Compare two stocks
SNPS and RTX clearly differ on 3 of 19 forces. The widest gap is market volatility: in weeks when market volatility (the VIX) rose 5 points, SNPS typically moved +1.5% and RTX −1.5%.
| Economic force | SNPSSynopsys | RTXRTX Corporation |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +1.2%−0.62% to +3.0%Not distinguishable from zero | +0.24%−1.4% to +1.9%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −0.53%−4.3% to +3.2%Not distinguishable from zero | −1.2%−4.0% to +1.5%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +1.5%−0.84% to +3.7%Not distinguishable from zero | +0.75%−0.75% to +2.3%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +0.46%−0.83% to +1.7%Not distinguishable from zero | +0.36%−0.52% to +1.2%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +1.0%−4.4% to +6.5%Not distinguishable from zero | +0.25%−2.5% to +2.9%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +1.0%−1.8% to +3.8%Not distinguishable from zero | −1.0%−2.6% to +0.64%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 pointsClear difference | +1.5%+0.28% to +2.8%Tentative | −1.5%−2.7% to −0.29%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +1.6%−0.40% to +3.6%Not distinguishable from zero | −0.02%−1.5% to +1.5%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.42%−1.6% to +0.78%Not distinguishable from zero | +0.72%−0.27% to +1.7%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.60%−1.5% to +0.29%Not distinguishable from zero | +0.27%−0.25% to +0.78%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | 0.00%−0.02% to +0.02%Not distinguishable from zero | −0.02%−0.04% to 0.00%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.17%−1.2% to +0.85%Not distinguishable from zero | −0.26%−1.1% to +0.56%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.16%−0.31% to +0.62%Not distinguishable from zero | +0.22%−0.03% to +0.47%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | −0.52%−1.0% to −0.05%Tentative | +0.74%+0.48% to +1.0%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | +0.36%−0.25% to +1.0%Not distinguishable from zero | −0.20%−0.47% to +0.07%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +0.79%−2.3% to +3.9%Not distinguishable from zero | −1.4%−3.2% to +0.45%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.54%−0.71% to +1.8%Not distinguishable from zero | +0.27%−0.76% to +1.3%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.08%−0.61% to +0.46%Not distinguishable from zero | −0.16%−0.38% to +0.07%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage pointClear difference | −0.22%−0.40% to −0.03%Tentative | +0.13%+0.01% to +0.26%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.