CSX (Germany) Market Value
| CXR Stock | 34.26 0.62 1.84% |
| Symbol | CSX |
CSX 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CSX's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CSX.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in CSX on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding CSX Corporation or generate 0.0% return on investment in CSX over 360 days. CSX is related to or competes with PARKEN Sport, Apyx Medical, Microbot Medical, Fukuyama Transporting, and Geratherm Medical. More
CSX Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CSX's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CSX Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.89 | |||
| Information Ratio | 0.0519 | |||
| Maximum Drawdown | 15.08 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 2.63 |
CSX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CSX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CSX's standard deviation. In reality, there are many statistical measures that can use CSX historical prices to predict the future CSX's volatility.| Risk Adjusted Performance | 0.0953 | |||
| Jensen Alpha | 0.0385 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0562 | |||
| Treynor Ratio | 0.1455 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CSX's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
CSX Corporation Backtested Returns
CSX appears to be very steady, given 3 months investment horizon. CSX Corporation secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of volatility over the last 3 months. We have found thirty technical indicators for CSX Corporation, which you can use to evaluate the volatility of the firm. Please makes use of CSX's risk adjusted performance of 0.0953, and Mean Deviation of 1.24 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CSX holds a performance score of 8. The firm shows a Beta (market volatility) of 1.56, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, CSX will likely underperform. Please check CSX's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether CSX's price patterns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
CSX Corporation has poor reverse predictability. Overlapping area represents the amount of predictability between CSX time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CSX Corporation price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current CSX price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
CSX Corporation lagged returns against current returns
Autocorrelation, which is CSX stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CSX's stock expected returns. We can calculate the autocorrelation of CSX returns to help us make a trade decision. For example, suppose you find that CSX has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
CSX regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CSX stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CSX stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CSX stock over time.
Current vs Lagged Prices |
| Timeline |
CSX Lagged Returns
When evaluating CSX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CSX stock have on its future price. CSX autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CSX autocorrelation shows the relationship between CSX stock current value and its past values and can show if there is a momentum factor associated with investing in CSX Corporation.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for CSX Stock Analysis
When running CSX's price analysis, check to measure CSX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CSX is operating at the current time. Most of CSX's value examination focuses on studying past and present price action to predict the probability of CSX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CSX's price. Additionally, you may evaluate how the addition of CSX to your portfolios can decrease your overall portfolio volatility.