Compare two stocks
WMT and ACGL clearly differ on 3 of 19 forces. The widest gap is market volatility: in weeks when market volatility (the VIX) rose 5 points, WMT typically moved +0.11% and ACGL −1.4%.
| Economic force | WMTWalmart | ACGLArch Capital Group |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | +0.17%−1.6% to +1.9%Not distinguishable from zero | +0.51%−0.95% to +2.0%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +0.22%−3.1% to +3.6%Not distinguishable from zero | −0.54%−3.1% to +2.0%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +0.78%−0.87% to +2.4%Not distinguishable from zero | +1.0%−0.31% to +2.4%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.06%−0.76% to +0.65%Not distinguishable from zero | −0.02%−0.87% to +0.83%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +2.3%−0.57% to +5.2%Not distinguishable from zero | +1.3%−1.1% to +3.7%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +0.59%−0.94% to +2.1%Not distinguishable from zero | +1.5%−0.17% to +3.1%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 pointsClear difference | +0.11%−0.68% to +0.91%Not distinguishable from zero | −1.4%−2.2% to −0.71%Clear |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −0.52%−1.6% to +0.54%Not distinguishable from zero | −0.29%−1.5% to +0.92%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.67%−0.21% to +1.6%Not distinguishable from zero | +0.19%−0.51% to +0.90%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.01%−0.65% to +0.68%Not distinguishable from zero | +0.39%−0.06% to +0.84%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | −0.01%−0.03% to +0.01%Not distinguishable from zero | +0.03%+0.01% to +0.05%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.80%−1.6% to −0.02%Tentative | −0.58%−1.2% to +0.06%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | −0.02%−0.31% to +0.26%Not distinguishable from zero | +0.11%−0.12% to +0.33%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.10%−0.18% to +0.38%Not distinguishable from zero | +0.72%+0.52% to +0.92%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | +0.31%+0.04% to +0.58%Tentative | −0.15%−0.39% to +0.09%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −0.23%−2.2% to +1.8%Not distinguishable from zero | −0.62%−2.4% to +1.2%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.18%−0.62% to +1.0%Not distinguishable from zero | −0.76%−1.6% to +0.09%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.24%−0.54% to +0.07%Not distinguishable from zero | −0.35%−0.60% to −0.09%Tentative |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.02%−0.14% to +0.18%Not distinguishable from zero | +0.14%+0.01% to +0.26%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.