Compare two stocks
TJX and CB clearly differ on 2 of 19 forces. The widest gap is market volatility: in weeks when market volatility (the VIX) rose 5 points, TJX typically moved +0.26% and CB −1.6%.
| Economic force | TJXTJX Companies | CBChubb Limited |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.41%−1.4% to +0.52%Not distinguishable from zero | −0.38%−1.1% to +0.34%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −1.2%−3.7% to +1.3%Not distinguishable from zero | −0.80%−2.5% to +0.93%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +1.4%+0.14% to +2.8%Tentative | +0.77%−0.26% to +1.8%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.33%−0.93% to +0.26%Not distinguishable from zero | −0.16%−0.75% to +0.43%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +1.5%−0.80% to +3.8%Not distinguishable from zero | +0.13%−1.7% to +2.0%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.69%−2.0% to +0.57%Not distinguishable from zero | +0.21%−0.91% to +1.3%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 pointsClear difference | +0.26%−0.76% to +1.3%Not distinguishable from zero | −1.6%−2.1% to −1.0%Clear |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.08%−0.58% to +0.74%Not distinguishable from zero | −0.51%−1.3% to +0.25%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.42%−1.0% to +0.12%Not distinguishable from zero | −0.37%−1.1% to +0.31%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.31%−0.74% to +0.13%Not distinguishable from zero | +0.15%−0.38% to +0.68%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.01%−0.03% to +0.01%Not distinguishable from zero | −0.01%−0.02% to +0.01%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.53%−1.1% to +0.02%Not distinguishable from zero | −0.48%−1.1% to +0.16%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.21%+0.02% to +0.40%Tentative | +0.20%+0.04% to +0.37%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.29%+0.06% to +0.52%Tentative | +0.79%+0.62% to +1.0%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.06%−0.27% to +0.14%Not distinguishable from zero | −0.38%−0.59% to −0.17%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +1.5%+0.06% to +3.0%Tentative | −0.37%−1.8% to +1.1%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.11%−0.51% to +0.74%Not distinguishable from zero | −0.57%−1.2% to +0.04%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.35%−0.56% to −0.13%Tentative | −0.32%−0.59% to −0.06%Tentative |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.06%−0.07% to +0.20%Not distinguishable from zero | +0.20%+0.05% to +0.34%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.