Compare two stocks
RMD and DGX clearly differ on 2 of 19 forces. The widest gap is short-term rates: in weeks when the 2-year Treasury yield rose 0.25 percentage points, RMD typically moved −4.6% and DGX −0.11%.
| Economic force | RMDResMed| | DGXQuest Diagnostics |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.1%−2.3% to +0.07%Not distinguishable from zero | −0.68%−1.6% to +0.21%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −2.5%−6.7% to +1.6%Not distinguishable from zero | −0.14%−2.2% to +1.9%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.72%−2.1% to +0.67%Not distinguishable from zero | −1.0%−2.0% to +0.14%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | 0.00%−0.82% to +0.82%Not distinguishable from zero | −0.21%−0.89% to +0.47%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −2.4%−5.5% to +0.65%Not distinguishable from zero | −0.91%−3.2% to +1.4%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage pointsClear difference | −4.6%−6.9% to −2.3%Clear | −0.11%−1.8% to +1.6%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | +0.51%−0.47% to +1.5%Not distinguishable from zero | −0.62%−1.4% to +0.20%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.37%−0.84% to +1.6%Not distinguishable from zero | +0.06%−0.64% to +0.76%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.01%−1.0% to +1.0%Not distinguishable from zero | +0.25%−0.57% to +1.1%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.05%−0.49% to +0.59%Not distinguishable from zero | −0.42%−0.90% to +0.05%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | −0.02%−0.05% to +0.01%Not distinguishable from zero | −0.07%−0.09% to −0.05%Clear |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.71%−1.5% to +0.06%Not distinguishable from zero | −0.18%−0.80% to +0.44%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.09%−0.27% to +0.44%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 | +0.44%+0.16% to +0.73%Tentative | +0.50%+0.31% to +0.69%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.70%−1.0% to −0.41%Clear | −0.35%−0.59% to −0.10%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +1.3%−0.59% to +3.1%Not distinguishable from zero | −0.88%−2.5% to +0.79%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.01%−1.3% to +1.3%Not distinguishable from zero | −0.33%−1.0% to +0.33%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.46%−0.80% to −0.11%Tentative | −0.12%−0.43% to +0.19%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.19%−0.10% to +0.48%Not distinguishable from zero | +0.16%+0.01% to +0.31%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.