JB Hunt Transport Services Inc (JBHT)
J.B. Hunt Transport Services, Inc. is an American transportation and logistics company based in Lowell, Arkansas.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 1.11% per annum.
- JBHT price at the close of November 19, 2024 was $180.18 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 38.56% per annum.
- JBHT price at the close of November 19, 2024 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of JBHT price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: March 26, 2021
End date: November 19, 2024
a = 5.1361
b = 0.0000
s = 0.0770
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 1.11%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0770) – 1
= 36.05%
March 26, 2021 calculations
Top border of price channel:
Exp(Y338)
= Exp(a + b × X338 + 2 × s)
= Exp(a + b × 492 + 2 × s)
= Exp(5.1361 + 0.0000 × 492 + 2 × 0.0770)
= Exp(5.3050)
= $201.33
Bottom border of price channel:
Exp(Y338)
= Exp(a + b × X338 – 2 × s)
= Exp(a + b × 492 – 2 × s)
= Exp(5.1361 + 0.0000 × 492 – 2 × 0.0770)
= Exp(4.9971)
= $147.99
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(5.1361 + 0.0000 × 1,826 + 2 × 0.0770)
= Exp(5.3454)
= $209.64
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(5.1361 + 0.0000 × 1,826 – 2 × 0.0770)
= Exp(5.0376)
= $154.10
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 1.11% per annum.
- JBHT price at the close of November 19, 2024 was $180.18 and was inside the primary price channel.
Secondary Trend
Start date: May 21, 2024
End date: November 19, 2024
a = 3.5733
b = 0.0009
s = 0.0282
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 38.56%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0282) – 1
= 11.93%
May 21, 2024 calculations
Top border of price channel:
Exp(Y1,131)
= Exp(a + b × X1,131 + 2 × s)
= Exp(a + b × 1,644 + 2 × s)
= Exp(3.5733 + 0.0009 × 1,644 + 2 × 0.0282)
= Exp(5.0985)
= $163.77
Bottom border of price channel:
Exp(Y1,131)
= Exp(a + b × X1,131 – 2 × s)
= Exp(a + b × 1,644 – 2 × s)
= Exp(3.5733 + 0.0009 × 1,644 – 2 × 0.0282)
= Exp(4.9858)
= $146.32
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.5733 + 0.0009 × 1,826 + 2 × 0.0282)
= Exp(5.2611)
= $192.69
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.5733 + 0.0009 × 1,826 – 2 × 0.0282)
= Exp(5.1484)
= $172.15
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 38.56% per annum.
- JBHT price at the close of November 19, 2024 was inside the secondary price channel.