Compare two stocks
On none of the 19 forces measured do PCAR and GS differ by more than the noise in the readings: their 90% ranges overlap every time.
| Economic force | PCARPaccar | GSGoldman Sachs |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.7%−2.6% to −0.82%Clear | −1.9%−2.7% to −1.0%Clear |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +2.7%+0.28% to +5.2%Tentative | +4.1%+1.8% to +6.5%Clear |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +0.11%−1.2% to +1.5%Not distinguishable from zero | +0.18%−1.4% to +1.7%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.16%−0.91% to +0.59%Not distinguishable from zero | −0.18%−0.85% to +0.48%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −4.3%−6.7% to −2.0%Clear | −2.9%−5.4% to −0.36%Tentative |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +0.09%−1.5% to +1.7%Not distinguishable from zero | +0.68%−0.86% to +2.2%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | +0.54%−0.50% to +1.6%Not distinguishable from zero | −1.1%−1.8% to −0.36%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −1.1%−2.2% to −0.06%Tentative | +0.53%−0.88% to +1.9%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.45%−1.3% to +0.44%Not distinguishable from zero | −1.4%−2.0% to −0.87%Clear |
| CopperIn weeks when the price of copper rose 5% | −0.03%−0.70% to +0.64%Not distinguishable from zero | −0.34%−0.87% to +0.18%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.01%−0.03% to +0.02%Not distinguishable from zero | −0.05%−0.09% to −0.02%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.11%−0.60% to +0.83%Not distinguishable from zero | −0.01%−0.66% to +0.64%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.46%+0.23% to +0.69%Clear | +0.53%+0.36% to +0.70%Clear |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.57%+0.36% to +0.78%Clear | +0.67%+0.46% to +0.87%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.01%−0.29% to +0.26%Not distinguishable from zero | +0.20%−0.07% to +0.46%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +1.0%−1.5% to +3.5%Not distinguishable from zero | −0.74%−2.8% to +1.3%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.67%−1.5% to +0.18%Not distinguishable from zero | −0.03%−0.70% to +0.65%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.16%−0.39% to +0.07%Not distinguishable from zero | −0.07%−0.31% to +0.17%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.05%−0.07% to +0.18%Not distinguishable from zero | −0.01%−0.14% 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.