Compare two stocks
VRSN and TXT clearly differ on 4 of 19 forces. The widest gap is market volatility: in weeks when market volatility (the VIX) rose 5 points, VRSN typically moved +0.85% and TXT −1.3%.
| Economic force | VRSNVerisign | TXTTextron |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.02%−1.0% to +1.0%Not distinguishable from zero | −0.46%−1.6% to +0.72%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −0.27%−3.6% to +3.1%Not distinguishable from zero | +0.35%−2.5% to +3.2%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.31%−1.6% to +1.0%Not distinguishable from zero | +0.24%−1.2% to +1.6%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +0.58%−0.45% to +1.6%Not distinguishable from zero | +0.35%−0.47% to +1.2%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −1.2%−3.6% to +1.3%Not distinguishable from zero | −0.51%−2.2% to +1.2%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.21%−2.4% to +1.9%Not distinguishable from zero | −0.64%−2.6% to +1.3%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 pointsClear difference | +0.85%−0.01% to +1.7%Not distinguishable from zero | −1.3%−2.2% to −0.35%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.35%−0.80% to +1.5%Not distinguishable from zero | +0.33%−0.61% to +1.3%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.06%−0.67% to +0.78%Not distinguishable from zero | +0.89%−0.10% to +1.9%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +1.2%+0.26% to +2.1%Tentative | +0.20%−0.37% to +0.76%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | +0.01%−0.01% to +0.04%Not distinguishable from zero | +0.01%−0.01% to +0.03%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.32%−1.0% to +0.40%Not distinguishable from zero | −0.25%−1.0% to +0.51%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage pointClear difference | −0.23%−0.48% to +0.03%Not distinguishable from zero | +0.83%+0.61% to +1.0%Clear |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.03%−0.28% to +0.34%Not distinguishable from zero | +0.92%+0.74% to +1.1%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.57%−0.88% to −0.26%Clear | −0.07%−0.41% to +0.26%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +1.9%−0.04% to +3.8%Not distinguishable from zero | +0.06%−2.0% to +2.1%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.92%+0.19% to +1.7%Tentative | −0.06%−1.1% to +1.0%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.37%−0.68% to −0.06%Tentative | −0.09%−0.38% to +0.21%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage pointClear difference | +0.27%+0.08% to +0.46%Tentative | −0.08%−0.24% to +0.08%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.