Mohawk Industries Correlations

MHK Stock

USD 108.33 0.58 0.54%

The current 90-days correlation between Mohawk Industries and Bassett Furniture Industries is 0.28 (i.e., Modest 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

Poor diversification

The correlation between Mohawk Industries and DJI is 0.78 (i.e., Poor 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

0.78	SN	SharkNinja,	Pair Corr
0.83	FLXS	Flexsteel Industries	Pair Corr
0.62	ETD	Ethan Allen Interiors	Pair Corr
0.9	HOFT	Hooker Furniture	Pair Corr
0.71	ATER	Aterian	Pair Corr
0.77	H	Hyatt Hotels	Pair Corr
0.91	M	Macys Inc	Pair Corr
0.77	W	Wayfair	Pair Corr
0.85	DIBS	1StdibsCom	Pair Corr
0.78	AS	Amer Sports,	Pair Corr
0.95	BC	Brunswick	Pair Corr
0.77	BQ	Boqii Holding Limited	Pair Corr
0.81	EM	Smart Share Global	Pair Corr
0.82	FL	Foot Locker Trending	Pair Corr
0.7	HD	Home Depot Earnings Call This Week	Pair Corr
0.73	JD	JD Inc Adr	Pair Corr
0.76	JL	J Long Group	Pair Corr
0.92	LE	Lands End	Pair Corr
0.61	LI	Li Auto Earnings Call This Week	Pair Corr
0.86	QS	Quantumscape Corp Aggressive Push	Pair Corr
0.85	RH	RH	Pair Corr
0.62	RL	Ralph Lauren Corp	Pair Corr
0.74	SG	Sweetgreen	Pair Corr
0.88	UA	Under Armour C	Pair Corr
0.68	VC	Visteon Corp	Pair Corr
0.85	WH	Wyndham Hotels Resorts	Pair Corr

Moving against Mohawk Stock

0.68	BSET	Bassett Furniture	Pair Corr
0.53	NVFY	Nova Lifestyle I	Pair Corr
0.44	GT	Goodyear Tire Rubber	Pair Corr

Related Correlations Analysis

	BSET	ETD	NTZ	FLXS	KBAL	LZB	AMWD	MBC
BSET		-0.21	-0.75	-0.73	0.0	-0.26	-0.52	-0.73	BSET
ETD	-0.21		0.42	0.63	0.0	0.64	0.71	0.67	ETD
NTZ	-0.75	0.42		0.72	0.0	0.25	0.48	0.79	NTZ
FLXS	-0.73	0.63	0.72		0.0	0.7	0.88	0.94	FLXS
KBAL	0.0	0.0	0.0	0.0		0.0	0.0	0.0	KBAL
LZB	-0.26	0.64	0.25	0.7	0.0		0.82	0.54	LZB
AMWD	-0.52	0.71	0.48	0.88	0.0	0.82		0.83	AMWD
MBC	-0.73	0.67	0.79	0.94	0.0	0.54	0.83		MBC
	BSET	ETD	NTZ	FLXS	KBAL	LZB	AMWD	MBC

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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

MBC	+ 0.94	FLXS
AMWD	+ 0.88	FLXS
MBC	+ 0.83	AMWD
AMWD	+ 0.82	LZB
MBC	+ 0.79	NTZ
FLXS	+ 0.72	NTZ

High negative correlations

NTZ	- 0.75	BSET
MBC	- 0.73	BSET
FLXS	- 0.73	BSET
AMWD	- 0.52	BSET
LZB	- 0.26	BSET
ETD	- 0.21	BSET

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
BSET	1.93	0.41	0.16	0.76	2.41	(2.05)	4.39	(4.23)	17.77
ETD	1.80	0.02	0.00	(0.05)	0.00	0.00	3.89	(2.99)	19.47
NTZ	2.72	(0.40)	0.00	1.37	0.00	0.00	5.26	(8.99)	23.35
FLXS	2.45	(0.61)	0.00	(0.67)	0.00	0.00	4.29	(4.91)	17.16
KBAL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LZB	1.79	0.07	0.03	(0.01)	2.40	(1.90)	4.04	(3.62)	12.70
AMWD	2.03	(0.26)	0.00	(0.37)	0.00	0.00	3.76	(3.88)	14.85
MBC	2.82	(0.46)	0.00	(0.46)	0.00	0.00	3.69	(5.84)	25.48

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