Compare two stocks
JNJ and ABT clearly differ on 1 of 19 forces. The widest gap is natural gas: in weeks when the U.S. natural gas price (Henry Hub) rose 10%, JNJ typically moved 0.00% and ABT −0.11%.
| Economic force | JNJJohnson & Johnson | ABTAbbott Laboratories |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.3%−2.0% to −0.66%Clear | −0.81%−1.8% to +0.15%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +2.3%+0.11% to +4.6%Tentative | +1.8%−1.2% to +4.9%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.84%−1.8% to +0.11%Not distinguishable from zero | −0.65%−2.4% to +1.1%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.52%−1.2% to +0.16%Not distinguishable from zero | −0.65%−1.5% to +0.17%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +0.19%−1.6% to +2.0%Not distinguishable from zero | +1.3%−1.3% to +3.8%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.73%−2.2% to +0.79%Not distinguishable from zero | −1.4%−3.3% to +0.44%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.93%−1.9% to +0.09%Not distinguishable from zero | −0.28%−1.5% to +0.90%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.14%−0.66% to +0.93%Not distinguishable from zero | −0.06%−1.1% to +0.95%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.46%−0.34% to +1.3%Not distinguishable from zero | −0.24%−1.4% to +0.88%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.30%−0.26% to +0.86%Not distinguishable from zero | −0.48%−1.0% to +0.03%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | 0.00%−0.01% to +0.01%Not distinguishable from zero | −0.11%−0.16% to −0.06%Clear |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.45%−1.1% to +0.22%Not distinguishable from zero | −0.23%−0.95% to +0.49%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.36%+0.17% to +0.56%Clear | +0.07%−0.18% to +0.31%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.77%+0.57% to +1.0%Clear | +0.53%+0.29% to +0.78%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.49%−0.77% to −0.20%Tentative | −0.46%−0.68% to −0.24%Clear |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −1.2%−2.7% to +0.28%Not distinguishable from zero | +1.3%−0.41% to +3.0%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.10%−0.73% to +0.53%Not distinguishable from zero | +0.30%−0.54% to +1.1%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.17%−0.53% to +0.19%Not distinguishable from zero | −0.59%−0.87% to −0.31%Clear |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.13%−0.05% to +0.31%Not distinguishable from zero | +0.14%−0.06% to +0.34%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.