Compare two stocks
TXN and CRM clearly differ on 2 of 19 forces. The widest gap is momentum: in weeks when recent winners beat the stock market by 1 percentage point, TXN typically moved +0.41% and CRM −0.89%.
| Economic force | TXNTexas Instruments | CRMSalesforce |
|---|---|---|
| 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 | −0.94%−2.5% to +0.61%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 | +3.5%+0.25% to +6.7%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 | +0.51%−1.2% to +2.2%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 | +0.12%−0.80% to +1.0%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 | −0.37%−5.0% to +4.2%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 | −2.0%−5.1% to +1.1%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 | +0.47%−0.53% to +1.5%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 | −0.06%−1.4% to +1.2%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −1.1%−2.2% to +0.05%Not distinguishable from zero | −0.39%−1.3% to +0.51%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.14%−0.71% to +0.43%Not distinguishable from zero | −0.25%−1.1% to +0.58%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%0.00% to +0.07%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.36%−1.2% to +0.51%Not distinguishable from zero | +0.63%−0.32% to +1.6%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 | −0.09%−0.49% to +0.31%Not distinguishable from zero |
| 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 | −0.37%−0.75% to +0.02%Not distinguishable from zero |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | +0.41%−0.01% to +0.82%Not distinguishable from zero | −0.89%−1.5% to −0.28%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −0.67%−3.0% to +1.7%Not distinguishable from zero | +0.52%−2.1% to +3.2%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 | +0.56%−0.47% to +1.6%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 | −0.56%−1.1% to −0.03%Tentative |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.20%−0.43% to +0.03%Not distinguishable from zero | +0.21%−0.06% to +0.49%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.