JB Hunt's market value is the price at which a share of JB Hunt trades on a public exchange. It measures the collective expectations of JB Hunt Transport investors about its performance. JB Hunt is trading at 27.92 as of the 5th of January 2025, a No Change since the beginning of the trading day. The stock's open price was 27.92. With this module, you can estimate the performance of a buy and hold strategy of JB Hunt Transport and determine expected loss or profit from investing in JB Hunt over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
J1BH34
JB Hunt '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 JB Hunt's 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 JB Hunt.
0.00
12/06/2024
No Change 0.00
0.0
In 31 days
01/05/2025
0.00
If you would invest 0.00 in JB Hunt on December 6, 2024 and sell it all today you would earn a total of 0.00 from holding JB Hunt Transport or generate 0.0% return on investment in JB Hunt over 30 days.
JB Hunt 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 JB Hunt's 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 JB Hunt Transport upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for JB Hunt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JB Hunt's standard deviation. In reality, there are many statistical measures that can use JB Hunt historical prices to predict the future JB Hunt's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as JB Hunt. Your research has to be compared to or analyzed against JB Hunt's peers to derive any actionable benefits. When done correctly, JB Hunt's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in JB Hunt Transport.
JB Hunt Transport Backtested Returns
At this point, JB Hunt is very steady. JB Hunt Transport retains Efficiency (Sharpe Ratio) of 0.13, which attests that the company had a 0.13% return per unit of price deviation over the last 3 months. We have found fourteen technical indicators for JB Hunt, which you can use to evaluate the volatility of the entity. Please check out JB Hunt's Total Risk Alpha of (0.01), mean deviation of 0.0054, and Standard Deviation of 0.0221 to validate if the risk estimate we provide is consistent with the expected return of 0.003%. JB Hunt has a performance score of 10 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and JB Hunt are completely uncorrelated. JB Hunt Transport today owns a risk of 0.0232%. Please check out JB Hunt Transport variance, skewness, and the relationship between the standard deviation and information ratio , to decide if JB Hunt Transport will be following its current price history.
Auto-correlation
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No correlation between past and present
JB Hunt Transport has no correlation between past and present. Overlapping area represents the amount of predictability between JB Hunt time series from 6th of December 2024 to 21st of December 2024 and 21st of December 2024 to 5th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of JB Hunt Transport price movement. The serial correlation of 0.0 indicates that just 0.0% of current JB Hunt price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
1.0
Residual Average
0.0
Price Variance
0.0
JB Hunt Transport lagged returns against current returns
Autocorrelation, which is JB Hunt 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 JB Hunt's stock expected returns. We can calculate the autocorrelation of JB Hunt returns to help us make a trade decision. For example, suppose you find that JB Hunt 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
JB Hunt 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 JB Hunt stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JB Hunt stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JB Hunt stock over time.
Current vs Lagged Prices
Timeline
JB Hunt Lagged Returns
When evaluating JB Hunt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JB Hunt stock have on its future price. JB Hunt 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, JB Hunt autocorrelation shows the relationship between JB Hunt stock current value and its past values and can show if there is a momentum factor associated with investing in JB Hunt Transport.
Regressed Prices
Timeline
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.