Compare two stocks
TXN and CDW clearly differ on 1 of 19 forces. The widest gap is emerging markets: in weeks when emerging-market stocks beat the S&P 500 by 1 percentage point, TXN typically moved +0.72% and CDW −0.21%.
| Economic force | TXNTexas Instruments | CDWCDW Corporation |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.48%−2.7% to +1.8%Not distinguishable from zero | −0.57%−1.5% to +0.40%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +2.7%−1.6% to +7.0%Not distinguishable from zero | +3.4%+0.67% to +6.0%Tentative |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +0.07%−1.7% to +1.8%Not distinguishable from zero | −0.45%−1.8% to +0.92%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +0.36%−1.0% to +1.7%Not distinguishable from zero | +0.19%−0.87% to +1.3%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −0.35%−3.0% to +2.3%Not distinguishable from zero | −1.7%−4.9% to +1.5%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.89%−2.9% to +1.2%Not distinguishable from zero | +0.47%−1.3% to +2.2%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.26%−1.4% to +0.87%Not distinguishable from zero | −0.88%−2.2% to +0.47%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.42%−0.90% to +1.7%Not distinguishable from zero | −0.50%−1.9% to +0.89%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −1.1%−2.2% to +0.05%Not distinguishable from zero | −1.4%−2.5% to −0.27%Tentative |
| CopperIn weeks when the price of copper rose 5% | −0.14%−0.71% to +0.43%Not distinguishable from zero | −0.51%−1.4% to +0.34%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.02%−0.05% to +0.02%Not distinguishable from zero | −0.04%−0.06% to −0.02%Clear |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.36%−1.2% to +0.51%Not distinguishable from zero | −1.0%−2.1% to +0.02%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.41%+0.09% to +0.72%Tentative | +0.38%+0.10% to +0.67%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.26%−0.06% to +0.59%Not distinguishable from zero | +0.32%−0.04% to +0.68%Not distinguishable from zero |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | +0.41%−0.01% to +0.82%Not distinguishable from zero | −0.12%−0.56% to +0.32%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −0.67%−3.0% to +1.7%Not distinguishable from zero | −0.54%−3.0% to +1.9%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.71%−0.31% to +1.7%Not distinguishable from zero | −0.14%−1.2% to +0.94%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage pointClear difference | +0.72%+0.37% to +1.1%Clear | −0.21%−0.62% to +0.21%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.20%−0.43% to +0.03%Not distinguishable from zero | +0.05%−0.15% to +0.24%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.