Compare two stocks
SCHW and CSX clearly differ on 1 of 19 forces. The widest gap is market volatility: in weeks when market volatility (the VIX) rose 5 points, SCHW typically moved −1.6% and CSX +0.27%.
| Economic force | SCHWCharles Schwab Corporation | CSXCSX Corporation |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.12%−2.6% to +2.4%Not distinguishable from zero | −0.47%−1.1% to +0.17%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +1.0%−3.5% to +5.5%Not distinguishable from zero | +0.67%−1.5% to +2.8%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.56%−2.2% to +1.0%Not distinguishable from zero | −0.39%−1.3% to +0.49%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +0.48%−0.35% to +1.3%Not distinguishable from zero | +0.07%−0.72% to +0.86%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +0.07%−2.9% to +3.1%Not distinguishable from zero | −1.1%−2.8% to +0.60%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −2.1%−4.3% to +0.10%Not distinguishable from zero | −0.57%−1.7% to +0.60%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 pointsClear difference | −1.6%−2.8% to −0.44%Tentative | +0.27%−0.44% to +1.0%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +1.5%+0.20% to +2.9%Tentative | −0.23%−1.2% to +0.72%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.04%−0.81% to +0.89%Not distinguishable from zero | −0.36%−1.2% to +0.45%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.15%−0.57% to +0.86%Not distinguishable from zero | −0.39%−1.0% to +0.19%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.03%−0.06% to 0.00%Not distinguishable from zero | 0.00%−0.01% to +0.01%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.23%−1.2% to +0.73%Not distinguishable from zero | −0.37%−1.1% to +0.33%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.23%+0.01% to +0.45%Tentative | +0.41%+0.20% to +0.61%Clear |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.59%+0.36% to +0.81%Clear | +0.64%+0.44% to +0.85%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.23%−0.54% to +0.08%Not distinguishable from zero | −0.16%−0.40% to +0.09%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −1.0%−3.7% to +1.7%Not distinguishable from zero | 0.00%−1.6% to +1.6%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.18%−0.74% to +1.1%Not distinguishable from zero | −0.20%−0.94% to +0.55%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.22%−0.51% to +0.06%Not distinguishable from zero | −0.25%−0.55% to +0.06%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.13%−0.06% to +0.33%Not distinguishable from zero | −0.01%−0.15% to +0.14%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.