Compare two stocks
WDAY and GS clearly differ on 7 of 19 forces. The widest gap is short-term rates: in weeks when the 2-year Treasury yield rose 0.25 percentage points, WDAY typically moved −4.3% and GS +0.68%.
| Economic force | WDAYWorkday, Inc. | GSGoldman Sachs |
|---|---|---|
| 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%−2.7% to −1.0%Clear |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +4.8%+1.3% to +8.3%Tentative | +4.1%+1.8% to +6.5%Clear |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +1.6%−0.41% to +3.7%Not distinguishable from zero | +0.18%−1.4% to +1.7%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 | −0.18%−0.85% to +0.48%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −2.8%−7.0% to +1.4%Not distinguishable from zero | −2.9%−5.4% to −0.36%Tentative |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage pointsClear difference | −4.3%−7.3% to −1.4%Tentative | +0.68%−0.86% to +2.2%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 pointsClear difference | +1.6%+0.01% to +3.2%Tentative | −1.1%−1.8% to −0.36%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 | +0.53%−0.88% to +1.9%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.02%−1.1% to +1.1%Not distinguishable from zero | −1.4%−2.0% to −0.87%Clear |
| CopperIn weeks when the price of copper rose 5% | −0.16%−1.2% to +0.93%Not distinguishable from zero | −0.34%−0.87% to +0.18%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 | −0.05%−0.09% to −0.02%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.68%−1.8% to +0.42%Not distinguishable from zero | −0.01%−0.66% to +0.64%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 | +0.53%+0.36% to +0.70%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 | +0.67%+0.46% to +0.87%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | −1.3%−1.9% to −0.69%Clear | +0.20%−0.07% to +0.46%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 | −0.74%−2.8% 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 | −0.03%−0.70% to +0.65%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage pointClear difference | −1.0%−1.6% to −0.38%Tentative | −0.07%−0.31% to +0.17%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 | −0.01%−0.14% to +0.13%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.