JB Hunt Correlations

JBHT Stock

USD 220.61 8.90 4.20%

The current 90-days correlation between JB Hunt Transport and XPO Logistics is 0.57 (i.e., Very weak 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

Almost no diversification

The correlation between JB Hunt Transport and DJI is 0.91 (i.e., Almost no 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

0.98	LSTR	Landstar System	Pair Corr
0.98	SNDR	Schneider National	Pair Corr
0.68	PHJMF	PT Hanjaya Mandala	Pair Corr
0.77	THO	Thor Industries	Pair Corr
0.7	SECVY	Seche Environnement	Pair Corr
0.67	APETF	Alpha Esports Tech	Pair Corr
0.94	BNKHF	BOC Hong Kong	Pair Corr
0.77	AROC	Archrock Symbol Change	Pair Corr
0.71	JUPGF	Jupiter Gold Upward Rally	Pair Corr
0.76	YLLXF	Yellow Cake plc Upward Rally	Pair Corr
0.98	FIBK	First Interstate Ban	Pair Corr
0.74	PGEZF	Group Ten Metals	Pair Corr
0.73	OMC	Omnicom Group Earnings Call This Week	Pair Corr
0.63	FCAP	First Capital Normal Trading	Pair Corr
0.87	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.64	RCKY	Rocky Brands	Pair Corr

Moving against JBHT Stock

0.81	YGMZ	Mingzhu Logistics	Pair Corr
0.69	PTAIF	PT Astra International	Pair Corr
0.64	PIFMY	Indofood Sukses Makmur	Pair Corr
0.82	BROGF	BROGF	Pair Corr

Related Correlations Analysis

	XPO	EXPD	CHRW	ZTO	MTZ	WWD	TRU	LUV	ACM	CRS
XPO		0.7	0.8	0.74	0.75	0.78	-0.11	0.77	-0.52	0.27	XPO
EXPD	0.7		0.82	0.92	0.76	0.88	0.27	0.89	-0.84	0.38	EXPD
CHRW	0.8	0.82		0.8	0.82	0.84	-0.09	0.86	-0.63	0.37	CHRW
ZTO	0.74	0.92	0.8		0.87	0.95	0.31	0.92	-0.88	0.35	ZTO
MTZ	0.75	0.76	0.82	0.87		0.9	0.09	0.84	-0.71	0.45	MTZ
WWD	0.78	0.88	0.84	0.95	0.9		0.18	0.9	-0.78	0.5	WWD
TRU	-0.11	0.27	-0.09	0.31	0.09	0.18		0.15	-0.42	0.14	TRU
LUV	0.77	0.89	0.86	0.92	0.84	0.9	0.15		-0.81	0.36	LUV
ACM	-0.52	-0.84	-0.63	-0.88	-0.71	-0.78	-0.42	-0.81		-0.17	ACM
CRS	0.27	0.38	0.37	0.35	0.45	0.5	0.14	0.36	-0.17		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
ZTO	+ 0.92	EXPD
LUV	+ 0.92	ZTO
WWD	+ 0.9	MTZ
LUV	+ 0.9	WWD
LUV	+ 0.89	EXPD

High negative correlations

ACM	- 0.88	ZTO
ACM	- 0.84	EXPD
ACM	- 0.81	LUV
ACM	- 0.78	WWD
ACM	- 0.71	MTZ
ACM	- 0.63	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	2.22	0.41	0.20	0.25	2.03	(2.71)	5.48	(3.88)	14.63
EXPD	1.22	0.47	0.45	0.59	0.57	(1.63)	2.46	(1.63)	13.29
CHRW	1.43	0.66	0.60	0.94	0.41	(1.93)	3.08	(1.70)	22.91
ZTO	1.07	0.22	0.17	0.32	0.95	(1.19)	2.73	(1.81)	7.33
MTZ	1.70	0.14	0.06	0.15	2.47	(1.65)	3.82	(4.58)	13.07
WWD	1.75	0.46	0.33	0.34	1.14	(2.30)	3.61	(2.14)	16.03
TRU	1.75	(0.30)	0.00	(0.17)	0.00	0.00	3.72	(3.52)	9.21
LUV	1.92	0.75	0.50	0.54	0.83	(2.32)	5.29	(2.39)	20.72
ACM	1.27	(0.53)	0.00	(0.51)	0.00	0.00	1.46	(2.59)	12.17
CRS	1.96	0.05	0.02	0.10	2.40	(2.13)	5.30	(4.98)	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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