +11.9%Clear |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.84%+0.51% to +1.2%Clear | +1.1%+0.22% to +2.0%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.80%+0.52% to +1.1%Clear | −0.52%−1.4% to +0.40%Not distinguishable from zero |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.14%−0.49% to +0.21%Not distinguishable from zero | −0.26%−1.0% to +0.47%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −1.6%−3.8% to +0.63%Not distinguishable from zero | +2.4%−3.9% to +8.7%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.13%−1.1% to +0.81%Not distinguishable from zero | +2.6%+0.21% to +5.0%Tentative |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.37%+0.13% to +0.62%Tentative | −0.31%−1.2% to +0.56%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.11%−0.06% to +0.29%Not distinguishable from zero | −0.20%−0.60% to +0.20%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.