Compare two stocks
WMB and NTAP clearly differ on 2 of 19 forces. The widest gap is value vs growth: in weeks when value stocks beat growth stocks by 1 percentage point, WMB typically moved +0.53% and NTAP −0.29%.
| Economic force | WMBWilliams Companies | NTAPNetApp |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.19%−1.3% to +0.92%Not distinguishable from zero | +0.76%−0.85% to +2.4%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −0.36%−3.0% to +2.3%Not distinguishable from zero | −1.8%−5.0% to +1.4%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +0.88%−1.0% to +2.7%Not distinguishable from zero | +0.21%−1.4% to +1.9%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +1.4%+0.37% to +2.4%Tentative | +0.93%−0.30% to +2.1%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +2.4%+0.16% to +4.6%Tentative | +1.2%−3.6% to +5.9%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +1.2%−0.75% to +3.2%Not distinguishable from zero | −1.9%−4.8% to +1.0%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −1.3%−2.4% to −0.26%Tentative | −0.01%−0.82% to +0.79%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +1.1%+0.03% to +2.1%Tentative | +2.3%+0.46% to +4.2%Tentative |
| GoldIn weeks when the price of gold rose 5% | +0.07%−0.81% to +1.0%Not distinguishable from zero | −0.23%−1.3% to +0.85%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.02%−0.62% to +0.66%Not distinguishable from zero | −0.47%−1.1% to +0.13%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 +0.08%Tentative | −0.06%−0.08% to −0.03%Clear |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.38%−1.1% to +0.32%Not distinguishable from zero | +0.38%−1.0% to +1.8%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.32%+0.03% to +0.62%Tentative | +0.48%+0.20% to +0.76%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.53%+0.30% to +0.76%Clear | −0.29%−0.62% to +0.04%Not distinguishable from zero |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | +0.33%−0.06% to +0.71%Not distinguishable from zero | +0.50%+0.02% to +1.0%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −3.3%−5.1% to −1.5%Tentative | −2.7%−6.2% to +0.77%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.51%−1.4% to +0.40%Not distinguishable from zero | +1.1%+0.07% to +2.2%Tentative |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | +0.03%−0.30% to +0.36%Not distinguishable from zero | +0.21%−0.14% to +0.56%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.02%−0.18% to +0.22%Not distinguishable from zero | −0.30%−0.59% to −0.02%Tentative |
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.