Compare two stocks
MU and ADI clearly differ on 3 of 19 forces. The widest gap is short-term rates: in weeks when the 2-year Treasury yield rose 0.25 percentage points, MU typically moved +5.5% and ADI −0.52%.
| Economic force | MUMicron Technology | ADIAnalog Devices |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +0.02%−2.6% to +2.6%Not distinguishable from zero | +0.58%−0.66% to +1.8%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −0.88%−6.6% to +4.9%Not distinguishable from zero | +0.45%−2.2% to +3.1%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −1.8%−4.6% to +0.88%Not distinguishable from zero | −1.4%−2.8% to +0.08%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.04%−2.0% to +1.9%Not distinguishable from zero | +0.26%−0.80% to +1.3%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −1.8%−8.3% to +4.8%Not distinguishable from zero | −1.0%−3.4% to +1.4%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage pointsClear difference | +5.5%+1.5% to +9.6%Tentative | −0.52%−2.4% to +1.4%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −2.4%−4.7% to −0.09%Tentative | −0.48%−1.5% to +0.60%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +1.1%−1.4% to +3.7%Not distinguishable from zero | −0.05%−1.1% to +1.0%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +2.0%+0.24% to +3.7%Tentative | +0.29%−0.57% to +1.1%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +1.4%+0.04% to +2.8%Tentative | −0.27%−0.83% to +0.30%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | +0.08%+0.01% to +0.15%Tentative | 0.00%−0.02% to +0.02%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | +1.0%−0.19% to +2.3%Not distinguishable from zero | −0.53%−1.2% to +0.16%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.31%−0.27% to +0.89%Not distinguishable from zero | +0.33%+0.03% to +0.62%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | −0.42%−0.83% to −0.02%Tentative | +0.20%−0.10% to +0.49%Not distinguishable from zero |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | +2.5%+1.7% to +3.2%Clear | +0.46%+0.08% to +0.85%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −4.8%−8.6% to −0.94%Tentative | +0.01%−1.7% to +1.7%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −1.9%−4.0% to +0.13%Not distinguishable from zero | +0.26%−0.69% to +1.2%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage pointClear difference | +2.4%+1.8% to +3.0%Clear | +0.69%+0.36% to +1.0%Clear |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.70%−1.4% to −0.01%Tentative | −0.22%−0.39% 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.