JB Hunt Correlations

JBHT Stock

USD 165.11 1.63 0.98%

The current 90-days correlation between JB Hunt Transport and CH Robinson Worldwide is 0.05 (i.e., Significant 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

Modest diversification

The correlation between JB Hunt Transport and DJI is 0.2 (i.e., Modest 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 census.

Moving together with JBHT Stock

0.87	KNX	Knight Transportation	Pair Corr
0.68	MIGI	Mawson Infrastructure Buyout Trend	Pair Corr
0.67	AXIN	Axiom Intelligence	Pair Corr

Moving against JBHT Stock

0.46	YGMZ	Mingzhu Logistics	Pair Corr
0.34	BRST	Broad Street Realty	Pair Corr

Related Correlations Analysis

	CHRW	ZTO	XPO	EXPD	ITT	LECO	GGG	NDSN	LTM	RYAAY
CHRW		-0.59	0.14	0.74	0.9	0.35	0.07	0.6	0.47	-0.5	CHRW
ZTO	-0.59		-0.3	-0.33	-0.44	-0.22	-0.14	-0.48	-0.72	0.41	ZTO
XPO	0.14	-0.3		0.24	0.22	-0.23	0.28	0.52	0.2	-0.13	XPO
EXPD	0.74	-0.33	0.24		0.7	0.34	0.57	0.31	0.56	-0.29	EXPD
ITT	0.9	-0.44	0.22	0.7		0.16	0.05	0.68	0.3	-0.66	ITT
LECO	0.35	-0.22	-0.23	0.34	0.16		0.33	0.01	0.5	0.28	LECO
GGG	0.07	-0.14	0.28	0.57	0.05	0.33		-0.22	0.55	0.16	GGG
NDSN	0.6	-0.48	0.52	0.31	0.68	0.01	-0.22		0.12	-0.38	NDSN
LTM	0.47	-0.72	0.2	0.56	0.3	0.5	0.55	0.12		-0.18	LTM
RYAAY	-0.5	0.41	-0.13	-0.29	-0.66	0.28	0.16	-0.38	-0.18		RYAAY
	CHRW	ZTO	XPO	EXPD	ITT	LECO	GGG	NDSN	LTM	RYAAY

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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

ITT	+ 0.9	CHRW
EXPD	+ 0.74	CHRW
ITT	+ 0.7	EXPD
NDSN	+ 0.68	ITT
NDSN	+ 0.6	CHRW
GGG	+ 0.57	EXPD

High negative correlations

LTM	- 0.72	ZTO
RYAAY	- 0.66	ITT
ZTO	- 0.59	CHRW
RYAAY	- 0.5	CHRW
NDSN	- 0.48	ZTO
ITT	- 0.44	ZTO

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
CHRW	1.24	0.31	0.18	0.99	1.08	(1.34)	2.17	(2.14)	21.92
ZTO	1.18	(0.08)	0.00	(0.20)	0.00	0.00	2.19	(2.29)	6.70
XPO	1.96	(0.26)	0.00	(0.04)	0.00	0.00	3.90	(4.19)	13.43
EXPD	1.01	(0.06)	(0.04)	0.01	1.38	(1.03)	2.08	(2.66)	8.12
ITT	1.13	0.08	0.07	0.15	1.20	(1.26)	2.54	(1.94)	10.18
LECO	1.17	0.06	0.04	0.15	1.15	(1.38)	2.34	(1.77)	12.07
GGG	0.85	(0.13)	0.00	(0.04)	0.00	0.00	1.99	(1.96)	5.81
NDSN	1.05	0.02	0.03	0.09	1.13	(1.11)	2.47	(2.02)	5.69
LTM	1.48	0.03	0.02	0.10	1.91	(1.48)	3.58	(3.10)	10.46
RYAAY	1.24	(0.05)	(0.04)	0.00	1.69	(1.22)	2.65	(2.79)	7.83

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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