Compare two stocks
JPM and V clearly differ on 4 of 19 forces. The widest gap is momentum: in weeks when recent winners beat the stock market by 1 percentage point, JPM typically moved +0.04% and V −0.54%.
| Economic force | JPMJPMorgan Chase | VVisa Inc. |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +0.44%−1.0% to +1.8%Not distinguishable from zero | −0.01%−0.90% to +0.87%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +1.7%−1.0% to +4.3%Not distinguishable from zero | +0.53%−1.5% to +2.5%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +0.73%−0.73% to +2.2%Not distinguishable from zero | +1.1%+0.06% to +2.1%Tentative |
| Oil and energyIn weeks when the price of oil rose 10% | −0.16%−0.79% to +0.48%Not distinguishable from zero | −0.71%−1.2% to −0.18%Tentative |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −0.79%−2.9% to +1.3%Not distinguishable from zero | −0.88%−2.7% to +0.94%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +0.33%−1.1% to +1.8%Not distinguishable from zero | −0.49%−1.8% to +0.80%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.67%−1.3% to −0.01%Tentative | −0.20%−0.84% to +0.43%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | 0.00%−0.95% to +1.0%Not distinguishable from zero | +0.10%−0.58% to +0.77%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.78%−1.4% to −0.15%Tentative | −0.09%−0.66% to +0.48%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.17%−0.61% to +0.27%Not distinguishable from zero | +0.03%−0.48% to +0.53%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | −0.05%−0.07% to −0.03%Clear | 0.00%−0.01% to +0.01%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.57%−1.2% to +0.09%Not distinguishable from zero | −0.30%−0.74% to +0.15%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage pointClear difference | +0.33%+0.16% to +0.51%Clear | −0.09%−0.29% to +0.11%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.82%+0.63% to +1.0%Clear | +0.40%+0.19% to +0.61%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | +0.04%−0.20% to +0.28%Not distinguishable from zero | −0.54%−0.74% to −0.33%Clear |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +0.19%−2.0% to +2.3%Not distinguishable from zero | +0.68%−0.49% to +1.9%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.26%−0.89% to +0.37%Not distinguishable from zero | +0.11%−0.50% to +0.73%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.32%−0.51% to −0.13%Tentative | −0.60%−0.77% to −0.44%Clear |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.06%−0.07% to +0.19%Not distinguishable from zero | +0.14%−0.03% 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.