Compare two stocks
MSFT and CDNS clearly differ on 1 of 19 forces. The widest gap is momentum: in weeks when recent winners beat the stock market by 1 percentage point, MSFT typically moved −0.51% and CDNS +0.71%.
| Economic force | MSFTMicrosoft | CDNSCadence Design Systems |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +1.4%+0.54% to +2.2%Clear | +1.2%−0.11% to +2.4%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −1.9%−4.4% to +0.66%Not distinguishable from zero | −2.3%−5.8% to +1.2%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.22%−1.6% to +1.1%Not distinguishable from zero | +0.77%−1.5% to +3.0%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.11%−1.1% to +0.89%Not distinguishable from zero | −0.38%−1.8% to +1.1%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +2.8%+0.36% to +5.2%Tentative | +0.83%−3.0% to +4.7%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.68%−2.6% to +1.3%Not distinguishable from zero | +1.5%−0.87% to +3.8%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | +1.3%+0.36% to +2.2%Tentative | +1.2%−0.36% to +2.7%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −0.54%−1.7% to +0.59%Not distinguishable from zero | +0.10%−1.4% to +1.6%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.19%−0.54% to +0.91%Not distinguishable from zero | +0.22%−0.82% to +1.3%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.51%−1.0% to −0.03%Tentative | −0.57%−1.7% to +0.53%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | +0.04%+0.02% to +0.07%Tentative | +0.03%0.00% to +0.05%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.49%−0.22% to +1.2%Not distinguishable from zero | −0.35%−1.2% to +0.47%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | −0.66%−0.88% to −0.43%Clear | −0.23%−0.63% to +0.17%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | −0.80%−1.1% to −0.53%Clear | −0.73%−1.1% to −0.37%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | −0.51%−1.1% to +0.04%Not distinguishable from zero | +0.71%+0.21% to +1.2%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +1.0%−0.76% to +2.8%Not distinguishable from zero | +0.33%−2.5% to +3.1%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.27%−0.93% to +1.5%Not distinguishable from zero | −0.16%−1.3% to +1.0%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.44%−0.72% to −0.17%Tentative | +0.08%−0.30% to +0.46%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.09%−0.15% to +0.33%Not distinguishable from zero | −0.23%−0.43% to −0.04%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.