Compare two stocks
QCOM and SOXL clearly differ on 2 of 19 forces. The widest gap is momentum: in weeks when recent winners beat the stock market by 1 percentage point, QCOM typically moved +0.91% and SOXL +4.0%.
| Economic force | QCOMQualcomm | SOXLDirexion Daily Semiconductor Bull 3X Shares |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +1.4%−0.43% to +3.3%Not distinguishable from zero | +1.3%−3.7% to +6.4%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −2.4%−6.6% to +1.7%Not distinguishable from zero | −3.7%−12.6% to +5.2%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −2.3%−4.1% to −0.50%Tentative | −1.5%−6.1% to +3.0%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.04%−1.4% to +1.3%Not distinguishable from zero | +0.13%−2.3% to +2.5%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −2.5%−6.3% to +1.3%Not distinguishable from zero | −3.1%−11.8% to +5.6%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +2.0%−0.75% to +4.8%Not distinguishable from zero | +5.0%−0.30% to +10.3%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | +0.55%−0.71% to +1.8%Not distinguishable from zero | −0.35%−3.8% to +3.1%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +1.2%−1.0% to +3.4%Not distinguishable from zero | +0.83%−2.4% to +4.0%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.01%−1.4% to +1.5%Not distinguishable from zero | −0.77%−3.4% to +1.9%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.27%−0.42% to +1.0%Not distinguishable from zero | +0.33%−1.4% to +2.1%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.02%−0.04% to −0.01%Tentative | +0.02%−0.03% to +0.07%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.77%−0.15% to +1.7%Not distinguishable from zero | +1.4%−0.90% to +3.7%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | −0.05%−0.42% to +0.32%Not distinguishable from zero | +0.79%−0.05% to +1.6%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | −0.57%−1.0% to −0.16%Tentative | −1.3%−2.1% to −0.57%Tentative |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | +0.91%+0.31% to +1.5%Tentative | +4.0%+3.1% to +4.9%Clear |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +2.2%−0.45% to +4.9%Not distinguishable from zero | −4.5%−10.1% to +1.1%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.77%−0.61% to +2.2%Not distinguishable from zero | −2.1%−5.0% to +0.82%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage pointClear difference | +0.83%+0.27% to +1.4%Tentative | +3.3%+2.4% to +4.1%Clear |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.48%−0.82% to −0.13%Tentative | −1.1%−1.9% 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.