Compare two stocks
MRK and CHD 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%, MRK typically moved −0.02% and CHD +0.03%.
| Economic force | MRKMerck & Co. | CHDChurch & Dwight |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.94%−2.0% to +0.14%Not distinguishable from zero | −1.1%−2.0% to −0.24%Tentative |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +1.6%−2.3% to +5.5%Not distinguishable from zero | +1.8%−0.43% to +4.0%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.41%−2.2% to +1.3%Not distinguishable from zero | +0.04%−0.89% to +1.0%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.64%−1.6% to +0.30%Not distinguishable from zero | −0.87%−1.4% to −0.32%Clear |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −2.3%−4.8% to +0.28%Not distinguishable from zero | −1.7%−3.6% to +0.21%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.49%−3.1% to +2.1%Not distinguishable from zero | −0.93%−2.3% to +0.48%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −1.1%−2.1% to −0.04%Tentative | −0.02%−0.74% to +0.69%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.68%−0.43% to +1.8%Not distinguishable from zero | +0.31%−0.69% to +1.3%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.37%−0.55% to +1.3%Not distinguishable from zero | +0.50%−0.21% to +1.2%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +1.0%+0.17% to +1.8%Tentative | +0.33%−0.12% to +0.78%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | −0.02%−0.03% to 0.00%Tentative | +0.03%0.00% to +0.05%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.06%−1.3% to +1.2%Not distinguishable from zero | −0.36%−1.0% to +0.28%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.48%+0.16% to +0.81%Tentative | +0.12%−0.12% to +0.36%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.78%+0.46% to +1.1%Clear | +0.40%+0.15% to +0.65%Tentative |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.70%−1.1% to −0.29%Tentative | −0.18%−0.39% to +0.03%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +0.73%−1.4% to +2.9%Not distinguishable from zero | +0.40%−1.6% to +2.4%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −1.2%−2.3% to −0.08%Tentative | −0.08%−0.76% to +0.61%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | 0.00%−0.49% to +0.48%Not distinguishable from zero | −0.19%−0.37% to −0.01%Tentative |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.04%−0.16% to +0.25%Not distinguishable from zero | +0.03%−0.10% to +0.16%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.