CSX Correlations

CSX Stock

USD 32.86 0.12 0.36%

The current 90-days correlation between CSX Corporation and Union Pacific is 0.78 (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

Modest diversification

The correlation between CSX Corp. and DJI is 0.25 (i.e., Modest 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

0.82	CNI	Canadian National Railway Sell-off Trend	Pair Corr
0.96	NSC	Norfolk Southern	Pair Corr
0.64	J	Jacobs Solutions	Pair Corr
0.72	BV	BrightView Holdings	Pair Corr
0.89	CR	Crane Company	Pair Corr
0.61	GD	General Dynamics	Pair Corr
0.9	IR	Ingersoll Rand	Pair Corr
0.75	KE	Kimball Electronics Earnings Call This Week	Pair Corr
0.83	PH	Parker Hannifin	Pair Corr
0.64	SB	Safe Bulkers	Pair Corr

Moving against CSX Stock

0.76	BA	Boeing	Pair Corr
0.65	B	Barnes Group	Pair Corr
0.6	AAL	American Airlines	Pair Corr
0.42	AP	Ampco Pittsburgh	Pair Corr
0.64	RR	Richtech Robotics Class	Pair Corr
0.41	VACH	Voyager Acquisition Corp	Pair Corr
0.39	TH	Target Hospitality Corp	Pair Corr
0.37	DMYY	dMY Squared Technology	Pair Corr
0.33	PL	Planet Labs PBC Trending	Pair Corr

Related Correlations Analysis

	UNP	CNI	CP	WAB	NSC	TRN	GBX	FSTR
UNP		0.52	0.64	0.65	0.7	0.56	0.53	0.17	UNP
CNI	0.52		0.59	0.13	0.87	0.12	0.06	-0.41	CNI
CP	0.64	0.59		0.25	0.46	0.16	0.08	-0.39	CP
WAB	0.65	0.13	0.25		0.45	0.9	0.84	0.61	WAB
NSC	0.7	0.87	0.46	0.45		0.42	0.46	-0.03	NSC
TRN	0.56	0.12	0.16	0.9	0.42		0.79	0.59	TRN
GBX	0.53	0.06	0.08	0.84	0.46	0.79		0.68	GBX
FSTR	0.17	-0.41	-0.39	0.61	-0.03	0.59	0.68		FSTR
	UNP	CNI	CP	WAB	NSC	TRN	GBX	FSTR

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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

TRN	+ 0.9	WAB
NSC	+ 0.87	CNI
GBX	+ 0.84	WAB
GBX	+ 0.79	TRN
NSC	+ 0.7	UNP
FSTR	+ 0.68	GBX

High negative correlations

FSTR	- 0.41	CNI
FSTR	- 0.39	CP
FSTR	- 0.03	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
UNP	1.08	0.01	(0.01)	0.10	1.38	(1.15)	2.34	(2.32)	9.10
CNI	0.91	(0.12)	0.00	(0.20)	0.00	0.00	1.86	(1.92)	5.43
CP	1.02	(0.03)	(0.06)	0.00	1.29	(1.06)	2.05	(1.98)	5.71
WAB	0.98	0.11	0.04	0.88	1.07	(1.08)	1.96	(1.61)	7.99
NSC	1.20	(0.02)	(0.04)	0.03	1.34	(1.39)	2.60	(2.27)	13.32
TRN	1.50	0.13	0.04	0.53	1.84	(1.66)	2.87	(2.91)	14.13
GBX	1.52	0.40	0.22	1.06	1.12	(1.76)	4.01	(2.55)	20.47
FSTR	2.14	0.58	0.22	1.07	2.08	(2.48)	6.37	(4.12)	17.99

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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