Jb Hunt Transport Stock Momentum Indicators Aroon
| JBHT Stock | USD 181.57 0.01 0.01% |
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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Aroon Indicator was developed by Tushar S. Chande to indicate when a new trend is dawning. The indicator consists of two lines that measure how long it has been since the highest high/lowest low has occurred within an (N) period range. When JB Hunt Transport Aroon Up is staying between 70 and 100 then it indicates an upward trend. When the Aroon Down is staying between 70 and 100 then it indicates an downward trend. A strong upward trend is indicated when the Aroon Up is above 70 while the Aroon Down is below 30. When JB Hunt Aroon Down crosses above the Aroon Up, it indicates a weakening of the upward trend (and vice versa).
JB Hunt Technical Analysis Modules
Most technical analysis of JB Hunt help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for JBHT from various momentum indicators to cycle indicators. When you analyze JBHT charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About JB Hunt Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of JB Hunt Transport. We use our internally-developed statistical techniques to arrive at the intrinsic value of JB Hunt Transport based on widely used predictive technical indicators. In general, we focus on analyzing JBHT Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build JB Hunt's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of JB Hunt's intrinsic value. In addition to deriving basic predictive indicators for JB Hunt, we also check how macroeconomic factors affect JB Hunt price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.005778 | 0.009182 | 0.008417 | 0.0114 | Price To Sales Ratio | 1.77 | 1.23 | 1.61 | 0.9 |
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JB Hunt Transport pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if JB Hunt position performs unexpectedly, the other equity 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 appreciate offsetting losses from the drop in the long position's value.JB Hunt Pair Trading
JB Hunt Transport Pair Trading Analysis
The ability to find closely correlated positions to JB Hunt could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JB Hunt when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back JB Hunt - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling JB Hunt Transport to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JB Hunt moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JB Hunt Transport moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for JB Hunt can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for JBHT Stock Analysis
When running JB Hunt's price analysis, check to measure JB Hunt's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy JB Hunt is operating at the current time. Most of JB Hunt's value examination focuses on studying past and present price action to predict the probability of JB Hunt's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JB Hunt's price. Additionally, you may evaluate how the addition of JB Hunt to your portfolios can decrease your overall portfolio volatility.