Compare two stocks
MRNA and IQV clearly differ on 1 of 19 forces. The widest gap is emerging markets: in weeks when emerging-market stocks beat the S&P 500 by 1 percentage point, MRNA typically moved +1.3% and IQV −0.25%.
| Economic force | MRNAModerna | IQVIQVIA |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.23%−5.2% to +4.8%Not distinguishable from zero | −2.8%−4.4% to −1.3%Clear |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +9.2%−8.2% to +26.6%Not distinguishable from zero | +4.9%+0.57% to +9.2%Tentative |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −11.0%−21.0% to −1.1%Tentative | −2.1%−4.0% to −0.20%Tentative |
| Oil and energyIn weeks when the price of oil rose 10% | −3.6%−6.8% to −0.43%Tentative | −1.1%−2.3% to +0.01%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −18.6%−33.8% to −3.4%Tentative | −5.9%−9.4% to −2.4%Clear |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +4.2%−2.2% to +10.6%Not distinguishable from zero | +0.10%−2.5% to +2.7%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | +0.11%−2.5% to +2.7%Not distinguishable from zero | +0.33%−0.83% to +1.5%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −0.91%−4.7% to +2.9%Not distinguishable from zero | +0.61%−0.70% to +1.9%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +4.4%−0.71% to +9.5%Not distinguishable from zero | +0.06%−1.2% to +1.3%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.57%−1.8% to +3.0%Not distinguishable from zero | +1.3%+0.61% to +2.1%Tentative |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | +0.07%−0.04% to +0.18%Not distinguishable from zero | −0.04%−0.09% to +0.01%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | +4.9%−2.3% to +12.2%Not distinguishable from zero | +0.50%−0.87% to +1.9%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.23%−0.80% to +1.3%Not distinguishable from zero | +0.46%+0.08% to +0.84%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | −0.11%−1.0% to +0.75%Not distinguishable from zero | +0.52%+0.04% to +1.0%Tentative |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −1.0%−2.3% to +0.24%Not distinguishable from zero | −0.92%−1.4% to −0.48%Clear |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +0.43%−5.2% to +6.0%Not distinguishable from zero | +0.69%−2.4% to +3.8%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −1.4%−4.0% to +1.1%Not distinguishable from zero | +0.82%−0.58% to +2.2%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage pointClear difference | +1.3%+0.45% to +2.2%Tentative | −0.25%−0.90% to +0.40%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.53%−1.0% to −0.10%Tentative | +0.22%−0.11% to +0.55%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.