Compare two stocks
JNJ and BLK 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 BLK −0.03%.
| Economic force | JNJJohnson & Johnson | BLKBlackRock |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.3%−2.0% to −0.66%Clear | −0.77%−1.8% to +0.30%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 | +2.5%+0.61% to +4.4%Tentative |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.84%−1.8% to +0.11%Not distinguishable from zero | −1.0%−2.1% to +0.03%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 | −0.79%−1.7% to +0.09%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 | −0.74%−2.6% to +1.2%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 | −2.3%−3.8% to −0.85%Tentative |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.93%−1.9% to +0.09%Not distinguishable from zero | −0.59%−1.3% to +0.07%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 | +0.03%−0.82% to +0.87%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.46%−0.34% to +1.3%Not distinguishable from zero | −0.57%−1.3% to +0.13%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.30%−0.26% to +0.86%Not distinguishable from zero | −0.37%−0.90% to +0.16%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 | −0.03%−0.04% to −0.02%Clear |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.45%−1.1% to +0.22%Not distinguishable from zero | +0.31%−0.29% to +0.90%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 | +0.28%+0.09% to +0.48%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.77%+0.57% to +1.0%Clear | +0.45%+0.23% to +0.68%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.49%−0.77% to −0.20%Tentative | −0.19%−0.49% to +0.10%Not distinguishable from zero |
| 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%−0.17% to +2.8%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 | +0.31%−0.42% to +1.0%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 | +0.02%−0.17% to +0.22%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.13%−0.05% to +0.31%Not distinguishable from zero | +0.09%−0.02% 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.