Compare two stocks
PM and DGX 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%, PM typically moved −0.02% and DGX −0.07%.
| Economic force | PMPhilip Morris International | DGXQuest Diagnostics |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.37%−1.6% to +0.88%Not distinguishable from zero | −0.51%−1.4% to +0.37%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −0.68%−3.4% to +2.0%Not distinguishable from zero | −0.39%−2.5% to +1.7%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.89%−2.2% to +0.40%Not distinguishable from zero | −0.83%−1.9% to +0.27%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.07%−1.2% to +1.0%Not distinguishable from zero | −0.23%−1.0% to +0.49%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +0.92%−1.5% to +3.3%Not distinguishable from zero | −0.65%−2.9% to +1.6%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +0.05%−2.1% to +2.2%Not distinguishable from zero | −0.26%−2.0% to +1.5%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −1.3%−2.4% to −0.21%Tentative | −0.62%−1.4% to +0.18%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.37%−0.67% to +1.4%Not distinguishable from zero | +0.19%−0.55% to +0.93%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.27%−0.66% to +1.2%Not distinguishable from zero | +0.24%−0.58% to +1.1%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.23%−0.46% to +0.91%Not distinguishable from zero | −0.44%−0.92% to +0.04%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | −0.02%−0.03% to 0.00%Tentative | −0.07%−0.09% to −0.05%Clear |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.71%−1.3% to −0.13%Tentative | −0.16%−0.78% to +0.47%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.09%−0.16% to +0.33%Not distinguishable from zero | +0.23%+0.04% to +0.42%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.62%+0.40% to +0.84%Clear | +0.48%+0.29% to +0.68%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.02%−0.39% to +0.34%Not distinguishable from zero | −0.35%−0.59% to −0.11%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −1.5%−4.0% to +0.93%Not distinguishable from zero | −0.62%−2.3% to +1.0%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.04%−0.90% to +1.0%Not distinguishable from zero | −0.26%−0.91% to +0.39%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.18%−0.48% to +0.12%Not distinguishable from zero | −0.12%−0.42% to +0.19%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.12%−0.05% to +0.28%Not distinguishable from zero | +0.16%+0.01% to +0.32%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.