0J71 Stock | | | 190.04 0.09 0.05% |
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 Total Stockholder Equity and its Non Current Liabilities Total accounts. Check out
Trending Equities 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 board of governors.
Total Stockholder Equity vs Non Current Liabilities Total
Total Stockholder Equity vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
JB Hunt Transport Total Stockholder Equity account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between JB Hunt's Total Stockholder Equity and Non Current Liabilities Total is 0.89. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Non Current Liabilities Total 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 Total Stockholder Equity and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of JB Hunt Transport are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Stockholder Equity i.e., JB Hunt's Total Stockholder Equity and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Non Current Liabilities Total
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
Trending Equities 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 board of governors.
Tax Provision is likely to gain to about 288.6
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 117.6
M in 2024.
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
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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.