Compare two stocks
NFLX and ANET clearly differ on 1 of 19 forces. The widest gap is natural gas: in weeks when the U.S. natural gas price (Henry Hub) rose 10%, NFLX typically moved −0.02% and ANET +0.07%.
| Economic force | NFLXNetflix | ANETArista Networks |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +0.44%−1.0% to +1.9%Not distinguishable from zero | +1.9%+0.21% to +3.6%Tentative |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +1.7%−2.0% to +5.4%Not distinguishable from zero | −0.90%−5.3% to +3.5%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.91%−3.0% to +1.2%Not distinguishable from zero | −1.0%−3.2% to +1.3%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +0.38%−0.81% to +1.6%Not distinguishable from zero | +0.62%−0.31% to +1.6%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +4.6%+0.82% to +8.4%Tentative | +6.2%+2.4% to +10.1%Clear |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.09%−3.1% to +2.9%Not distinguishable from zero | +2.1%−0.23% to +4.4%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −1.0%−2.3% to +0.33%Not distinguishable from zero | −0.28%−1.5% to +1.0%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −0.45%−2.2% to +1.3%Not distinguishable from zero | −1.3%−3.0% to +0.52%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.74%−0.15% to +1.6%Not distinguishable from zero | −1.2%−2.3% to −0.14%Tentative |
| CopperIn weeks when the price of copper rose 5% | −0.30%−1.1% to +0.49%Not distinguishable from zero | −0.88%−1.8% to +0.08%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | −0.02%−0.05% to +0.01%Not distinguishable from zero | +0.07%+0.04% to +0.09%Clear |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.50%−0.44% to +1.4%Not distinguishable from zero | −0.26%−1.2% to +0.67%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | −0.19%−0.53% to +0.15%Not distinguishable from zero | −0.27%−0.71% to +0.17%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | −0.29%−0.60% to +0.02%Not distinguishable from zero | −0.80%−1.2% to −0.39%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | +0.26%−0.22% to +0.75%Not distinguishable from zero | +0.75%+0.26% to +1.2%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +0.03%−3.1% to +3.2%Not distinguishable from zero | −4.3%−7.2% to −1.5%Tentative |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −1.3%−2.3% to −0.27%Tentative | −1.4%−2.9% to +0.02%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.47%−0.78% to −0.16%Tentative | −0.05%−0.62% to +0.51%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.02%−0.25% to +0.21%Not distinguishable from zero | −0.19%−0.44% to +0.07%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.