Aggregated price index with volume information
Summary:
- Home Furnishings stocks up 3.6% on average while median return up 2.7% in a day
- Home Furnishings stocks up 4.8% on average while median return up 4.2% in a week
- Home Furnishings stocks up 11.8% on average while median return up 10.8% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
- 1M winners are : Winners for past month are $MHK 50.5%, $FLXS 25.6%, $LEG 22.7%, $LZB 18.5%, $TPX 13.2%
- 1M losers are : Losers for past month are $BSET -5.8%, $NVFY -7.4%, $NTZ -8.6%
- 1W winners are : Winners for past week are $MHK 24.5%, $LCUT 9.9%, $SNBR 6.4%, $FLXS 5.7%, $LZB 4.6%
- 1W losers are : Losers for past week are $NVFY -1.8%, $BSET -2.7%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 23.5%, for the past 3 months is 17.4%
In the past month for a 5 days rolling window, the highest corrrelation is 35.6%, the lowest correlation is -2.3%, the latest correlation is 27.7%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 86.9% between LZB and TPX
The lowest correlation is -58.2% between CRWS and KBAL
Sector Update: Consumer Stocks Higher in Late Afternoon Trading
Mohawk's (MHK) second-quarter 2024 results reflect soft consumer demand due to ongoing inflation and market volatility. Yet, strategic restructuring plans and cost-effective initiatives bode well for the bottom line.
Shares of flooring manufacturer Mohawk Industries (NYSE:MHK) jumped 19% in the afternoon session after the company reported second quarter earnings results. Both adjusted EBITDA and EPS beat in the quarter, showing that profitability is strong. Mohawk Industries provided an optimistic earnings forecast for the next quarter, which exceeded analysts' expectations. Despite a challenging market environment driven by higher interest rates and consumers' deferral of home remodeling and improvement pro
U.S. stocks gained in the wake of more earnings and the Federal Reserve’s preferred inflation gauge meeting economists’ expectations.
**↘️** **DexCom (DXCM)**: Shares of the diabetes-device maker plunged more than 40% after it cut its fiscal-2024 revenue outlook. The chief executive said a shortage of new patients was part of the problem.
La-Z-Boy, Virco and Sleep Number are part of the Zacks Industry Outlook article.
The headline numbers for Mohawk Industries (MHK) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Mohawk Industries (MHK) delivered earnings and revenue surprises of 8.70% and 1.47%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
Flooring manufacturer Mohawk Industries (NYSE:MHK) fell short of analysts' expectations in Q2 CY2024, with revenue down 5.1% year on year to $2.80 billion. It made a non-GAAP profit of $3 per share, improving from its profit of $2.76 per share in the same quarter last year.
CALHOUN, Ga. AP) — Mohawk Industries Inc. MHK) on Thursday reported second-quarter net income of $157.4 million.