Compare two stocks
On none of the 19 forces measured do WAT and IFF differ by more than the noise in the readings: their 90% ranges overlap every time.
| Economic force | WATWaters Corporation | IFFInternational Flavors & Fragrances |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.2%−2.5% to +0.08%Not distinguishable from zero | −1.1%−2.0% to −0.31%Tentative |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +0.05%−4.2% to +4.3%Not distinguishable from zero | −0.06%−2.9% to +2.7%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −1.2%−3.2% to +0.75%Not distinguishable from zero | −1.7%−3.2% to −0.21%Tentative |
| Oil and energyIn weeks when the price of oil rose 10% | −1.5%−2.4% to −0.51%Tentative | −1.7%−2.5% to −1.0%Clear |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −2.8%−6.3% to +0.63%Not distinguishable from zero | −2.6%−5.2% to −0.03%Tentative |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −2.7%−4.9% to −0.45%Tentative | −0.78%−3.1% to +1.5%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | +0.32%−0.82% to +1.5%Not distinguishable from zero | +0.13%−0.69% to +1.0%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +1.1%−0.58% to +2.8%Not distinguishable from zero | +1.0%−0.40% to +2.3%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.42%−0.67% to +1.5%Not distinguishable from zero | +1.2%+0.18% to +2.3%Tentative |
| CopperIn weeks when the price of copper rose 5% | +0.83%+0.06% to +1.6%Tentative | +1.3%+0.58% to +2.0%Clear |
| 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 | +0.02%0.00% to +0.04%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.04%−0.70% to +0.78%Not distinguishable from zero | −0.64%−1.3% to +0.05%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.59%+0.32% to +0.86%Clear | +0.39%+0.08% to +0.70%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.55%+0.22% to +0.88%Tentative | +0.81%+0.57% to +1.0%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.22%−0.68% to +0.24%Not distinguishable from zero | −0.45%−0.86% to −0.04%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +1.6%−1.1% to +4.2%Not distinguishable from zero | −0.45%−2.9% to +1.9%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.16%−1.2% to +1.5%Not distinguishable from zero | −0.41%−1.3% to +0.47%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.11%−0.32% to +0.55%Not distinguishable from zero | +0.35%−0.13% to +0.84%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.06%−0.18% to +0.30%Not distinguishable from zero | +0.03%−0.14% to +0.21%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.