JB Hunt Correlations

JBHT Stock

USD 233.41 5.19 2.27%

The current 90-days correlation between JB Hunt Transport and XPO Logistics is 0.63 (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

Very poor diversification

The correlation between JB Hunt Transport and DJI is 0.89 (i.e., Very 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

0.93	R	Ryder System	Pair Corr
0.9	WERN	Werner Enterprises	Pair Corr
0.97	KNX	Knight Transportation	Pair Corr
0.76	NMM	Navios Maritime Partners	Pair Corr
0.79	ZIG	ZIGUP plc	Pair Corr
0.73	RXO	RXO Inc	Pair Corr
0.95	HTLD	Heartland Express	Pair Corr
0.81	LSTR	Landstar System	Pair Corr
0.97	MRTN	Marten Transport	Pair Corr
0.98	ODFL	Old Dominion Freight	Pair Corr
0.62	PAMT	PAMT P	Pair Corr
0.97	SAIA	Saia Inc	Pair Corr
0.96	ARCB	ArcBest Corp	Pair Corr
0.81	SNDR	Schneider National	Pair Corr
0.97	TFII	TFI International	Pair Corr
0.97	CVLG	Covenant Logistics	Pair Corr
0.82	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.69	THLEF	Thales SA Earnings Call This Week	Pair Corr
0.79	CIG-C	Energy of Minas	Pair Corr

Moving against JBHT Stock

0.75	YGMZ	Mingzhu Logistics	Pair Corr
0.7	RVSNW	Rail Vision	Pair Corr
0.63	HTZWW	Hertz Global Hldgs	Pair Corr
0.35	CRGOW	Freightos Limited	Pair Corr
0.84	PBCRY	Bank Central Asia	Pair Corr
0.76	BTOC	Armlogi Holding Corp	Pair Corr
0.76	TOPP	Toppoint Holdings	Pair Corr
0.49	PTAIF	PT Astra International	Pair Corr

Related Correlations Analysis

	XPO	EXPD	CHRW	ZTO	MTZ	WWD	TRU	LUV	ACM	CRS
XPO		0.0	0.68	0.92	0.9	0.94	-0.82	0.88	-0.31	0.89	XPO
EXPD	0.0		0.62	0.05	0.05	0.19	-0.07	0.31	0.06	-0.11	EXPD
CHRW	0.68	0.62		0.66	0.69	0.78	-0.69	0.84	-0.24	0.55	CHRW
ZTO	0.92	0.05	0.66		0.94	0.95	-0.72	0.88	-0.5	0.9	ZTO
MTZ	0.9	0.05	0.69	0.94		0.92	-0.71	0.83	-0.45	0.91	MTZ
WWD	0.94	0.19	0.78	0.95	0.92		-0.79	0.92	-0.41	0.9	WWD
TRU	-0.82	-0.07	-0.69	-0.72	-0.71	-0.79		-0.78	0.32	-0.63	TRU
LUV	0.88	0.31	0.84	0.88	0.83	0.92	-0.78		-0.51	0.76	LUV
ACM	-0.31	0.06	-0.24	-0.5	-0.45	-0.41	0.32	-0.51		-0.42	ACM
CRS	0.89	-0.11	0.55	0.9	0.91	0.9	-0.63	0.76	-0.42		CRS
	XPO	EXPD	CHRW	ZTO	MTZ	WWD	TRU	LUV	ACM	CRS

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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

WWD	+ 0.95	ZTO
WWD	+ 0.94	XPO
MTZ	+ 0.94	ZTO
ZTO	+ 0.92	XPO
WWD	+ 0.92	MTZ
LUV	+ 0.92	WWD

High negative correlations

TRU	- 0.82	XPO
TRU	- 0.79	WWD
LUV	- 0.78	TRU
TRU	- 0.72	ZTO
TRU	- 0.71	MTZ
TRU	- 0.69	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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
XPO	2.24	0.56	0.25	0.33	2.19	(2.59)	5.39	(4.14)	16.05
EXPD	1.36	(0.07)	(0.01)	0.03	2.96	(1.30)	2.31	(2.26)	15.64
CHRW	1.53	0.21	0.08	0.22	2.80	(1.73)	4.64	(1.85)	19.66
ZTO	1.18	0.33	0.21	0.70	1.02	(1.34)	2.83	(1.94)	7.33
MTZ	1.81	0.60	0.24	0.67	1.90	(2.05)	4.38	(4.09)	13.07
WWD	1.71	0.50	0.40	0.45	0.90	(2.28)	3.61	(2.14)	16.03
TRU	2.01	(0.20)	0.00	(0.04)	0.00	0.00	4.34	(4.59)	16.81
LUV	1.92	0.55	0.29	0.46	1.41	(2.22)	4.46	(2.83)	23.66
ACM	1.47	(0.18)	0.00	(0.04)	0.00	0.00	2.87	(2.59)	15.25
CRS	1.93	0.35	0.15	0.58	1.91	(2.27)	5.30	(2.68)	13.86

JB Hunt Corporate Management

Stacey Griffin	Senior Pricing	Profile
Greer Woodruff	Sustainability Safety	Profile
David Keefauver	Executive People	Profile
Brian Webb	Executive Services	Profile

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