Correlation Between CSX and Roper Technologies

Specify exactly 2 symbols:
Observing CSX Corporation alongside Roper Technologies reveals patterns in their return co-movement. The interaction reveals how diversifiable risk is represented. The metric is based on previously observed return patterns.
Correlation between CSX Corporation and Roper Technologies measures how tightly their returns move together and where diversification can still help. The correlation data explains how often the two confirm each other and when they offer offsetting moves. You can also test a long CSX and short Roper Technologies structure to evaluate relative-value behavior. Go to your portfolio center

Diversification Opportunities for CSX and Roper Technologies

0.26
  Correlation Coefficient
 CSX
Moderate diversification
The 3 months correlation between CSX and Roper is 0.26. Overlapping area represents the amount of risk that can be diversified away by holding CSX Corp. and Roper Technologies in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Roper Technologies and CSX is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on CSX Corporation are associated (or correlated) with Roper Technologies. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Roper Technologies has no effect on the direction of CSX i.e., CSX and Roper Technologies go up and down completely randomly.

Pair Correlation Between CSX and Roper Technologies

Over a 90-day investment horizon, CSX Corporation generates 1.0 times more return on investment than Roper Technologies. Moreover, CSX Corporation is 1.0 times less risky than Roper Technologies. Its risk-adjusted efficiency stands at about 0.13 per unit of risk. Roper Technologies is currently generating about -0.02 per unit of risk. If you had invested $ 4,048 in CSX Corporation on February 6, 2026 and sold it today, you would have earned $ 512.00 , a return of 12.65% over 90 days..
Time Period3 Months [change]
DirectionMoves Together 
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns

CSX Corp.  vs.  Roper Technologies

 Performance 
       Timeline  
CSX Corporation 
Risk-Adjusted Performance
0100
10 · Moderate
Risk-adjusted returns for CSX Corporation fall below 10% of the global equities and portfolios universe across the last 90 days. A lower ranking does not preclude recovery, but it does signal that recent efficiency has lagged peers. Recent return data for CSX reflects positive risk-adjusted momentum, with gains outpacing the volatility required to produce them. ...more
Roper Technologies 
Risk-Adjusted Performance
0100
0 · Weak
Over the last 90 days, Roper Technologies has not compensated holders for the volatility absorbed. The company operates within the Industrials sector and the Specialty Industrial Machinery industry. Roper Technologies is producing inconclusive returns, with efficiency neither rewarding nor decisively penalizing holders. ...more

CSX and Roper Technologies Volatility Contrast

   Predicted Return Distribution   
       Density  

Pair Trading with CSX and Roper Technologies

Two-leg strategies using CSX and Roper Technologies allow the combined position to be structured as more market-neutral. The structure offsets losses in one leg when unexpected sector or market pressure hits both names.
CSX vs. Norfolk Southern
CSX vs. Canadian Pacific Kansas
CSX vs. Canadian National Railway
CSX vs. Illinois Tool Works
Roper Technologies vs. Ametek Inc
Roper Technologies vs. Rockwell Automation
Roper Technologies vs. Ferguson Plc
Roper Technologies vs. WW Grainger

Related Analytical Tools



 
Tools
Analysis
Directory
Company
2026 Macroaxis LLC Made with in San Francisco
Privacy Terms Widgets Feedback
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and conditions page.