Mohawk Industries, Inc. (MHK) — Stock Correlations & Overview
Over the past year, MHK has moved most closely with XHB, ITB, NAIL. Explore the stocks most correlated and inversely correlated with MHK below, along with its price, financials, and company profile.
Stocks correlated with MHK
Correlation of daily returns. Higher positive values move with MHK; negative values move opposite it. Informational only, not investment advice.
Most correlated with MHK
| Symbol | Company | Correlation |
|---|---|---|
| XHB | State Street SPDR S&P Homebuilders ETF | 0.83 |
| ITB | iShares U.S. Home Construction ETF | 0.82 |
| NAIL | Direxion Daily Homebuilders & Supplies Bull 3X ETF | 0.82 |
| HOMZ | Hoya Capital Housing ETF | 0.79 |
| BLDR | Builders FirstSource, Inc.RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS | 0.76 |
Frequently asked questions about MHK correlations
- Which stocks are most correlated with MHK?
- Based on one year of daily returns, the stocks most correlated with Mohawk Industries, Inc. (MHK) are XHB (0.83), ITB (0.82) and NAIL (0.82). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with MHK?
- Over the past year, the stocks most inversely correlated with Mohawk Industries, Inc. (MHK) are JETD (-0.66), SMDD (-0.65) and SBB (-0.65). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these MHK correlations calculated?
- We compute the correlation of daily returns between MHK and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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