Compare two stocks
LITE and ADSK clearly differ on 2 of 19 forces. The widest gap is market volatility: in weeks when market volatility (the VIX) rose 5 points, LITE typically moved −3.9% and ADSK +1.1%.
| Economic force | LITELumentum | ADSKAutodesk |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −2.2%−4.6% to +0.19%Not distinguishable from zero | −1.7%−3.2% to −0.14%Tentative |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +2.2%−3.3% to +7.7%Not distinguishable from zero | +2.0%−0.52% to +4.6%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +1.5%−1.1% to +4.0%Not distinguishable from zero | +1.4%−0.38% to +3.2%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +1.7%−0.72% to +4.1%Not distinguishable from zero | +0.67%−0.28% to +1.6%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +3.8%−1.5% to +9.1%Not distinguishable from zero | +0.54%−2.9% to +4.0%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +3.9%+0.23% to +7.6%Tentative | −1.4%−3.4% to +0.49%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 pointsClear difference | −3.9%−7.4% to −0.48%Tentative | +1.1%−0.01% to +2.3%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +2.9%+0.45% to +5.4%Tentative | −0.72%−2.0% to +0.51%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −1.3%−3.6% to +1.1%Not distinguishable from zero | +0.77%−0.26% to +1.8%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.09%−1.2% to +1.0%Not distinguishable from zero | −0.75%−1.5% to −0.02%Tentative |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.01%−0.08% to +0.07%Not distinguishable from zero | +0.04%+0.02% to +0.06%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | −2.3%−4.8% to +0.23%Not distinguishable from zero | −0.04%−0.76% to +0.69%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage pointClear difference | +0.91%+0.23% to +1.6%Tentative | −0.13%−0.43% to +0.18%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.53%−0.42% to +1.5%Not distinguishable from zero | −0.34%−0.64% to −0.04%Tentative |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | +0.72%−0.18% to +1.6%Not distinguishable from zero | −0.73%−1.3% to −0.17%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −3.9%−8.3% to +0.50%Not distinguishable from zero | +1.3%−1.6% to +4.1%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −2.0%−4.4% to +0.37%Not distinguishable from zero | +0.35%−1.0% to +1.7%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.65%−0.30% to +1.6%Not distinguishable from zero | −0.68%−1.1% to −0.25%Tentative |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.07%−0.55% to +0.41%Not distinguishable from zero | +0.16%−0.08% to +0.41%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.