Compare two stocks
STZ and ETN clearly differ on 3 of 19 forces. The widest gap is momentum: in weeks when recent winners beat the stock market by 1 percentage point, STZ typically moved −0.19% and ETN +0.77%.
| Economic force | STZConstellation Brands | ETNEaton Corporation |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +0.47%−0.71% to +1.6%Not distinguishable from zero | +1.2%+0.17% to +2.3%Tentative |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −1.1%−4.4% to +2.1%Not distinguishable from zero | −1.4%−4.3% to +1.6%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −1.5%−3.0% to 0.00%Not distinguishable from zero | −1.1%−2.6% to +0.30%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.71%−1.4% to −0.05%Tentative | −0.01%−0.68% to +0.66%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +0.74%−2.1% to +3.6%Not distinguishable from zero | +1.0%−1.3% to +3.4%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −1.1%−2.9% to +0.63%Not distinguishable from zero | +2.1%+0.16% to +4.0%Tentative |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −1.4%−2.2% to −0.55%Tentative | −0.10%−1.2% to +1.0%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.30%−0.77% to +1.4%Not distinguishable from zero | −0.26%−1.4% to +0.89%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.20%−0.70% to +1.1%Not distinguishable from zero | −0.54%−1.3% to +0.22%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.26%−0.45% to +1.0%Not distinguishable from zero | −0.57%−1.1% to −0.03%Tentative |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | +0.03%0.00% to +0.06%Not distinguishable from zero | −0.04%−0.07% to −0.02%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.06%−0.76% to +0.64%Not distinguishable from zero | +0.13%−0.61% to +0.87%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.48%+0.14% to +0.83%Tentative | +0.15%−0.11% to +0.40%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.75%+0.46% to +1.0%Clear | +0.05%−0.22% to +0.33%Not distinguishable from zero |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | −0.19%−0.60% to +0.23%Not distinguishable from zero | +0.77%+0.44% to +1.1%Clear |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −0.83%−3.1% to +1.4%Not distinguishable from zero | −2.7%−5.1% to −0.39%Tentative |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.54%−1.5% to +0.42%Not distinguishable from zero | −0.56%−1.5% to +0.36%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.10%−0.20% to +0.40%Not distinguishable from zero | +0.08%−0.22% to +0.38%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.06%−0.11% to +0.23%Not distinguishable from zero | −0.22%−0.40% to −0.04%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.