Mohawk Industries Correlations

MHK Stock

USD 109.33 1.84 1.66%

The current 90-days correlation between Mohawk Industries and Masco is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mohawk Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mohawk Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Mohawk Industries Correlation With Market

Good diversification

The correlation between Mohawk Industries and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mohawk Industries and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Mohawk Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mohawk Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more information on how to buy Mohawk Stock please use our How to buy in Mohawk Stock guide.

Moving together with Mohawk Stock

0.65

MBC

MasterBrand

Pair Corr

Moving against Mohawk Stock

0.47	NTZ	Natuzzi SpA	Pair Corr
0.42	NCL	Northann Corp	Pair Corr
0.32	MWYN	Marwynn Holdings, Common	Pair Corr
0.42	CRWS	Crown Crafts	Pair Corr

Related Correlations Analysis

	LZB	MBC	MLKN	FLXS	MAS	LKQ	MTD	MLM	SEE
LZB		-0.21	-0.36	-0.52	0.2	0.84	-0.07	0.3	0.26	LZB
MBC	-0.21		0.31	0.48	0.07	-0.19	-0.16	-0.32	-0.44	MBC
MLKN	-0.36	0.31		0.75	0.61	-0.32	0.74	0.34	0.35	MLKN
FLXS	-0.52	0.48	0.75		0.49	-0.43	0.37	0.24	0.15	FLXS
MAS	0.2	0.07	0.61	0.49		0.25	0.66	0.71	0.68	MAS
LKQ	0.84	-0.19	-0.32	-0.43	0.25		-0.12	0.19	0.2	LKQ
MTD	-0.07	-0.16	0.74	0.37	0.66	-0.12		0.65	0.71	MTD
MLM	0.3	-0.32	0.34	0.24	0.71	0.19	0.65		0.88	MLM
SEE	0.26	-0.44	0.35	0.15	0.68	0.2	0.71	0.88		SEE
	LZB	MBC	MLKN	FLXS	MAS	LKQ	MTD	MLM	SEE

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SEE	+ 0.88	MLM
LKQ	+ 0.84	LZB
FLXS	+ 0.75	MLKN
MTD	+ 0.74	MLKN
MLM	+ 0.71	MAS
SEE	+ 0.71	MTD

High negative correlations

FLXS	- 0.52	LZB
SEE	- 0.44	MBC
LKQ	- 0.43	FLXS
MLKN	- 0.36	LZB
LKQ	- 0.32	MLKN
MLM	- 0.32	MBC

Risk-Adjusted Indicators

There is a big difference between Mohawk Stock performing well and Mohawk Industries Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Mohawk Industries' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LZB	1.37	0.00	0.00	0.14	0.00	0.00	3.42	(2.67)	8.35
MBC	2.34	(0.05)	(0.03)	0.02	3.90	(2.25)	3.87	(4.28)	19.38
MLKN	1.87	0.37	0.12	(2.18)	1.51	(2.61)	4.48	(2.50)	16.52
FLXS	2.82	(0.04)	0.05	0.12	2.64	(3.08)	5.50	(4.54)	22.71
MAS	1.50	(0.13)	(0.02)	0.06	1.68	(1.61)	2.88	(2.50)	15.75
LKQ	1.16	(0.15)	0.00	0.73	0.00	0.00	1.62	(2.36)	11.57
MTD	1.63	0.23	0.06	1.48	1.76	(1.71)	4.11	(2.73)	13.69
MLM	1.04	0.07	0.04	0.21	1.08	(1.19)	2.19	(1.86)	7.04
SEE	1.50	0.29	0.09	(1.33)	1.22	(1.86)	3.14	(2.17)	9.14

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