Correlation Between TransUnion and JB Hunt

Can any of the company-specific risk be diversified away by investing in both TransUnion and JB Hunt 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 TransUnion and JB Hunt into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between TransUnion and JB Hunt Transport, you can compare the effects of market volatilities on TransUnion and JB Hunt 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 TransUnion with a short position of JB Hunt. Check out your portfolio center. Please also check ongoing floating volatility patterns of TransUnion and JB Hunt.

Diversification Opportunities for TransUnion and JB Hunt

-0.41

Correlation Coefficient

TransUnion  JB Hunt

Very good diversification

The 3 months correlation between TransUnion and JBHT is -0.41. Overlapping area represents the amount of risk that can be diversified away by holding TransUnion and JB Hunt Transport in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on JB Hunt Transport and TransUnion 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 TransUnion are associated (or correlated) with JB Hunt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of JB Hunt Transport has no effect on the direction of TransUnion i.e., TransUnion and JB Hunt go up and down completely randomly.

Pair Corralation between TransUnion and JB Hunt

Considering the 90-day investment horizon TransUnion is expected to under-perform the JB Hunt. But the stock apears to be less risky and, when comparing its historical volatility, TransUnion is 1.38 times less risky than JB Hunt. The stock trades about -0.04 of its potential returns per unit of risk. The JB Hunt Transport is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest  14,215  in JB Hunt Transport on August 18, 2025 and sell it today you would earn a total of  2,066  from holding JB Hunt Transport or generate 14.53% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Very Weak
Accuracy	100.0%
Values	Daily Returns

TransUnion  vs.  JB Hunt Transport

TransUnion

Risk-Adjusted Performance

Weakest

Over the last 90 days TransUnion has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, TransUnion is not utilizing all of its potentials. The newest stock price uproar, may contribute to short-horizon losses for the private investors.

JB Hunt Transport

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in JB Hunt Transport are ranked lower than 6 (%) 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.

Pair Trading with TransUnion and JB Hunt

The main advantage of trading using opposite TransUnion and JB Hunt positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if TransUnion position performs unexpectedly, JB Hunt 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 JB Hunt will offset losses from the drop in JB Hunt's long position.

The idea behind TransUnion and JB Hunt Transport 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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.