JBHT Cash vs Cash And Short Term Investments Analysis
JBHT Stock | USD 158.51 2.15 1.34% |
JB Hunt financial indicator trend analysis is infinitely more than just investigating JB Hunt Transport recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JB Hunt Transport is a good investment. Please check the relationship between JB Hunt Cash and its Cash And Short Term Investments accounts. 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 tightly coupled with the direction of predictive economic indicators such as signals in rate.
Cash vs Cash And Short Term Investments
Cash vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of JB Hunt Transport Cash account and Cash And Short Term Investments. At this time, the significance of the direction appears to have totally related.
The correlation between JB Hunt's Cash and Cash And Short Term Investments is 1.0. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of JB Hunt Transport, assuming nothing else is changed. The correlation between historical values of JB Hunt's Cash and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of JB Hunt Transport are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Cash i.e., JB Hunt's Cash and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of JB Hunt Transport, which is listed under current asset account on JB Hunt Transport balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from JB Hunt customers. The amounts must be unrestricted with restricted cash listed in a different JB Hunt account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of JB Hunt Transport balance sheet. This account contains JB Hunt investments that will expire within one year. These investments include stocks and bonds that can be liquidated by JB Hunt Transport fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from JB Hunt's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JB Hunt Transport current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 tightly coupled with the direction of predictive economic indicators such as signals in rate. At this time, JB Hunt's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 13.45 in 2024, whereas Tax Provision is likely to drop slightly above 208.4 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.9B | 2.5B | 1.4B | 1.2B | Total Revenue | 12.2B | 14.8B | 12.8B | 13.5B |
JB Hunt fundamental ratios Correlations
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JB Hunt Account Relationship Matchups
High Positive Relationship
High Negative Relationship
JB Hunt fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.5B | 5.9B | 6.8B | 7.7B | 8.8B | 9.2B | |
Short Long Term Debt Total | 1.3B | 1.3B | 1.3B | 1.3B | 1.9B | 2.0B | |
Other Current Liab | 433.2M | 538.7M | 600.9M | 769.5M | 692.2M | 726.8M | |
Total Current Liabilities | 1.0B | 1.1B | 1.7B | 1.6B | 1.8B | 1.9B | |
Total Stockholder Equity | 2.3B | 2.6B | 3.1B | 3.7B | 4.1B | 4.3B | |
Property Plant And Equipment Net | 3.6B | 3.7B | 4.1B | 5.0B | 6.1B | 6.4B | |
Net Debt | 1.3B | 992.1M | 945.7M | 1.2B | 1.9B | 2.0B | |
Retained Earnings | 4.6B | 5.0B | 5.6B | 6.4B | 7.0B | 7.3B | |
Cash | 35M | 313.3M | 355.5M | 51.9M | 53.3M | 33.6M | |
Non Current Assets Total | 4.0B | 4.1B | 4.5B | 5.6B | 6.7B | 7.1B | |
Non Currrent Assets Other | 165.9M | 185.2M | 36.6M | 115.1M | 29.7M | 31.2M | |
Cash And Short Term Investments | 35M | 313.3M | 355.5M | 51.9M | 53.3M | 33.6M | |
Net Receivables | 1.0B | 1.1B | 1.5B | 1.5B | 1.7B | 1.8B | |
Common Stock Shares Outstanding | 108.3M | 106.8M | 106.6M | 105.3M | 104.5M | 107.5M | |
Liabilities And Stockholders Equity | 5.5B | 5.9B | 6.8B | 7.7B | 8.8B | 9.2B | |
Non Current Liabilities Total | 2.2B | 2.2B | 1.9B | 2.5B | 2.9B | 3.1B | |
Inventory | 21.1M | 23.8M | 25.0M | 40.6M | 42.2M | 44.3M | |
Other Current Assets | 434.5M | 423.3M | 444.9M | 587.5M | 299.5M | 314.5M | |
Other Stockholder Equity | (2.3B) | (2.4B) | (2.5B) | (2.8B) | (2.9B) | (2.7B) | |
Total Liab | 3.2B | 3.3B | 3.7B | 4.1B | 4.7B | 4.9B | |
Total Current Assets | 1.5B | 1.9B | 2.3B | 2.2B | 2.1B | 2.2B | |
Short Term Debt | 44.4M | 48.3M | 356.0M | 86M | 349.9M | 224.3M | |
Accounts Payable | 602.6M | 587.5M | 769.5M | 798.8M | 737.4M | 774.2M | |
Property Plant And Equipment Gross | 3.6B | 3.7B | 4.1B | 5.2B | 8.8B | 9.2B | |
Other Liab | 792.2M | 915.5M | 1.0B | 1.1B | 1.2B | 1.3B | |
Other Assets | 6K | 397.3M | (28K) | 41K | 1.0 | 0.95 | |
Long Term Debt | 1.3B | 1.3B | 945.3M | 1.3B | 1.3B | 796.4M | |
Treasury Stock | (2.7B) | (2.8B) | (3.0B) | (3.3B) | (2.9B) | (2.8B) | |
Property Plant Equipment | 3.6B | 3.7B | 4.1B | 5.2B | 6.0B | 6.3B | |
Net Tangible Assets | 2.1B | 2.4B | 3.1B | 3.4B | 3.9B | 4.1B | |
Good Will | 96.3M | 105.4M | 100.5M | 120.4M | 134.1M | 140.8M | |
Retained Earnings Total Equity | 4.6B | 5.0B | 5.6B | 6.4B | 7.4B | 7.8B | |
Long Term Debt Total | 898.4M | 1.3B | 1.3B | 1.3B | 1.5B | 1.0B | |
Capital Surpluse | 374.0M | 408.2M | 448.2M | 499.9M | 574.9M | 345.7M | |
Non Current Liabilities Other | 173.2M | 204.6M | 256.2M | 369.3M | 392.8M | 412.4M |
Pair Trading with JB Hunt
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.Moving together with JBHT Stock
Moving against JBHT Stock
0.65 | ZTO | ZTO Express | PairCorr |
0.52 | SFWL | Shengfeng Development | PairCorr |
0.41 | SGLY | Singularity Future | PairCorr |
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.