Compare two stocks
On none of the 19 forces measured do UPS and CTSH differ by more than the noise in the readings: their 90% ranges overlap every time.
| Economic force | UPSUnited Parcel Service | CTSHCognizant |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.1%−2.2% to −0.02%Tentative | −1.1%−2.4% to +0.11%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +4.1%+1.2% to +7.0%Tentative | +3.4%+0.53% to +6.3%Tentative |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −2.3%−4.0% to −0.53%Tentative | −2.4%−4.6% to −0.30%Tentative |
| Oil and energyIn weeks when the price of oil rose 10% | −0.56%−1.8% to +0.66%Not distinguishable from zero | −0.31%−1.6% to +1.0%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −2.5%−5.4% to +0.36%Not distinguishable from zero | −2.6%−6.1% to +0.92%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +0.08%−2.1% to +2.3%Not distinguishable from zero | −1.9%−4.6% to +0.74%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | +0.17%−1.0% to +1.4%Not distinguishable from zero | +0.32%−0.77% to +1.4%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.52%−0.58% to +1.6%Not distinguishable from zero | +1.3%−0.38% to +2.9%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.34%−1.3% to +0.61%Not distinguishable from zero | −0.23%−1.2% to +0.73%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.92%−0.24% to +2.1%Not distinguishable from zero | +0.06%−0.61% to +0.74%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | +0.01%−0.02% to +0.03%Not distinguishable from zero | +0.02%−0.03% to +0.07%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −1.1%−2.1% to −0.18%Tentative | −0.17%−1.0% to +0.64%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.38%−0.02% to +0.78%Not distinguishable from zero | +0.19%−0.20% to +0.57%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.81%+0.47% to +1.1%Clear | +0.29%−0.06% to +0.63%Not distinguishable from zero |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.65%−1.1% to −0.22%Tentative | −1.0%−1.5% to −0.53%Clear |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +1.4%−0.79% to +3.5%Not distinguishable from zero | +0.51%−2.1% to +3.1%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −1.2%−2.2% to −0.16%Tentative | +0.67%−0.62% to +2.0%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.09%−0.33% to +0.51%Not distinguishable from zero | −0.68%−1.1% to −0.30%Tentative |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.05%−0.14% to +0.23%Not distinguishable from zero | +0.43%+0.12% to +0.74%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.