Norfolk Southern Correlations

NSC Stock

USD 305.72 0.76 0.25%

The current 90-days correlation between Norfolk Southern and CSX Corporation is 0.65 (i.e., Poor diversification). The correlation of Norfolk Southern 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.

Norfolk Southern Correlation With Market

Very weak diversification

The correlation between Norfolk Southern and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Norfolk Southern and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Norfolk Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Norfolk Southern. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

For information on how to trade Norfolk Stock refer to our How to Trade Norfolk Stock guide.

Moving together with Norfolk Stock

0.97	UNP	Union Pacific	Pair Corr
0.64	OBYCF	Obayashi	Pair Corr
0.69	NFG	National Fuel Gas	Pair Corr

Moving against Norfolk Stock

0.37

PTAIF

PT Astra International

Pair Corr

Related Correlations Analysis

	CSX	CP	CNI	RSG	CMI	FDX	URI	ITW	PWR	PCAR
CSX		0.85	0.68	0.47	0.68	0.82	0.08	0.89	0.63	0.77	CSX
CP	0.85		0.64	0.42	0.49	0.69	-0.05	0.72	0.42	0.6	CP
CNI	0.68	0.64		0.24	0.66	0.66	0.46	0.6	0.29	0.73	CNI
RSG	0.47	0.42	0.24		0.48	0.53	-0.04	0.54	0.44	0.51	RSG
CMI	0.68	0.49	0.66	0.48		0.88	0.5	0.78	0.56	0.96	CMI
FDX	0.82	0.69	0.66	0.53	0.88		0.39	0.93	0.54	0.92	FDX
URI	0.08	-0.05	0.46	-0.04	0.5	0.39		0.32	0.14	0.47	URI
ITW	0.89	0.72	0.6	0.54	0.78	0.93	0.32		0.66	0.83	ITW
PWR	0.63	0.42	0.29	0.44	0.56	0.54	0.14	0.66		0.52	PWR
PCAR	0.77	0.6	0.73	0.51	0.96	0.92	0.47	0.83	0.52		PCAR
	CSX	CP	CNI	RSG	CMI	FDX	URI	ITW	PWR	PCAR

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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

PCAR	+ 0.96	CMI
ITW	+ 0.93	FDX
PCAR	+ 0.92	FDX
ITW	+ 0.89	CSX
FDX	+ 0.88	CMI
CP	+ 0.85	CSX

High negative correlations

URI	- 0.05	CP
URI	- 0.04	RSG

Risk-Adjusted Indicators

There is a big difference between Norfolk Stock performing well and Norfolk Southern 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 Norfolk Southern'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
CSX	0.90	0.13	0.09	0.27	0.92	(0.92)	2.27	(2.04)	5.63
CP	1.13	0.22	0.08	(0.97)	1.20	(1.26)	2.82	(2.05)	7.63
CNI	1.14	0.05	0.02	0.14	1.46	(1.28)	2.53	(2.23)	7.66
RSG	0.76	0.09	0.03	0.46	0.77	(0.77)	1.84	(1.31)	4.33
CMI	1.61	0.39	0.17	0.32	2.18	(1.80)	4.09	(2.50)	16.11
FDX	1.19	0.50	0.42	0.66	0.51	(1.44)	3.52	(1.59)	7.76
URI	1.73	(0.08)	(0.01)	0.04	2.61	(1.86)	4.42	(3.19)	17.82
ITW	0.97	0.19	0.14	0.30	0.86	(1.07)	2.77	(2.12)	6.22
PWR	1.69	0.17	0.06	0.26	2.57	(1.65)	3.37	(5.00)	9.63
PCAR	1.28	0.35	0.35	0.42	0.60	(1.69)	3.68	(1.52)	7.16

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