Mohawk Industries (Germany) Market Value
| MWK Stock | EUR 130.00 1.00 0.76% |
| Symbol | Mohawk |
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.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in Mohawk Industries on January 7, 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 330 days. Mohawk Industries is related to or competes with CVS Health, Addus HomeCare, MINCO SILVER, MCEWEN MINING, and DFS Furniture. 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 | (0.08) | |||
| Maximum Drawdown | 14.93 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 4.14 |
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 | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.24) |
Mohawk Industries Backtested Returns
Mohawk Industries has Sharpe Ratio of -0.0273, which conveys that the firm had a -0.0273% return per unit of risk over the last 3 months. Mohawk Industries exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mohawk Industries' Risk Adjusted Performance of (0.01), mean deviation of 1.71, and Standard Deviation of 2.57 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mohawk Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Mohawk Industries is expected to be smaller as well. At this point, Mohawk Industries has a negative expected return of -0.0701%. Please make sure to verify Mohawk Industries' jensen alpha, potential upside, rate of daily change, as well as the relationship between the treynor ratio and kurtosis , to decide if Mohawk Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Mohawk Industries has good predictability. Overlapping area represents the amount of predictability between Mohawk Industries time series from 7th of January 2024 to 20th of June 2024 and 20th of June 2024 to 2nd of December 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 0.75 indicates that around 75.0% of current Mohawk Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 191.34 |
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 |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Mohawk Stock
When determining whether Mohawk Industries is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Mohawk Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Mohawk Industries Stock. Highlighted below are key reports to facilitate an investment decision about Mohawk Industries Stock:Check out Mohawk Industries Correlation, Mohawk Industries Volatility and Mohawk Industries Alpha and Beta module to complement your research on Mohawk Industries. For more detail on how to invest in Mohawk Stock please use our How to Invest in Mohawk Industries guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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.