Compare two stocks
ORCL and NEE clearly differ on 3 of 19 forces. The widest gap is market volatility: in weeks when market volatility (the VIX) rose 5 points, ORCL typically moved +3.3% and NEE −1.4%.
| Economic force | ORCLOracle Corporation | NEENextEra Energy |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.0%−3.3% to +1.4%Not distinguishable from zero | −2.1%−3.3% to −1.0%Clear |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −3.7%−8.1% to +0.59%Not distinguishable from zero | −1.2%−4.4% to +2.0%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.55%−3.2% to +2.1%Not distinguishable from zero | −1.6%−3.5% to +0.27%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +1.4%−0.74% to +3.6%Not distinguishable from zero | +1.2%+0.46% to +2.0%Clear |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −2.6%−7.7% to +2.5%Not distinguishable from zero | −1.4%−4.1% to +1.3%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +1.3%−1.4% to +3.9%Not distinguishable from zero | −0.76%−2.5% to +0.95%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 pointsClear difference | +3.3%+1.1% to +5.4%Tentative | −1.4%−2.2% to −0.51%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −1.4%−3.3% to +0.55%Not distinguishable from zero | +0.72%−0.75% to +2.2%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +1.0%−0.54% to +2.5%Not distinguishable from zero | +0.14%−0.81% to +1.1%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.50%−1.4% to +0.37%Not distinguishable from zero | +0.02%−0.82% to +0.87%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.06%−0.10% to −0.01%Tentative | 0.00%−0.02% to +0.01%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | +1.4%+0.21% to +2.5%Tentative | −0.14%−0.68% to +0.40%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage pointClear difference | −0.68%−1.2% to −0.14%Tentative | +0.31%+0.06% to +0.57%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | −1.3%−1.9% to −0.76%Clear | +0.66%+0.45% to +0.87%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | +0.45%−0.32% to +1.2%Not distinguishable from zero | −0.34%−0.68% to +0.01%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −0.69%−4.4% to +3.1%Not distinguishable from zero | −2.1%−4.3% to +0.08%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +1.0%−0.77% to +2.7%Not distinguishable from zero | −0.05%−0.72% to +0.63%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.34%−0.21% to +0.88%Not distinguishable from zero | +0.22%−0.04% to +0.48%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.12%−0.36% to +0.12%Not distinguishable from zero | +0.17%+0.03% to +0.31%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.