Compare two stocks
On none of the 19 forces measured do KMI and WMB differ by more than the noise in the readings: their 90% ranges overlap every time.
| Economic force | KMIKinder Morgan | WMBWilliams Companies |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.15%−1.4% to +1.0%Not distinguishable from zero | −0.19%−1.3% to +0.92%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −0.04%−2.9% to +2.8%Not distinguishable from zero | −0.36%−3.0% to +2.3%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +1.0%−0.68% to +2.6%Not distinguishable from zero | +0.88%−1.0% to +2.7%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +1.2%+0.30% to +2.1%Tentative | +1.4%+0.37% to +2.4%Tentative |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +0.35%−1.6% to +2.3%Not distinguishable from zero | +2.4%+0.16% to +4.6%Tentative |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +0.05%−1.7% to +1.8%Not distinguishable from zero | +1.2%−0.75% to +3.2%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −1.1%−2.3% to +0.10%Not distinguishable from zero | −1.3%−2.4% to −0.26%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +1.1%+0.06% to +2.1%Tentative | +1.1%+0.03% to +2.1%Tentative |
| GoldIn weeks when the price of gold rose 5% | +0.13%−0.71% to +1.0%Not distinguishable from zero | +0.07%−0.81% to +1.0%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.04%−0.69% to +0.77%Not distinguishable from zero | +0.02%−0.62% to +0.66%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | +0.06%+0.03% to +0.08%Clear | +0.04%+0.01% to +0.08%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.27%−1.1% to +0.55%Not distinguishable from zero | −0.38%−1.1% to +0.32%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.43%+0.19% to +0.68%Tentative | +0.32%+0.03% to +0.62%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.71%+0.53% to +0.89%Clear | +0.53%+0.30% to +0.76%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | +0.06%−0.26% to +0.38%Not distinguishable from zero | +0.33%−0.06% to +0.71%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −1.8%−3.4% to −0.22%Tentative | −3.3%−5.1% to −1.5%Tentative |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.03%−0.94% to +0.87%Not distinguishable from zero | −0.51%−1.4% to +0.40%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.08%−0.36% to +0.21%Not distinguishable from zero | +0.03%−0.30% to +0.36%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.04%−0.12% to +0.21%Not distinguishable from zero | +0.02%−0.18% to +0.22%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.