Mohawk Industries Correlations

MHK Stock

USD 111.87 2.40 2.10%

The current 90-days correlation between Mohawk Industries and Bassett Furniture Industries is 0.22 (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

Very weak diversification

The correlation between Mohawk Industries and DJI is 0.54 (i.e., Very weak 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.

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

0.69	SN	SharkNinja,	Pair Corr
0.87	LEG	Leggett Platt	Pair Corr
0.63	LZB	La Z Boy	Pair Corr
0.8	MBC	MasterBrand	Pair Corr
0.69	NCL	Northann Corp	Pair Corr
0.65	WHR	Whirlpool	Pair Corr
0.65	LCUT	Lifetime Brands	Pair Corr
0.71	LOVE	Lovesac	Pair Corr
0.65	PRPL	Purple Innovation	Pair Corr
0.73	AMWD	American Woodmark	Pair Corr
0.66	CRWS	Crown Crafts	Pair Corr

Moving against Mohawk Stock

0.64	VIOT	Viomi Technology ADR Earnings Call This Week	Pair Corr
0.51	EFOI	Energy Focu	Pair Corr
0.36	HBB	Hamilton Beach Brands	Pair Corr
0.44	BSET	Bassett Furniture	Pair Corr

Related Correlations Analysis

	BSET	ETD	NTZ	FLXS	KBAL	LZB	AMWD	MBC
BSET		-0.17	-0.04	-0.6	0.0	-0.31	-0.67	-0.5	BSET
ETD	-0.17		0.44	0.51	0.0	0.8	0.43	0.7	ETD
NTZ	-0.04	0.44		0.05	0.0	0.45	0.15	0.46	NTZ
FLXS	-0.6	0.51	0.05		0.0	0.72	0.87	0.62	FLXS
KBAL	0.0	0.0	0.0	0.0		0.0	0.0	0.0	KBAL
LZB	-0.31	0.8	0.45	0.72	0.0		0.72	0.75	LZB
AMWD	-0.67	0.43	0.15	0.87	0.0	0.72		0.76	AMWD
MBC	-0.5	0.7	0.46	0.62	0.0	0.75	0.76		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

AMWD	+ 0.87	FLXS
LZB	+ 0.8	ETD
MBC	+ 0.76	AMWD
MBC	+ 0.75	LZB
LZB	+ 0.72	FLXS
AMWD	+ 0.72	LZB

High negative correlations

AMWD	- 0.67	BSET
FLXS	- 0.6	BSET
MBC	- 0.5	BSET
LZB	- 0.31	BSET
ETD	- 0.17	BSET
NTZ	- 0.04	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	1.41	0.18	0.11	1.08	1.83	(1.51)	3.43	(2.82)	10.89
ETD	1.23	0.04	0.00	(0.02)	0.00	0.00	2.04	(2.35)	14.02
NTZ	2.59	0.35	0.15	(1.60)	2.40	(3.55)	7.22	(4.38)	24.28
FLXS	2.64	(0.47)	0.00	(0.38)	0.00	0.00	4.30	(5.27)	37.91
KBAL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LZB	1.48	(0.11)	0.00	(0.17)	0.00	0.00	2.96	(3.84)	9.42
AMWD	1.56	(0.43)	0.00	(0.43)	0.00	0.00	2.42	(3.47)	15.97
MBC	1.70	(0.01)	0.00	(0.07)	0.00	0.00	3.14	(3.85)	10.11

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