Compare two stocks
WDAY and COF clearly differ on 5 of 19 forces. The widest gap is market volatility: in weeks when market volatility (the VIX) rose 5 points, WDAY typically moved +1.6% and COF −1.5%.
| Economic force | WDAYWorkday, Inc. | COFCapital One |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.6%−3.3% to +0.02%Not distinguishable from zero | −1.9%−3.3% to −0.39%Tentative |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +4.8%+1.3% to +8.3%Tentative | +5.0%+1.5% to +8.5%Tentative |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +1.6%−0.41% to +3.7%Not distinguishable from zero | +1.3%−0.57% to +3.1%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.14%−1.5% to +1.2%Not distinguishable from zero | −1.0%−1.9% to −0.10%Tentative |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −2.8%−7.0% to +1.4%Not distinguishable from zero | −3.5%−6.5% to −0.51%Tentative |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −4.3%−7.3% to −1.4%Tentative | −2.4%−4.3% to −0.41%Tentative |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 pointsClear difference | +1.6%+0.01% to +3.2%Tentative | −1.5%−2.5% to −0.52%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.33%−1.3% to +1.9%Not distinguishable from zero | +0.79%−0.54% to +2.1%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.02%−1.1% to +1.1%Not distinguishable from zero | −0.84%−1.6% to −0.04%Tentative |
| CopperIn weeks when the price of copper rose 5% | −0.16%−1.2% to +0.93%Not distinguishable from zero | −0.38%−1.0% to +0.20%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | +0.04%+0.01% to +0.07%Tentative | −0.10%−0.13% to −0.07%Clear |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.68%−1.8% to +0.42%Not distinguishable from zero | +0.59%−0.17% to +1.3%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage pointClear difference | −0.24%−0.57% to +0.09%Not distinguishable from zero | +0.86%+0.64% to +1.1%Clear |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | −0.34%−0.79% to +0.11%Not distinguishable from zero | +0.75%+0.50% to +1.0%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | −1.3%−1.9% to −0.69%Clear | −0.10%−0.47% to +0.27%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +1.8%−1.9% to +5.6%Not distinguishable from zero | −1.2%−3.7% to +1.3%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +1.0%−0.50% to +2.5%Not distinguishable from zero | −0.28%−1.1% to +0.50%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −1.0%−1.6% to −0.38%Tentative | −0.18%−0.49% to +0.14%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.26%−0.12% to +0.63%Not distinguishable from zero | +0.13%−0.09% to +0.34%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.