Correlation Analysis
JB Hunt Transport Services Inc vs Mastercard Incorporated
JBHT vs MA
-0.255
Light 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
Mastercard Incorporated
↗MA
Mastercard is the second-largest payment processor in the world, having processed close to $11 trillion in volume during 2025. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.
Market cap 447.2B
Time Series
Relative Performance
Who Moves First
JBHT leads MA by 6 days
JBHT tends to move before MA.
After testing 13 timing shifts, the strongest relationship was -0.280 (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
+0.079
11 periods · Return correlation when both series rose
Both Falling
+0.506
8 periods · Return correlation when both series fell
Diverging
-0.766
16 periods · Return correlation when series moved apart
R-Squared
6.5%
Share of variance in one series explained by the other.
Trend Agreement
61.2%
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 < 0.001
95% CI: [-0.306, -0.202]
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
Mastercard Incorporated
MA
Market cap 447.2B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
-1.1033
Linear regression slope.
Intercept
627.0401
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 5 hours ago · ID: stock-jbht-vs-stock-ma-daily