Compare two stocks
XEL and ADBE clearly differ on 5 of 19 forces. The widest gap is euro: in weeks when the euro rose 2% against the U.S. dollar, XEL typically moved −1.8% and ADBE +4.3%.
| Economic force | XELXcel Energy | ADBEAdobe Inc. |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.0%−2.1% to +0.17%Not distinguishable from zero | −1.1%−2.7% to +0.57%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −1.4%−3.9% to +1.1%Not distinguishable from zero | −1.5%−5.8% to +2.9%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +0.47%−0.83% to +1.8%Not distinguishable from zero | +0.43%−1.4% to +2.3%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | +0.09%−0.58% to +0.77%Not distinguishable from zero | +0.74%−0.43% to +1.9%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −0.42%−3.8% to +3.0%Not distinguishable from zero | +0.31%−3.5% to +4.1%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +0.21%−1.3% to +1.7%Not distinguishable from zero | −1.7%−3.9% to +0.50%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −1.1%−1.7% to −0.43%Tentative | +1.2%−0.52% to +3.0%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.62%−0.31% to +1.5%Not distinguishable from zero | −0.37%−1.9% to +1.2%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | +0.45%−0.38% to +1.3%Not distinguishable from zero | −0.70%−1.7% to +0.31%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.10%−0.46% to +0.65%Not distinguishable from zero | −0.84%−1.9% to +0.21%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10%Clear difference | −0.02%−0.04% to +0.01%Not distinguishable from zero | +0.05%+0.02% to +0.08%Clear |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.64%−1.7% to +0.46%Not distinguishable from zero | −0.17%−1.1% to +0.77%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage pointClear difference | +0.25%+0.02% to +0.49%Tentative | −0.59%−1.0% to −0.18%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage pointClear difference | +0.71%+0.56% to +0.87%Clear | −0.44%−0.90% to +0.02%Not distinguishable from zero |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.30%−0.68% to +0.08%Not distinguishable from zero | −1.2%−1.8% to −0.55%Clear |
| EuroIn weeks when the euro rose 2% against the U.S. dollarClear difference | −1.8%−3.5% to −0.12%Tentative | +4.3%+1.1% to +7.6%Tentative |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.05%−0.52% to +0.62%Not distinguishable from zero | +0.49%−0.81% to +1.8%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage pointClear difference | −0.05%−0.27% to +0.18%Not distinguishable from zero | −1.0%−1.5% to −0.48%Clear |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.05%−0.07% to +0.17%Not distinguishable from zero | +0.29%+0.03% to +0.55%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.