Compare two stocks
ZBRA and CMI clearly differ on 2 of 19 forces. The widest gap is short-term rates: in weeks when the 2-year Treasury yield rose 0.25 percentage points, ZBRA typically moved −5.5% and CMI +1.7%.
| Economic force | ZBRAZebra Technologies | CMICummins |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.3%−3.4% to +0.79%Not distinguishable from zero | −1.0%−1.7% to −0.37%Tentative |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +3.7%−0.40% to +7.9%Not distinguishable from zero | +4.3%+1.6% to +6.9%Clear |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +0.55%−1.6% to +2.7%Not distinguishable from zero | +0.73%−0.73% to +2.2%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.71%−1.8% to +0.41%Not distinguishable from zero | −0.55%−1.4% to +0.28%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −1.8%−6.3% to +2.6%Not distinguishable from zero | −0.45%−2.6% to +1.7%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage pointsClear difference | −5.5%−8.3% to −2.8%Clear | +1.7%+0.20% to +3.2%Tentative |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.11%−1.7% to +1.5%Not distinguishable from zero | −0.14%−1.0% to +0.68%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +1.4%−0.06% to +2.9%Not distinguishable from zero | −0.82%−2.0% to +0.38%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.60%−2.1% to +0.88%Not distinguishable from zero | −0.51%−1.1% to +0.04%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.24%−1.0% to +0.53%Not distinguishable from zero | −0.02%−0.52% to +0.49%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.06%−0.09% to −0.02%Tentative | −0.02%−0.04% to +0.01%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.55%−0.27% to +1.4%Not distinguishable from zero | +0.13%−0.56% to +0.83%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.84%+0.47% to +1.2%Clear | +0.49%+0.24% to +0.75%Clear |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.46%+0.16% to +0.76%Tentative | +0.52%+0.27% to +0.76%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage pointClear difference | −0.47%−1.0% to +0.02%Not distinguishable from zero | +0.46%+0.09% to +0.83%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −1.2%−4.2% to +1.8%Not distinguishable from zero | −3.5%−5.2% to −1.9%Clear |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +1.5%+0.21% to +2.8%Tentative | +0.61%−0.14% to +1.4%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.17%−0.65% to +0.30%Not distinguishable from zero | +0.42%+0.11% to +0.72%Tentative |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.14%−0.08% to +0.36%Not distinguishable from zero | −0.02%−0.24% to +0.20%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.