CSX Correlations

CSX Stock

USD 40.61 0.74 1.86%

The current 90-days correlation between CSX Corporation and Norfolk Southern is 0.64 (i.e., Poor 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

Poor diversification

The correlation between CSX Corp. and DJI is 0.69 (i.e., Poor 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.

Build AI portfolio with CSX Stock

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 main economic indicators.

Moving together with CSX Stock

0.85	UNP	Union Pacific	Pair Corr
0.7	KSX	Knight-Swift Transportation	Pair Corr
0.65	PTITF	PT Indosat Tbk Earnings Call Tomorrow	Pair Corr
0.78	OBYCF	Obayashi Earnings Call Tomorrow	Pair Corr
0.67	ENS	Enersys Earnings Call This Week	Pair Corr
0.68	YLLXF	Yellow Cake plc	Pair Corr
0.8	NFG	National Fuel Gas	Pair Corr
0.73	FIBK	First Interstate Ban Normal Trading	Pair Corr
0.61	FCAP	First Capital Downward Rally	Pair Corr
0.62	BNKHF	BOC Hong Kong	Pair Corr

Moving against CSX Stock

0.56	KWO	Transport International	Pair Corr
0.53	PTAIF	PT Astra International	Pair Corr
0.53	BROGF	BROGF	Pair Corr

Related Correlations Analysis

	NSC	CNI	RSG	CMI	ITW	FDX	PWR	URI	TRI
NSC		0.51	0.46	0.48	0.75	0.62	0.36	-0.1	-0.65	NSC
CNI	0.51		0.18	0.64	0.56	0.63	0.2	0.45	-0.43	CNI
RSG	0.46	0.18		0.47	0.48	0.49	0.35	-0.08	-0.55	RSG
CMI	0.48	0.64	0.47		0.77	0.88	0.51	0.47	-0.77	CMI
ITW	0.75	0.56	0.48	0.77		0.93	0.6	0.31	-0.92	ITW
FDX	0.62	0.63	0.49	0.88	0.93		0.47	0.37	-0.91	FDX
PWR	0.36	0.2	0.35	0.51	0.6	0.47		0.12	-0.64	PWR
URI	-0.1	0.45	-0.08	0.47	0.31	0.37	0.12		-0.15	URI
TRI	-0.65	-0.43	-0.55	-0.77	-0.92	-0.91	-0.64	-0.15		TRI
	NSC	CNI	RSG	CMI	ITW	FDX	PWR	URI	TRI

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

FDX	+ 0.93	ITW
FDX	+ 0.88	CMI
ITW	+ 0.77	CMI
ITW	+ 0.75	NSC
CMI	+ 0.64	CNI
FDX	+ 0.63	CNI

High negative correlations

TRI	- 0.92	ITW
TRI	- 0.91	FDX
TRI	- 0.77	CMI
TRI	- 0.65	NSC
TRI	- 0.64	PWR
TRI	- 0.55	RSG

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
NSC	0.83	0.08	0.05	0.20	0.93	(0.88)	2.16	(1.56)	5.69
CNI	1.12	0.03	0.01	0.11	1.47	(1.22)	2.53	(2.23)	7.66
RSG	0.75	0.09	0.02	0.45	0.78	(0.75)	1.74	(1.31)	4.33
CMI	1.60	0.31	0.14	0.26	2.23	(1.74)	2.87	(2.50)	16.11
ITW	0.96	0.23	0.17	0.33	0.85	(1.06)	2.77	(2.12)	6.22
FDX	1.18	0.51	0.45	0.67	0.46	(1.44)	3.52	(1.59)	7.76
PWR	1.72	0.12	0.04	0.19	2.59	(1.66)	3.37	(5.00)	9.63
URI	1.70	(0.03)	0.01	0.06	2.57	(1.86)	4.42	(3.19)	17.82
TRI	1.59	(0.92)	0.00	(0.75)	0.00	0.00	1.63	(4.19)	18.17

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

2026 Macroaxis LLC