Compare two stocks
WDC and JCI clearly differ on 3 of 19 forces. The widest gap is momentum: in weeks when recent winners beat the stock market by 1 percentage point, WDC typically moved +2.0% and JCI +0.29%.
| Economic force | WDCWestern Digital | JCIJohnson Controls |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +1.5%−0.84% to +3.8%Not distinguishable from zero | +1.3%+0.03% to +2.5%Tentative |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −3.0%−9.2% to +3.3%Not distinguishable from zero | −1.1%−3.8% to +1.7%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −0.43%−3.2% to +2.3%Not distinguishable from zero | −0.42%−1.9% to +1.1%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +0.04%−1.5% to +1.6%Not distinguishable from zero | +0.10%−0.81% to +1.0%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +1.6%−3.2% to +6.5%Not distinguishable from zero | +2.2%−0.34% to +4.8%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +3.6%−0.94% to +8.1%Not distinguishable from zero | +1.5%−1.0% to +3.9%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −3.4%−5.6% to −1.2%Tentative | −1.2%−2.1% to −0.30%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.16%−2.0% to +2.4%Not distinguishable from zero | −0.64%−2.0% to +0.67%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.01%−2.6% to +2.6%Not distinguishable from zero | −1.0%−1.7% to −0.25%Tentative |
| CopperIn weeks when the price of copper rose 5% | −0.39%−2.2% to +1.4%Not distinguishable from zero | +0.27%−0.45% to +1.0%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | +0.03%−0.03% to +0.09%Not distinguishable from zero | −0.02%−0.04% to 0.00%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.46%−2.0% to +1.1%Not distinguishable from zero | −0.21%−1.3% to +0.92%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.67%+0.22% to +1.1%Tentative | +0.34%+0.07% to +0.61%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.19%−0.36% to +0.75%Not distinguishable from zero | +0.52%+0.19% to +0.84%Tentative |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | +2.0%+1.2% to +2.9%Clear | +0.29%−0.09% to +0.67%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −4.5%−8.6% to −0.35%Tentative | −4.6%−6.7% to −2.6%Clear |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.64%−2.4% to +1.1%Not distinguishable from zero | +0.41%−0.63% to +1.5%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage pointClear difference | +1.8%+0.84% to +2.7%Clear | +0.05%−0.32% to +0.42%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage pointClear difference | −0.67%−1.2% to −0.14%Tentative | +0.08%−0.11% to +0.26%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.