Correlation Analysis
JB Hunt Transport Services Inc vs Eli Lilly & Co.
JBHT vs LLY
-0.071
Weak inverse
When one moves up, the other tends to move down.
JB Hunt Transport Services Inc
↗JBHT
J.B. Hunt Transport Services ranks among the top surface transportation companies in North America by revenue. Its primary operating segments are intermodal delivery, which uses the Class I rail carriers for the underlying line-haul movement of its owned containers (48% of sales), dedicated trucking services that provide customer-specific fleet needs (27%), for-hire truckload (6%), heavy goods final-mile delivery (7%), and asset-light truck brokerage (12%).
Market cap 20.6B · 31,750 employees
Eli Lilly & Co.
↗LLY
Eli Lilly is a drug firm with a focus on neuroscience, cardiometabolic, cancer, and immunology. Lilly's key products include Verzenio for cancer; Mounjaro, Zepbound, Jardiance, Trulicity, Humalog, and Humulin for cardiometabolic; and Taltz and Olumiant for immunology.
Market cap 828.2B · 50,000 employees
Time Series
Relative Performance
Who Moves First
JBHT leads LLY by 6 days
JBHT tends to move before LLY.
After testing 13 timing shifts, the strongest relationship was -0.089 (they moved in opposite directions).
Do They Crash Together?
Correlation by Market Regime
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
+0.465
14 periods · Return correlation when both series rose
Both Falling
+0.342
6 periods · Return correlation when both series fell
Diverging
-0.422
15 periods · Return correlation when series moved apart
R-Squared
0.5%
Share of variance in one series explained by the other.
Trend Agreement
53.9%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,254
Deep shared window — 1,254 usable pairs.
Significance
p < 0.05
95% CI: [-0.126, -0.016]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,254 paired data points survived the daily window.
Raw input
1,254
1,254
Normalized
1,254
1,254
Prepared
1,254
1,254
Aligned
1,254
1,254
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
JB Hunt Transport Services Inc
JBHT
Market cap 20.6B · 31,750 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Eli Lilly & Co.
LLY
Market cap 828.2B · 50,000 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
11
Estimated crossover points between normalized spreads.
Slope
-0.9753
Linear regression slope.
Intercept
741.5317
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
JBHT
JB Hunt Transport Services Inc
Highest
+0.380
Johnson & Johnson
JNJ · 1,254 data points
Lowest
-0.344
NetFlix Inc
NFLX · 1,254 data points
Saved 7 hours ago · ID: stock-jbht-vs-stock-lly-daily