Compare two stocks
MU and AMD 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, MU typically moved +2.4% and AMD +1.0%.
| Economic force | MUMicron Technology | AMDAdvanced Micro 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 | +0.60%−1.5% to +2.7%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 | −2.4%−7.6% to +2.7%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 | −1.1%−4.8% to +2.5%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 | +0.20%−1.4% to +1.8%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 | −1.8%−7.1% to +3.5%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +5.5%+1.5% to +9.6%Tentative | +2.0%−0.85% to +4.8%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −2.4%−4.7% to −0.09%Tentative | +0.28%−1.6% to +2.2%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 | +0.10%−2.6% to +2.8%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +2.0%+0.24% to +3.7%Tentative | −0.59%−2.7% to +1.6%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +1.4%+0.04% to +2.8%Tentative | +0.18%−1.1% to +1.4%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 | +0.11%+0.06% to +0.17%Clear |
| BitcoinIn weeks when the price of bitcoin rose 10% | +1.0%−0.19% to +2.3%Not distinguishable from zero | +0.80%−1.1% to +2.7%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 | −0.12%−0.65% to +0.40%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | −0.42%−0.83% to −0.02%Tentative | −0.88%−1.4% to −0.33%Tentative |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | +2.5%+1.7% to +3.2%Clear | +1.9%+1.3% to +2.6%Clear |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −4.8%−8.6% to −0.94%Tentative | −0.82%−4.3% to +2.7%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 | −2.5%−5.0% to +0.14%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 | +1.0%+0.34% to +1.7%Tentative |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.70%−1.4% to −0.01%Tentative | −0.53%−1.0% to −0.03%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.