Compare two stocks
On none of the 19 forces measured do ZTS and AVY differ by more than the noise in the readings: their 90% ranges overlap every time.
| Economic force | ZTSZoetis | AVYAvery Dennison |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −1.9%−2.8% to −0.91%Clear | −1.5%−2.1% to −0.81%Clear |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +1.6%−1.4% to +4.6%Not distinguishable from zero | +1.6%−0.31% to +3.4%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | −1.2%−2.4% to +0.05%Not distinguishable from zero | −1.3%−2.3% to −0.33%Tentative |
| Oil and energyIn weeks when the price of oil rose 10% | −0.38%−1.1% to +0.35%Not distinguishable from zero | −0.67%−1.3% to −0.02%Tentative |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −1.9%−4.5% to +0.64%Not distinguishable from zero | −1.6%−3.3% to +0.14%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.86%−2.4% to +0.69%Not distinguishable from zero | −0.73%−2.2% to +0.69%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −1.2%−2.7% to +0.22%Not distinguishable from zero | −0.38%−1.2% to +0.41%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | −1.3%−2.7% to +0.10%Not distinguishable from zero | +0.49%−0.28% to +1.3%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.79%−1.7% to +0.08%Not distinguishable from zero | −0.05%−1.0% to +0.88%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | −0.29%−1.0% to +0.42%Not distinguishable from zero | +0.51%−0.03% to +1.0%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | 0.00%−0.01% to +0.01%Not distinguishable from zero | −0.01%−0.02% to +0.01%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.34%−1.1% to +0.38%Not distinguishable from zero | −0.06%−0.54% to +0.41%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.21%−0.04% to +0.47%Not distinguishable from zero | +0.50%+0.29% to +0.71%Clear |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.45%+0.18% to +0.73%Tentative | +0.61%+0.44% to +0.77%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.54%−1.0% to −0.06%Tentative | −0.32%−0.52% to −0.13%Tentative |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | +1.3%−1.0% to +3.5%Not distinguishable from zero | −0.27%−1.5% to +1.0%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | +0.23%−0.64% to +1.1%Not distinguishable from zero | −0.13%−0.79% to +0.53%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.09%−0.55% to +0.37%Not distinguishable from zero | +0.12%−0.10% to +0.35%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.21%−0.03% to +0.45%Not distinguishable from zero | +0.07%−0.02% to +0.16%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.