Compare two stocks
PANW and ADP clearly differ on 1 of 19 forces. The widest gap is value vs growth: in weeks when value stocks beat growth stocks by 1 percentage point, PANW typically moved −0.49% and ADP +0.41%.
| Economic force | PANWPalo Alto Networks | ADPAutomatic Data Processing |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.62%−2.4% to +1.1%Not distinguishable from zero | −0.33%−1.5% to +0.82%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +2.0%−2.7% to +6.8%Not distinguishable from zero | +1.1%−1.3% to +3.5%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +2.6%+0.22% to +5.0%Tentative | +1.2%+0.13% to +2.3%Tentative |
| Oil and energyIn weeks when the price of oil rose 10% | +0.52%−0.79% to +1.8%Not distinguishable from zero | 0.00%−0.62% to +0.62%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −1.7%−5.7% to +2.3%Not distinguishable from zero | −1.7%−4.3% to +0.89%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −1.6%−4.8% to +1.7%Not distinguishable from zero | +0.37%−1.6% to +2.4%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | +0.32%−1.1% to +1.7%Not distinguishable from zero | +1.2%+0.29% to +2.1%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −0.35%−2.7% to +2.0%Not distinguishable from zero | −0.52%−1.7% to +0.64%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −1.0%−2.1% to −0.02%Tentative | −0.12%−0.79% to +0.54%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.26%−1.2% to +1.7%Not distinguishable from zero | −0.34%−0.85% to +0.18%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | +0.02%−0.07% to +0.11%Not distinguishable from zero | 0.00%−0.02% to +0.02%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.54%−0.54% to +1.6%Not distinguishable from zero | −0.22%−1.0% to +0.56%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.08%−0.40% to +0.56%Not distinguishable from zero | −0.01%−0.23% to +0.21%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | −0.49%−1.0% to 0.00%Not distinguishable from zero | +0.41%+0.13% to +0.70%Tentative |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | +0.01%−0.79% to +0.81%Not distinguishable from zero | −0.79%−1.1% to −0.45%Clear |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +0.56%−2.7% to +3.8%Not distinguishable from zero | +1.0%−0.85% to +2.9%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +1.3%−0.03% to +2.7%Not distinguishable from zero | +1.2%+0.21% to +2.1%Tentative |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.59%−1.1% to −0.05%Tentative | −0.76%−1.0% to −0.49%Clear |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.10%−0.37% to +0.17%Not distinguishable from zero | +0.27%+0.08% to +0.47%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.