Compare two stocks
TSCO and BDX clearly differ on 1 of 19 forces. The widest gap is natural gas: in weeks when the U.S. natural gas price (Henry Hub) rose 10%, TSCO typically moved +0.06% and BDX −0.04%.
| Economic force | TSCOTractor Supply | BDXBecton Dickinson |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.4%−2.4% to −0.44%Tentative | −1.1%−2.3% to +0.11%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +3.5%+0.64% to +6.3%Tentative | +3.5%+0.35% to +6.7%Tentative |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −1.7%−3.3% to −0.13%Tentative | −0.80%−2.1% to +0.52%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −1.1%−1.9% to −0.19%Tentative | −1.1%−1.8% to −0.47%Clear |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −1.5%−3.8% to +0.70%Not distinguishable from zero | −1.9%−5.7% to +2.0%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +0.44%−1.5% to +2.4%Not distinguishable from zero | −2.6%−5.6% to +0.34%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | +0.53%−0.81% to +1.9%Not distinguishable from zero | −0.18%−1.0% to +0.69%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −0.43%−1.5% to +0.64%Not distinguishable from zero | +0.64%−0.44% to +1.7%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.80%−0.42% to +2.0%Not distinguishable from zero | +1.0%+0.27% to +1.8%Tentative |
| CopperIn weeks when the price of copper rose 5% | +0.04%−0.54% to +0.62%Not distinguishable from zero | +0.66%−0.13% to +1.4%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | +0.06%+0.03% to +0.10%Tentative | −0.04%−0.07% to −0.02%Clear |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.34%−1.0% to +0.34%Not distinguishable from zero | −0.56%−1.2% to +0.10%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.32%+0.02% to +0.61%Tentative | +0.28%+0.04% to +0.53%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.31%+0.06% to +0.56%Tentative | +0.57%+0.33% to +0.80%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.45%−0.86% to −0.04%Tentative | −0.82%−1.0% to −0.60%Clear |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −0.51%−3.2% to +2.1%Not distinguishable from zero | +1.5%−1.4% to +4.4%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −1.3%−2.4% to −0.13%Tentative | +0.28%−0.59% to +1.1%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.15%−0.52% to +0.22%Not distinguishable from zero | −0.01%−0.40% to +0.38%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.12%−0.12% to +0.35%Not distinguishable from zero | +0.17%+0.04% to +0.29%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.