JB Hunt Correlations

JB Hunt Correlation With Market

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JB Hunt Transport. 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.

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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    LSTR + 0.92 HUBG HUBG + 0.89 FWRD LSTR + 0.81 CHRW LSTR + 0.78 FWRD CHRW + 0.69 HUBG CHRW + 0.48 FWRD

High negative correlations    EXPD - 0.67 FWRD EXPD - 0.46 HUBG LSTR - 0.41 EXPD EXPD - 0.1 CHRW

Risk-Adjusted Indicators

There is a big difference between JBHT Stock performing well and JB Hunt 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 JB Hunt's 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.