Compare two stocks
JCI and MSFT clearly differ on 5 of 19 forces. The widest gap is euro: in weeks when the euro rose 2% against the U.S. dollar, JCI typically moved −4.6% and MSFT +1.0%.
| Economic force | JCIJohnson Controls | MSFTMicrosoft |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +1.3%+0.03% to +2.5%Tentative | +1.4%+0.54% to +2.2%Clear |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −1.1%−3.8% to +1.7%Not distinguishable from zero | −1.9%−4.4% to +0.65%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.42%−1.9% to +1.1%Not distinguishable from zero | −0.22%−1.6% to +1.1%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +0.10%−0.81% to +1.0%Not distinguishable from zero | −0.10%−1.1% to +0.88%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +2.2%−0.34% to +4.8%Not distinguishable from zero | +2.8%+0.36% to +5.2%Tentative |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +1.5%−1.0% to +3.9%Not distinguishable from zero | −0.68%−2.6% to +1.3%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 pointsClear difference | −1.2%−2.1% to −0.30%Tentative | +1.3%+0.36% to +2.2%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −0.64%−2.0% to +0.67%Not distinguishable from zero | −0.54%−1.7% to +0.60%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −1.0%−1.7% to −0.25%Tentative | +0.19%−0.54% to +0.91%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.27%−0.45% to +1.0%Not distinguishable from zero | −0.51%−1.0% to −0.03%Tentative |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | −0.02%−0.04% to 0.00%Tentative | +0.04%+0.02% to +0.07%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.21%−1.3% to +0.92%Not distinguishable from zero | +0.49%−0.22% to +1.2%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage pointClear difference | +0.34%+0.07% to +0.61%Tentative | −0.66%−0.88% to −0.43%Clear |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.52%+0.19% to +0.84%Tentative | −0.80%−1.1% to −0.53%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | +0.29%−0.09% to +0.67%Not distinguishable from zero | −0.51%−1.1% to +0.04%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollarClear difference | −4.6%−6.7% to −2.6%Clear | +1.0%−0.76% to +2.8%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.41%−0.63% to +1.5%Not distinguishable from zero | +0.27%−0.93% to +1.5%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.05%−0.32% to +0.42%Not distinguishable from zero | −0.44%−0.72% to −0.17%Tentative |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.08%−0.11% to +0.26%Not distinguishable from zero | +0.09%−0.15% to +0.32%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.