Compare two stocks
MSCI and ERIE clearly differ on 1 of 19 forces. The widest gap is value vs growth: in weeks when value stocks beat growth stocks by 1 percentage point, MSCI typically moved +0.18% and ERIE +0.84%.
| Economic force | MSCI | ERIEErie Indemnity |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.49%−1.5% to +0.50%Not distinguishable from zero | −1.0%−3.0% to +1.0%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −0.19%−2.8% to +2.4%Not distinguishable from zero | +0.14%−3.7% to +4.0%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +0.36%−0.90% to +1.6%Not distinguishable from zero | −0.07%−2.1% to +2.0%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +0.04%−0.69% to +0.78%Not distinguishable from zero | −0.13%−1.3% to +1.1%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +1.4%−0.80% to +3.5%Not distinguishable from zero | +0.76%−3.2% to +4.7%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −1.2%−3.3% to +0.82%Not distinguishable from zero | −1.1%−3.1% to +0.84%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | +0.14%−0.87% to +1.1%Not distinguishable from zero | −0.04%−1.0% to +1.0%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −1.0%−1.9% to −0.05%Tentative | −2.3%−3.6% to −0.92%Tentative |
| GoldIn weeks when the price of gold rose 5% | −0.58%−1.4% to +0.29%Not distinguishable from zero | +0.14%−1.0% to +1.3%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.45%−0.94% to +0.04%Not distinguishable from zero | −0.05%−0.65% to +0.55%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.01%−0.02% to +0.01%Not distinguishable from zero | −0.01%−0.04% to +0.03%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.06%−0.65% to +0.53%Not distinguishable from zero | −0.47%−2.1% to +1.1%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | −0.09%−0.45% to +0.26%Not distinguishable from zero | +0.46%+0.14% to +0.77%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.18%−0.11% to +0.48%Not distinguishable from zero | +0.84%+0.54% to +1.1%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.44%−0.82% to −0.05%Tentative | −0.28%−0.66% to +0.10%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +0.63%−1.3% to +2.6%Not distinguishable from zero | +0.39%−2.9% to +3.6%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.15%−0.69% to +1.0%Not distinguishable from zero | +1.1%−0.18% to +2.5%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.35%−0.69% to −0.02%Tentative | −0.35%−0.75% to +0.05%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.10%−0.08% to +0.29%Not distinguishable from zero | +0.20%+0.03% to +0.36%Tentative |
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.