Compare two stocks
TXT and EXPD clearly differ on 5 of 19 forces. The widest gap is market volatility: in weeks when market volatility (the VIX) rose 5 points, TXT typically moved −1.3% and EXPD +0.81%.
| Economic force | TXTTextron | EXPDExpeditors International |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.46%−1.6% to +0.72%Not distinguishable from zero | −0.16%−1.1% to +0.76%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +0.35%−2.5% to +3.2%Not distinguishable from zero | +0.35%−1.4% to +2.1%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +0.24%−1.2% to +1.6%Not distinguishable from zero | −0.08%−1.9% to +1.7%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +0.35%−0.47% to +1.2%Not distinguishable from zero | +0.35%−0.24% to +0.94%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −0.51%−2.2% to +1.2%Not distinguishable from zero | −0.77%−3.4% to +1.8%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.64%−2.6% to +1.3%Not distinguishable from zero | −1.9%−3.9% to +0.09%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 pointsClear difference | −1.3%−2.2% to −0.35%Tentative | +0.81%−0.02% to +1.6%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.33%−0.61% to +1.3%Not distinguishable from zero | −0.70%−1.7% to +0.27%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5%Clear difference | +0.89%−0.10% to +1.9%Not distinguishable from zero | −0.90%−1.6% to −0.18%Tentative |
| CopperIn weeks when the price of copper rose 5% | +0.20%−0.37% to +0.76%Not distinguishable from zero | −0.50%−1.0% to +0.03%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | +0.01%−0.01% to +0.03%Not distinguishable from zero | −0.03%−0.04% to −0.01%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.25%−1.0% to +0.51%Not distinguishable from zero | −0.39%−1.0% to +0.22%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage pointClear difference | +0.83%+0.61% to +1.0%Clear | +0.19%−0.02% to +0.40%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.92%+0.74% to +1.1%Clear | +0.47%+0.27% to +0.67%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.07%−0.41% to +0.26%Not distinguishable from zero | −0.63%−1.0% to −0.27%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +0.06%−2.0% to +2.1%Not distinguishable from zero | +3.3%+0.86% to +5.7%Tentative |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.06%−1.1% to +1.0%Not distinguishable from zero | +0.78%−0.20% to +1.8%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.09%−0.38% to +0.21%Not distinguishable from zero | −0.08%−0.37% to +0.21%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | −0.08%−0.24% to +0.08%Not distinguishable from zero | +0.06%−0.13% 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.