JB Hunt Correlations

JBHT Stock

USD 149.31 0.42 0.28%

The current 90-days correlation between JB Hunt Transport and CH Robinson Worldwide is 0.79 (i.e., Poor diversification). The correlation of JB Hunt is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

JB Hunt Correlation With Market

Poor diversification

The correlation between JB Hunt Transport and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JB Hunt Transport and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with JBHT Stock

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.

Moving together with JBHT Stock

0.87	EXPD	Expeditors International	Pair Corr
0.95	FDX	FedEx	Pair Corr
0.64	FLX	BingEx	Pair Corr
0.88	GXO	GXO Logistics	Pair Corr
0.84	FWRD	Forward Air Earnings Call This Week	Pair Corr
0.8	PBI	Pitney Bowes Earnings Call This Week	Pair Corr
0.83	UPS	United Parcel Service Earnings Call This Week	Pair Corr
0.89	HUBG	Hub Group Earnings Call This Week	Pair Corr
0.7	LSTR	Landstar System Earnings Call This Week	Pair Corr
0.78	BTOC	Armlogi Holding Corp	Pair Corr
0.89	CHRW	CH Robinson Worldwide Earnings Call This Week	Pair Corr
0.87	CYRX	Cryoport	Pair Corr
0.86	J	Jacobs Solutions	Pair Corr
0.96	R	Ryder System Earnings Call This Week	Pair Corr
0.81	AL	Air Lease	Pair Corr
0.62	AP	Ampco Pittsburgh	Pair Corr
0.81	AZ	A2Z Smart Technologies	Pair Corr
0.87	BA	Boeing Earnings Call This Week	Pair Corr
0.78	BE	Bloom Energy Corp Earnings Call This Week	Pair Corr
0.67	BV	BrightView Holdings	Pair Corr
0.75	BW	Babcock Wilcox Enter	Pair Corr
0.69	CP	Canadian Pacific Railway Earnings Call This Week	Pair Corr

Moving against JBHT Stock

0.82	NCEW	New Century Logistics	Pair Corr
0.73	LSH	Lakeside Holding	Pair Corr
0.65	HXHX	Haoxin Holdings	Pair Corr
0.45	PAL	Proficient Auto Logi	Pair Corr
0.37	ATXG	Addentax Group Corp	Pair Corr
0.35	G	Genpact Limited	Pair Corr
0.32	GP	GreenPower Motor	Pair Corr

Related Correlations Analysis

	FWRD	HUBG	CHRW	EXPD	LSTR
FWRD		0.63	0.7	0.69	0.4	FWRD
HUBG	0.63		0.9	0.85	0.83	HUBG
CHRW	0.7	0.9		0.85	0.72	CHRW
EXPD	0.69	0.85	0.85		0.81	EXPD
LSTR	0.4	0.83	0.72	0.81		LSTR
	FWRD	HUBG	CHRW	EXPD	LSTR

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FWRD	3.23	0.54	0.28	0.42	2.53	(3.75)	9.53	(4.17)	25.09
HUBG	1.71	(0.19)	0.01	0.13	1.82	(1.82)	4.00	(2.68)	12.32
CHRW	1.17	(0.05)	0.00	0.19	1.05	(1.37)	2.46	(1.77)	10.74
EXPD	1.25	(0.16)	(0.04)	0.12	1.35	(1.48)	2.90	(2.16)	9.33
LSTR	1.29	(0.25)	(0.11)	0.05	1.48	(1.40)	2.88	(2.69)	8.87

JB Hunt Corporate Management

John Kuhlow	Chief Accounting Officer, Sr. VP of Fin. and Controller	Profile
Stacey Griffin	Senior Pricing	Profile
Greer Woodruff	Sustainability Safety	Profile
David Keefauver	Executive People	Profile

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