CSX (Germany) Market Value
| CXR Stock | EUR 31.95 0.15 0.47% |
| Symbol | CSX |
CSX 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CSX's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CSX.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in CSX on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding CSX Corporation or generate 0.0% return on investment in CSX over 30 days. CSX is related to or competes with Westinghouse Air, Superior Plus, SIVERS SEMICONDUCTORS, Norsk Hydro, Reliance Steel, and RYOHIN UNSPADR1. CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services More
CSX Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CSX's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CSX Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.62 | |||
| Information Ratio | 0.0118 | |||
| Maximum Drawdown | 10.67 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 3.08 |
CSX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CSX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CSX's standard deviation. In reality, there are many statistical measures that can use CSX historical prices to predict the future CSX's volatility.| Risk Adjusted Performance | 0.0477 | |||
| Jensen Alpha | 0.0356 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0136 | |||
| Treynor Ratio | 0.1187 |
CSX Corporation Backtested Returns
At this point, CSX is very steady. CSX Corporation secures Sharpe Ratio (or Efficiency) of 0.0487, which signifies that the company had a 0.0487% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for CSX Corporation, which you can use to evaluate the volatility of the firm. Please confirm CSX's mean deviation of 1.33, and Risk Adjusted Performance of 0.0477 to double-check if the risk estimate we provide is consistent with the expected return of 0.092%. CSX has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.82, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CSX's returns are expected to increase less than the market. However, during the bear market, the loss of holding CSX is expected to be smaller as well. CSX Corporation currently shows a risk of 1.89%. Please confirm CSX Corporation downside variance, kurtosis, and the relationship between the value at risk and expected short fall , to decide if CSX Corporation will be following its price patterns.
Auto-correlation | -0.85 |
Excellent reverse predictability
CSX Corporation has excellent reverse predictability. Overlapping area represents the amount of predictability between CSX time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CSX Corporation price movement. The serial correlation of -0.85 indicates that around 85.0% of current CSX price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 1.03 |
CSX Corporation lagged returns against current returns
Autocorrelation, which is CSX stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CSX's stock expected returns. We can calculate the autocorrelation of CSX returns to help us make a trade decision. For example, suppose you find that CSX has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
CSX regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CSX stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CSX stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CSX stock over time.
Current vs Lagged Prices |
| Timeline |
CSX Lagged Returns
When evaluating CSX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CSX stock have on its future price. CSX autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CSX autocorrelation shows the relationship between CSX stock current value and its past values and can show if there is a momentum factor associated with investing in CSX Corporation.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in CSX Stock
When determining whether CSX Corporation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CSX's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Csx Corporation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Csx Corporation Stock:Check out CSX Correlation, CSX Volatility and CSX Alpha and Beta module to complement your research on CSX. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
CSX technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.