Compare two stocks
NDAQ and ATO 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, NDAQ typically moved −0.59% and ATO −0.02%.
| Economic force | NDAQNasdaq, Inc. | ATOAtmos Energy |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.88%−1.9% to +0.12%Not distinguishable from zero | −1.5%−2.4% to −0.59%Clear |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +2.0%−0.05% to +4.1%Not distinguishable from zero | +1.0%−0.60% to +2.6%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +0.13%−1.6% to +1.9%Not distinguishable from zero | +0.51%−0.46% to +1.5%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +0.49%−0.19% to +1.2%Not distinguishable from zero | +0.47%+0.05% to +0.89%Tentative |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +1.9%−0.19% to +4.1%Not distinguishable from zero | +2.4%+1.1% to +3.8%Clear |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −1.6%−3.1% to −0.12%Tentative | +0.90%−0.48% to +2.3%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.76%−1.3% to −0.18%Tentative | −1.2%−1.8% to −0.68%Clear |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −0.60%−1.5% to +0.26%Not distinguishable from zero | +0.26%−0.56% to +1.1%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.14%−0.53% to +0.82%Not distinguishable from zero | +0.46%−0.15% to +1.1%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.20%−0.61% to +0.21%Not distinguishable from zero | +0.17%−0.24% to +0.58%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.02%−0.04% to −0.01%Tentative | −0.03%−0.05% to −0.01%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.56%−0.25% to +1.4%Not distinguishable from zero | +0.03%−0.40% to +0.46%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.03%−0.29% to +0.34%Not distinguishable from zero | +0.37%+0.21% to +0.53%Clear |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.20%−0.12% to +0.52%Not distinguishable from zero | +0.66%+0.52% to +0.79%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.34%−0.65% to −0.03%Tentative | −0.19%−0.40% to +0.02%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −0.10%−2.3% to +2.1%Not distinguishable from zero | −1.9%−3.1% to −0.69%Tentative |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.32%−0.62% to +1.3%Not distinguishable from zero | +0.12%−0.41% to +0.65%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage pointClear difference | −0.59%−0.81% to −0.37%Clear | −0.02%−0.22% to +0.18%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.15%−0.05% to +0.35%Not distinguishable from zero | +0.12%+0.02% to +0.21%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.