CSX Correlations

CSX Stock

USD 30.07 0.19 0.63%

The current 90-days correlation between CSX Corporation and Union Pacific is -0.06 (i.e., Good diversification). The correlation of CSX is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

CSX Correlation With Market

Significant diversification

The correlation between CSX Corp. and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CSX Corp. and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CSX Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with CSX Stock

0.81	WERN	Werner Enterprises	Pair Corr
0.79	AAL	American Airlines Aggressive Push	Pair Corr
0.83	KNX	Knight Transportation Potential Growth	Pair Corr
0.72	NSC	Norfolk Southern	Pair Corr
0.82	UAL	United Airlines Holdings	Pair Corr
0.88	HTLD	Heartland Express	Pair Corr
0.63	MESA	Mesa Air Group	Pair Corr
0.77	MRTN	Marten Transport	Pair Corr
0.84	ODFL	Old Dominion Freight	Pair Corr
0.75	ALGT	Allegiant Travel Downward Rally	Pair Corr
0.87	SAIA	Saia Inc	Pair Corr
0.8	SNDR	Schneider National	Pair Corr
0.75	SNCY	Sun Country Airlines	Pair Corr
0.76	J	Jacobs Solutions	Pair Corr
0.86	R	Ryder System	Pair Corr
0.65	BA	Boeing	Pair Corr
0.63	BV	BrightView Holdings	Pair Corr

Moving against CSX Stock

0.42	BZ	Kanzhun Ltd ADR	Pair Corr
0.4	SB	Safe Bulkers	Pair Corr

Related Correlations Analysis

	UNP	CNI	CP	WAB	NSC	TRN	GBX	FSTR
UNP		0.19	0.82	0.07	0.72	-0.08	-0.1	0.01	UNP
CNI	0.19		0.57	0.73	0.53	0.77	0.72	0.78	CNI
CP	0.82	0.57		0.39	0.75	0.27	0.21	0.32	CP
WAB	0.07	0.73	0.39		0.54	0.91	0.9	0.74	WAB
NSC	0.72	0.53	0.75	0.54		0.49	0.43	0.55	NSC
TRN	-0.08	0.77	0.27	0.91	0.49		0.97	0.82	TRN
GBX	-0.1	0.72	0.21	0.9	0.43	0.97		0.73	GBX
FSTR	0.01	0.78	0.32	0.74	0.55	0.82	0.73		FSTR
	UNP	CNI	CP	WAB	NSC	TRN	GBX	FSTR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GBX	+ 0.97	TRN
TRN	+ 0.91	WAB
GBX	+ 0.9	WAB
CP	+ 0.82	UNP
FSTR	+ 0.82	TRN
FSTR	+ 0.78	CNI

High negative correlations

GBX	- 0.1	UNP
TRN	- 0.08	UNP

Risk-Adjusted Indicators

There is a big difference between CSX Stock performing well and CSX Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CSX's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
UNP	0.95	0.07	0.06	0.02	1.36	(0.92)	1.65	(2.07)	9.43
CNI	1.11	(0.05)	0.00	(0.13)	0.00	0.00	2.13	(2.79)	7.67
CP	1.34	0.06	0.00	(0.01)	0.00	0.00	3.29	(2.62)	9.92
WAB	1.34	(0.04)	0.00	(0.10)	0.00	0.00	2.30	(3.77)	12.32
NSC	1.04	(0.07)	0.00	(0.92)	0.00	0.00	2.00	(2.70)	6.43
TRN	1.49	(0.34)	0.00	(1.44)	0.00	0.00	2.44	(3.64)	11.94
GBX	1.53	(0.30)	0.00	(6.78)	0.00	0.00	2.82	(3.63)	9.05
FSTR	2.16	(0.34)	0.00	(0.27)	0.00	0.00	3.64	(4.76)	17.09

CSX Corporate Executives

Elected by the shareholders, the CSX's board of directors comprises two types of representatives: CSX inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CSX. The board's role is to monitor CSX's management team and ensure that shareholders' interests are well served. CSX's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CSX's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Sean Pelkey	Executive CFO	Profile
	Michael Cory	Executive COO	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC