Compare two stocks
TKO and UNP clearly differ on 3 of 19 forces. The widest gap is market volatility: in weeks when market volatility (the VIX) rose 5 points, TKO typically moved −1.9% and UNP +0.12%.
| Economic force | TKOTKO Group Holdings | UNPUnion Pacific Corporation |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.49%−1.9% to +0.93%Not distinguishable from zero | −0.82%−1.7% to +0.04%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +1.2%−2.8% to +5.2%Not distinguishable from zero | +2.1%−0.26% to +4.4%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −1.2%−2.9% to +0.42%Not distinguishable from zero | −1.1%−2.1% to −0.03%Tentative |
| Oil and energyIn weeks when the price of oil rose 10% | −0.03%−1.4% to +1.4%Not distinguishable from zero | +0.33%−0.49% to +1.1%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +0.04%−3.4% to +3.5%Not distinguishable from zero | −0.34%−2.2% to +1.5%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −1.7%−4.3% to +1.0%Not distinguishable from zero | −1.1%−2.6% to +0.37%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 pointsClear difference | −1.9%−3.0% to −0.75%Tentative | +0.12%−0.60% to +0.84%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.75%−0.88% to +2.4%Not distinguishable from zero | −0.14%−1.0% to +0.73%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.38%−0.72% to +1.5%Not distinguishable from zero | −0.17%−1.0% to +0.65%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.70%+0.06% to +1.3%Tentative | −0.44%−1.0% to +0.09%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.01%−0.04% to +0.03%Not distinguishable from zero | −0.02%−0.04% to 0.00%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −1.2%−2.1% to −0.25%Tentative | −0.71%−1.5% to +0.07%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.57%+0.12% to +1.0%Tentative | +0.38%+0.19% to +0.57%Clear |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.25%−0.08% to +0.59%Not distinguishable from zero | +0.82%+0.65% to +1.0%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | +0.56%+0.21% to +0.91%Tentative | −0.52%−0.78% to −0.26%Clear |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −1.3%−3.8% to +1.2%Not distinguishable from zero | +1.0%−0.72% to +2.7%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.58%−1.6% to +0.45%Not distinguishable from zero | −0.17%−1.0% to +0.68%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.25%−0.07% to +0.56%Not distinguishable from zero | −0.37%−0.69% to −0.05%Tentative |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.04%−0.14% to +0.21%Not distinguishable from zero | +0.06%−0.14% to +0.25%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.