CSX Correlations

CSX Stock

USD 35.91 0.36 0.99%

The current 90-days correlation between CSX Corporation and Norfolk Southern is -0.07 (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 0.05 (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.

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 real.

Moving together with CSX Stock

0.66	CNI	Canadian National Railway	Pair Corr
0.67	UNP	Union Pacific	Pair Corr
0.77	EL	Estee Lauder Companies	Pair Corr
0.67	MEOAF	Melbana Energy	Pair Corr
0.61	SMXWW	SMX Public Limited	Pair Corr

Moving against CSX Stock

0.68	CMWCF	Cromwell Property	Pair Corr
0.43	BKRKF	PT Bank Rakyat	Pair Corr
0.42	KLS	Kelso Technologies	Pair Corr
0.39	VIA	Via Transportation	Pair Corr
0.35	459200KV2	IBM 49 27	Pair Corr
0.61	NMRD	Nemaura Medical	Pair Corr

Related Correlations Analysis

	NSC	CP	CNI	ITW	RSG	CMI	PWR	FDX	TRI	URI
NSC		0.58	0.52	0.78	0.23	0.39	-0.11	0.27	-0.38	0.11	NSC
CP	0.58		0.39	0.7	0.56	-0.24	-0.28	-0.26	0.39	0.67	CP
CNI	0.52	0.39		0.42	-0.16	0.6	-0.15	0.63	-0.36	-0.21	CNI
ITW	0.78	0.7	0.42		0.3	0.12	-0.25	0.1	-0.1	0.32	ITW
RSG	0.23	0.56	-0.16	0.3		-0.37	-0.36	-0.41	0.49	0.55	RSG
CMI	0.39	-0.24	0.6	0.12	-0.37		0.2	0.95	-0.82	-0.77	CMI
PWR	-0.11	-0.28	-0.15	-0.25	-0.36	0.2		0.07	-0.21	-0.36	PWR
FDX	0.27	-0.26	0.63	0.1	-0.41	0.95	0.07		-0.77	-0.78	FDX
TRI	-0.38	0.39	-0.36	-0.1	0.49	-0.82	-0.21	-0.77		0.72	TRI
URI	0.11	0.67	-0.21	0.32	0.55	-0.77	-0.36	-0.78	0.72		URI
	NSC	CP	CNI	ITW	RSG	CMI	PWR	FDX	TRI	URI

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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	+ 0.95	CMI
ITW	+ 0.78	NSC
URI	+ 0.72	TRI
ITW	+ 0.7	CP
URI	+ 0.67	CP
FDX	+ 0.63	CNI

High negative correlations

TRI	- 0.82	CMI
URI	- 0.78	FDX
TRI	- 0.77	FDX
URI	- 0.77	CMI
FDX	- 0.41	RSG
TRI	- 0.38	NSC

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	0.65	(0.10)	0.00	(0.10)	0.00	0.00	1.25	(1.27)	4.00
CP	0.91	(0.10)	0.00	(0.05)	0.00	0.00	2.29	(1.77)	4.78
CNI	0.90	0.03	0.01	0.12	0.91	(1.12)	2.01	(1.65)	5.04
ITW	0.83	(0.10)	0.00	(0.08)	0.00	0.00	1.89	(1.76)	6.43
RSG	0.85	(0.06)	0.00	0.44	0.00	0.00	1.64	(1.62)	4.89
CMI	1.48	0.28	0.17	0.35	1.34	(1.69)	2.77	(2.55)	9.83
PWR	1.66	0.11	0.00	(0.13)	2.66	(1.53)	3.37	(5.00)	11.37
FDX	1.07	0.25	0.18	0.27	1.12	(1.19)	2.57	(1.41)	6.60
TRI	1.23	(0.26)	0.00	(0.75)	0.00	0.00	1.73	(3.66)	8.84
URI	1.46	(0.22)	0.00	(0.07)	0.00	0.00	3.00	(3.10)	10.45

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

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