Jb Hunt Transport Stock Market Value
| JBHT Stock | USD 162.01 1.73 1.06% |
| Symbol | JBHT |
JB Hunt Transport Price To Book Ratio
Is JB Hunt's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of JB Hunt. If investors know JBHT will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about JB Hunt listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.35) | Dividend Share 1.69 | Earnings Share 6.3 | Revenue Per Share 121.411 | Quarterly Revenue Growth (0.09) |
The market value of JB Hunt Transport is measured differently than its book value, which is the value of JBHT that is recorded on the company's balance sheet. Investors also form their own opinion of JB Hunt's value that differs from its market value or its book value, called intrinsic value, which is JB Hunt's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because JB Hunt's market value can be influenced by many factors that don't directly affect JB Hunt's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between JB Hunt's value and its price as these two are different measures arrived at by different means. Investors typically determine if JB Hunt is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JB Hunt's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
JB Hunt 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to JB Hunt's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of JB Hunt.
| 02/28/2024 |
| 04/28/2024 |
If you would invest 0.00 in JB Hunt on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding JB Hunt Transport or generate 0.0% return on investment in JB Hunt over 60 days. JB Hunt is related to or competes with Forward Air, Hub, CH Robinson, Expeditors International, and Landstar System. Hunt Transport Services, Inc. provides surface transportation, delivery, and logistic services in North America More
JB Hunt Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure JB Hunt's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess JB Hunt Transport upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 11.98 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 2.22 |
JB Hunt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JB Hunt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JB Hunt's standard deviation. In reality, there are many statistical measures that can use JB Hunt historical prices to predict the future JB Hunt's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JB Hunt's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
JB Hunt Transport Backtested Returns
JB Hunt Transport retains Efficiency (Sharpe Ratio) of -0.19, which attests that the company had a -0.19% return per unit of price deviation over the last 3 months. JB Hunt exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JB Hunt's Market Risk Adjusted Performance of (0.22), information ratio of (0.23), and Coefficient Of Variation of (565.02) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 1.46, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, JB Hunt will likely underperform. JB Hunt Transport has an expected return of -0.35%. Please make sure to check out JB Hunt Transport total risk alpha, as well as the relationship between the skewness and day median price , to decide if JB Hunt Transport performance from the past will be repeated sooner or later.
Auto-correlation | 0.90 |
Excellent predictability
JB Hunt Transport has excellent predictability. Overlapping area represents the amount of predictability between JB Hunt time series from 28th of February 2024 to 29th of March 2024 and 29th of March 2024 to 28th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of JB Hunt Transport price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current JB Hunt price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 185.45 |
JB Hunt Transport lagged returns against current returns
Autocorrelation, which is JB Hunt stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting JB Hunt's stock expected returns. We can calculate the autocorrelation of JB Hunt returns to help us make a trade decision. For example, suppose you find that JB Hunt has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
JB Hunt regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If JB Hunt stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JB Hunt stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JB Hunt stock over time.
Current vs Lagged Prices |
| Timeline |
JB Hunt Lagged Returns
When evaluating JB Hunt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JB Hunt stock have on its future price. JB Hunt autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, JB Hunt autocorrelation shows the relationship between JB Hunt stock current value and its past values and can show if there is a momentum factor associated with investing in JB Hunt Transport.
Regressed Prices |
| Timeline |
JB Hunt Investors Sentiment
The influence of JB Hunt's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in JBHT. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to JB Hunt's public news can be used to forecast risks associated with an investment in JBHT. The trend in average sentiment can be used to explain how an investor holding JBHT can time the market purely based on public headlines and social activities around JB Hunt Transport. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
JB Hunt's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for JB Hunt's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average JB Hunt's news discussions. The higher the estimated score, the more favorable is the investor's outlook on JB Hunt.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards JB Hunt in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, JB Hunt's short interest history, or implied volatility extrapolated from JB Hunt options trading.
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Try AI Portfolio ArchitectCheck out JB Hunt Correlation, JB Hunt Volatility and JB Hunt Alpha and Beta module to complement your research on JB Hunt. Note that the JB Hunt Transport information on this page should be used as a complementary analysis to other JB Hunt's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary 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.
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JB Hunt technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.