Mohawk Industries Stock Market Value
| MHK Stock | USD 139.06 1.57 1.14% |
| Symbol | Mohawk |
Mohawk Industries Price To Book Ratio
Is Household Durables space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mohawk Industries. If investors know Mohawk will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mohawk Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.557 | Earnings Share 8.85 | Revenue Per Share 170.048 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0432 |
The market value of Mohawk Industries is measured differently than its book value, which is the value of Mohawk that is recorded on the company's balance sheet. Investors also form their own opinion of Mohawk Industries' value that differs from its market value or its book value, called intrinsic value, which is Mohawk Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mohawk Industries' market value can be influenced by many factors that don't directly affect Mohawk Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mohawk Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mohawk Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mohawk Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Mohawk Industries 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Mohawk Industries' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Mohawk Industries.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Mohawk Industries on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Mohawk Industries or generate 0.0% return on investment in Mohawk Industries over 30 days. Mohawk Industries is related to or competes with Bassett Furniture, Ethan Allen, Natuzzi SpA, Flexsteel Industries, La Z, American Woodmark, and MasterBrand. Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for remodeling and ne... More
Mohawk Industries Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Mohawk Industries' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Mohawk Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 19.07 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 2.7 |
Mohawk Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mohawk Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mohawk Industries' standard deviation. In reality, there are many statistical measures that can use Mohawk Industries historical prices to predict the future Mohawk Industries' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.08) |
Mohawk Industries Backtested Returns
Mohawk Industries has Sharpe Ratio of -0.0688, which conveys that the firm had a -0.0688% return per unit of risk over the last 3 months. Mohawk Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mohawk Industries' Mean Deviation of 1.37, risk adjusted performance of (0.03), and Standard Deviation of 2.39 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.44, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Mohawk Industries will likely underperform. At this point, Mohawk Industries has a negative expected return of -0.16%. Please make sure to verify Mohawk Industries' kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Mohawk Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Mohawk Industries has very weak predictability. Overlapping area represents the amount of predictability between Mohawk Industries time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mohawk Industries price movement. The serial correlation of 0.17 indicates that over 17.0% of current Mohawk Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 11.64 |
Mohawk Industries lagged returns against current returns
Autocorrelation, which is Mohawk Industries stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Mohawk Industries' stock expected returns. We can calculate the autocorrelation of Mohawk Industries returns to help us make a trade decision. For example, suppose you find that Mohawk Industries has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Mohawk Industries regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Mohawk Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mohawk Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mohawk Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Mohawk Industries Lagged Returns
When evaluating Mohawk Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mohawk Industries stock have on its future price. Mohawk Industries autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Mohawk Industries autocorrelation shows the relationship between Mohawk Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Mohawk Industries.
Regressed Prices |
| Timeline |
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Mohawk Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.