Compare two stocks
WRB and NOW clearly differ on 3 of 19 forces. The widest gap is market volatility: in weeks when market volatility (the VIX) rose 5 points, WRB typically moved −1.4% and NOW +1.5%.
| Economic force | WRBW. R. Berkley Corporation | NOWServiceNow |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.54%−1.8% to +0.74%Not distinguishable from zero | −0.22%−1.6% to +1.2%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −0.67%−3.3% to +2.0%Not distinguishable from zero | −0.34%−4.0% to +3.3%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +1.0%−0.19% to +2.2%Not distinguishable from zero | +1.5%−0.48% to +3.5%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +0.34%−0.47% to +1.2%Not distinguishable from zero | +0.22%−1.7% to +2.1%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +0.24%−2.1% to +2.5%Not distinguishable from zero | −0.46%−4.1% to +3.1%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +0.63%−1.2% to +2.4%Not distinguishable from zero | −2.8%−5.4% to −0.20%Tentative |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 pointsClear difference | −1.4%−2.2% to −0.62%Tentative | +1.5%−0.33% to +3.4%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.10%−0.82% to +1.0%Not distinguishable from zero | −0.20%−1.8% to +1.4%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.16%−0.72% to +1.0%Not distinguishable from zero | +0.39%−0.52% to +1.3%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.16%−0.38% to +0.70%Not distinguishable from zero | −0.79%−1.7% to +0.14%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | −0.02%−0.05% to 0.00%Not distinguishable from zero | +0.10%+0.07% to +0.12%Clear |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.67%−1.3% to −0.02%Tentative | +0.91%−0.28% to +2.1%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.24%+0.05% to +0.44%Tentative | −0.41%−0.88% to +0.07%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.80%+0.60% to +1.0%Clear | −1.0%−1.5% to −0.46%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.08%−0.37% to +0.21%Not distinguishable from zero | −0.73%−1.5% to +0.01%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −1.2%−2.7% to +0.21%Not distinguishable from zero | +1.9%−0.88% to +4.7%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.04%−0.84% to +0.92%Not distinguishable from zero | +0.84%−0.78% to +2.5%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.29%−0.58% to 0.00%Not distinguishable from zero | −0.80%−1.3% to −0.31%Tentative |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.16%+0.01% to +0.31%Tentative | +0.13%−0.19% to +0.45%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.