Compare two stocks
PPG and GRMN clearly differ on 2 of 19 forces. The widest gap is japanese yen: in weeks when the yen rose 2% against the U.S. dollar, PPG typically moved −0.54% and GRMN +1.5%.
| Economic force | PPGPPG Industries | GRMNGarmin |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.0%−1.8% to −0.09%Tentative | −0.62%−1.9% to +0.62%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +1.1%−1.3% to +3.4%Not distinguishable from zero | +2.7%−0.36% to +5.8%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −2.3%−3.3% to −1.3%Clear | −1.3%−3.0% to +0.41%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −2.2%−2.8% to −1.7%Clear | −1.6%−2.6% to −0.57%Tentative |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −2.9%−4.9% to −0.91%Tentative | −2.6%−6.8% to +1.6%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −1.4%−3.0% to +0.25%Not distinguishable from zero | −0.88%−3.4% to +1.6%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.35%−0.92% to +0.22%Not distinguishable from zero | −1.2%−2.2% to −0.26%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.64%−0.18% to +1.5%Not distinguishable from zero | +1.7%−0.14% to +3.6%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.18%−1.0% to +0.67%Not distinguishable from zero | −0.15%−1.2% to +0.87%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.62%−0.02% to +1.3%Not distinguishable from zero | +0.82%+0.22% to +1.4%Tentative |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | +0.01%−0.01% to +0.04%Not distinguishable from zero | −0.05%−0.07% to −0.02%Clear |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.52%−1.2% to +0.18%Not distinguishable from zero | −0.40%−1.2% to +0.39%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.70%+0.46% to +0.94%Clear | +0.51%+0.24% to +0.78%Clear |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.81%+0.56% to +1.1%Clear | +0.68%+0.40% to +1.0%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.22%−0.45% to +0.02%Not distinguishable from zero | −0.62%−1.1% to −0.17%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −1.3%−3.2% to +0.58%Not distinguishable from zero | −0.23%−2.6% to +2.2%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollarClear difference | −0.54%−1.2% to +0.08%Not distinguishable from zero | +1.5%+0.27% to +2.7%Tentative |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.23%−0.08% to +0.55%Not distinguishable from zero | −0.08%−0.43% to +0.28%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.05%−0.09% to +0.18%Not distinguishable from zero | +0.31%+0.05% to +0.58%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.