Correlation Between JB Hunt and Fuse Science

Can any of the company-specific risk be diversified away by investing in both JB Hunt and Fuse Science at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining JB Hunt and Fuse Science into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between JB Hunt Transport and Fuse Science, you can compare the effects of market volatilities on JB Hunt and Fuse Science and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in JB Hunt with a short position of Fuse Science. Check out your portfolio center. Please also check ongoing floating volatility patterns of JB Hunt and Fuse Science.

Diversification Opportunities for JB Hunt and Fuse Science

-0.6

Correlation Coefficient

JB Hunt  Fuse Science

Excellent diversification

The 3 months correlation between JBHT and Fuse is -0.6. Overlapping area represents the amount of risk that can be diversified away by holding JB Hunt Transport and Fuse Science in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Fuse Science and JB Hunt is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on JB Hunt Transport are associated (or correlated) with Fuse Science. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Fuse Science has no effect on the direction of JB Hunt i.e., JB Hunt and Fuse Science go up and down completely randomly.

Pair Corralation between JB Hunt and Fuse Science

Given the investment horizon of 90 days JB Hunt Transport is expected to generate 0.21 times more return on investment than Fuse Science. However, JB Hunt Transport is 4.67 times less risky than Fuse Science. It trades about 0.56 of its potential returns per unit of risk. Fuse Science is currently generating about -0.01 per unit of risk. If you would invest  16,665  in JB Hunt Transport on September 24, 2025 and sell it today you would earn a total of  3,172  from holding JB Hunt Transport or generate 19.03% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Weak
Accuracy	95.24%
Values	Daily Returns

JB Hunt Transport  vs.  Fuse Science

JB Hunt Transport

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in JB Hunt Transport are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unfluctuating technical indicators, JB Hunt unveiled solid returns over the last few months and may actually be approaching a breakup point.

Fuse Science

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Fuse Science are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Even with relatively fragile basic indicators, Fuse Science may actually be approaching a critical reversion point that can send shares even higher in January 2026.

Pair Trading with JB Hunt and Fuse Science

The main advantage of trading using opposite JB Hunt and Fuse Science positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if JB Hunt position performs unexpectedly, Fuse Science can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fuse Science will offset losses from the drop in Fuse Science's long position.

The idea behind JB Hunt Transport and Fuse Science pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.