JB Hunt Transport Services Inc (JBHT) Correlation Distribution
Across 6,809 rolling correlation observations between JB Hunt Transport Services Inc (JBHT) and other NASDAQ-listed stocks, 57.1% are positive and 42.9% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.06, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.5% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.06
- Most common range
- 0.1 to 0.2
- Positive pairs
- 57.1%
- Strong positive (≥0.7)
- 1.5%
- Sector
- Trucking (No Local)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 16 | 0.2% | |
| -0.8 to -0.7 | 16 | 0.2% | |
| -0.7 to -0.6 | 162 | 2.4% | |
| -0.6 to -0.5 | 162 | 2.4% | |
| -0.5 to -0.4 | 364 | 5.3% | |
| -0.4 to -0.3 | 363 | 5.3% | |
| -0.3 to -0.2 | 592 | 8.7% | |
| -0.2 to -0.1 | 591 | 8.7% | |
| -0.1 to 0.0 | 658 | 9.7% | |
| 0.0 to 0.1 | 657 | 9.6% | |
| 0.1 to 0.2 | 724 | 10.6% | |
| 0.2 to 0.3 | 724 | 10.6% | |
| 0.3 to 0.4 | 558 | 8.2% | |
| 0.4 to 0.5 | 557 | 8.2% | |
| 0.5 to 0.6 | 281 | 4.1% | |
| 0.6 to 0.7 | 281 | 4.1% | |
| 0.7 to 0.8 | 52 | 0.8% | |
| 0.8 to 0.9 | 51 | 0.7% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of JBHT?
JB Hunt Transport Services Inc (JBHT) has an average correlation of about 0.06 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is JBHT positively correlated with other stocks?
Mostly yes — 57.1% of pairs are positive and 42.9% are negative. Strong positive correlations (≥0.7) make up 1.5%.
What is the most common correlation range for JBHT?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 58% of all pairs.
Explore the full interactive correlation distribution for JBHT.
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