Compare two stocks
PH and V clearly differ on 3 of 19 forces. The widest gap is momentum: in weeks when recent winners beat the stock market by 1 percentage point, PH typically moved +0.25% and V −0.54%.
| Economic force | PHParker Hannifin | VVisa Inc. |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +0.20%−0.50% to +0.89%Not distinguishable from zero | −0.01%−0.90% to +0.87%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +1.0%−1.3% to +3.4%Not distinguishable from zero | +0.53%−1.5% to +2.5%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +0.50%−0.74% to +1.7%Not distinguishable from zero | +1.1%+0.06% to +2.1%Tentative |
| Oil and energyIn weeks when the price of oil rose 10% | −1.3%−1.8% to −0.70%Clear | −0.72%−1.2% to −0.19%Tentative |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −1.0%−2.9% to +0.83%Not distinguishable from zero | −0.88%−2.7% to +0.94%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +0.64%−1.1% to +2.4%Not distinguishable from zero | −0.50%−1.8% to +0.79%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −1.0%−1.7% to −0.27%Tentative | −0.20%−0.84% to +0.43%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −0.66%−1.9% to +0.60%Not distinguishable from zero | +0.10%−0.57% to +0.78%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.22%−1.0% to +0.56%Not distinguishable from zero | −0.09%−0.66% to +0.48%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.33%−0.88% to +0.22%Not distinguishable from zero | +0.02%−0.48% to +0.53%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.02%−0.03% to 0.00%Tentative | 0.00%−0.01% to +0.01%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.29%−0.92% to +0.35%Not distinguishable from zero | −0.30%−0.74% to +0.15%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage pointClear difference | +0.50%+0.32% to +0.69%Clear | −0.09%−0.29% to +0.11%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.69%+0.50% to +0.87%Clear | +0.40%+0.19% to +0.61%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | +0.25%−0.01% to +0.51%Not distinguishable from zero | −0.54%−0.74% to −0.33%Clear |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −2.0%−4.0% to 0.00%Tentative | +0.68%−0.49% to +1.8%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.53%−1.3% to +0.29%Not distinguishable from zero | +0.11%−0.50% to +0.73%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage pointClear difference | −0.08%−0.30% to +0.13%Not distinguishable from zero | −0.60%−0.77% to −0.43%Clear |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | 0.00%−0.14% to +0.13%Not distinguishable from zero | +0.14%−0.03% to +0.30%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.