JB Hunt Correlations

Stocks . USA . 
Stock . JB Hunt Transport
JBHT Stock  USD 152.69  1.25  0.83%   
The current 90-days correlation between JB Hunt Transport and CH Robinson Worldwide is -0.17 (i.e., Good 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

Good diversification

The correlation between JB Hunt Transport and DJI is -0.09 (i.e., Good 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

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Moving against JBHT Stock

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Related Correlations Analysis

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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.

JB Hunt Corporate Management

John KuhlowChief Accounting Officer, Sr. VP of Fin. and ControllerProfile
Stacey GriffinSenior PricingProfile
Greer WoodruffSustainability SafetyProfile
David KeefauverExecutive PeopleProfile
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