Compare two stocks
NEM and VZ clearly differ on 4 of 19 forces. The widest gap is gold: in weeks when the price of gold rose 5%, NEM typically moved +7.4% and VZ −0.46%.
| Economic force | NEMNewmont | VZVerizon |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.39%−4.0% to +3.2%Not distinguishable from zero | −0.03%−1.1% to +1.1%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +1.2%−4.8% to +7.3%Not distinguishable from zero | +0.84%−1.3% to +3.0%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2%Clear difference | −7.4%−9.7% to −5.2%Clear | −2.8%−4.3% to −1.4%Clear |
| Oil and energyIn weeks when the price of oil rose 10% | +0.62%−0.74% to +2.0%Not distinguishable from zero | +0.62%−0.09% to +1.3%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +2.2%−1.2% to +5.6%Not distinguishable from zero | +2.0%−0.21% to +4.1%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.16%−4.6% to +4.3%Not distinguishable from zero | −0.20%−1.9% to +1.5%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.61%−2.0% to +0.79%Not distinguishable from zero | −0.65%−1.7% to +0.37%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.58%−0.92% to +2.1%Not distinguishable from zero | +0.25%−0.83% to +1.3%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5%Clear difference | +7.4%+6.4% to +8.4%Clear | −0.46%−1.3% to +0.34%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5%Clear difference | +2.2%+0.93% to +3.6%Tentative | −0.03%−0.58% to +0.52%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | +0.02%−0.06% to +0.10%Not distinguishable from zero | −0.02%−0.04% to +0.01%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.13%−0.85% to +1.1%Not distinguishable from zero | −0.14%−1.0% to +0.69%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.43%+0.02% to +0.83%Tentative | +0.17%−0.14% to +0.48%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.65%+0.24% to +1.1%Tentative | +0.70%+0.47% to +0.93%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | +0.15%−0.29% to +0.59%Not distinguishable from zero | −0.24%−0.72% to +0.23%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −0.74%−4.4% to +2.9%Not distinguishable from zero | −1.3%−3.8% to +1.1%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.17%−1.8% to +1.4%Not distinguishable from zero | +0.54%−0.35% to +1.4%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.52%+0.03% to +1.0%Tentative | −0.05%−0.28% to +0.18%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage pointClear difference | −0.40%−0.64% to −0.16%Tentative | +0.02%−0.10% to +0.13%Not distinguishable from zero |
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.