CSX Correlations

CSX Stock

USD 34.39 0.11 0.32%

The current 90-days correlation between CSX Corporation and Canadian National Railway is -0.03 (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

Poor diversification

The correlation between CSX Corp. and DJI is 0.62 (i.e., Poor 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 state.

Moving together with CSX Stock

0.86	CP	Canadian Pacific Railway	Pair Corr
0.81	AAL	American Airlines Earnings Call This Week	Pair Corr
0.62	ALK	Alaska Air Group Earnings Call This Week	Pair Corr
0.94	CPA	Copa Holdings SA	Pair Corr
0.86	DAL	Delta Air Lines Sell-off Trend	Pair Corr
0.98	LTM	LATAM Airlines Group	Pair Corr
0.9	LUV	Southwest Airlines Earnings Call This Week	Pair Corr
0.99	NSC	Norfolk Southern	Pair Corr
0.84	UAL	United Airlines Holdings	Pair Corr
0.67	ODFL	Old Dominion Freight Earnings Call This Week	Pair Corr
0.92	RYAAY	Ryanair Holdings PLC Earnings Call This Week	Pair Corr
0.72	ALGT	Allegiant Travel	Pair Corr
0.88	SKYW	SkyWest Earnings Call This Week	Pair Corr
0.8	SNCY	Sun Country Airlines	Pair Corr
0.9	TFII	TFI International Earnings Call This Week	Pair Corr
0.72	ULCC	Frontier Group Holdings	Pair Corr
0.92	J	Jacobs Solutions	Pair Corr
0.88	R	Ryder System Earnings Call This Week	Pair Corr
0.89	AL	Air Lease	Pair Corr
0.84	AP	Ampco Pittsburgh	Pair Corr
0.91	AZ	A2Z Smart Technologies	Pair Corr
0.9	BA	Boeing	Pair Corr
0.88	BE	Bloom Energy Corp	Pair Corr
0.74	BV	BrightView Holdings	Pair Corr
0.91	BW	Babcock Wilcox Enter	Pair Corr
0.92	CR	Crane Company	Pair Corr
0.97	CW	Curtiss Wright	Pair Corr
0.84	DE	Deere Company	Pair Corr
0.96	DY	Dycom Industries	Pair Corr
0.74	FA	First Advantage Corp	Pair Corr

Moving against CSX Stock

0.65	FLYX	flyExclusive,	Pair Corr
0.54	MESA	Mesa Air Group	Pair Corr
0.83	NL	NL Industries	Pair Corr
0.73	MG	Mistras Group	Pair Corr
0.56	GP	GreenPower Motor	Pair Corr

Related Correlations Analysis

	CNI	CP	DE	NSC	UNP	WAB
CNI		0.92	0.87	0.73	0.7	0.78	CNI
CP	0.92		0.91	0.83	0.73	0.85	CP
DE	0.87	0.91		0.82	0.69	0.89	DE
NSC	0.73	0.83	0.82		0.84	0.92	NSC
UNP	0.7	0.73	0.69	0.84		0.8	UNP
WAB	0.78	0.85	0.89	0.92	0.8		WAB
	CNI	CP	DE	NSC	UNP	WAB

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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
CNI	0.93	0.05	(0.08)	(0.37)	1.07	(1.15)	2.01	(1.73)	9.34
CP	0.92	0.00	(0.05)	0.13	0.96	(1.02)	2.52	(1.69)	6.32
DE	1.04	0.00	(0.02)	0.13	1.04	(1.15)	2.97	(1.92)	6.00
NSC	1.03	0.23	0.19	0.39	0.64	(1.12)	2.54	(1.66)	8.89
UNP	0.93	(0.09)	(0.10)	0.03	1.00	(1.02)	1.69	(1.81)	8.79
WAB	0.92	0.17	0.20	0.28	0.54	(1.16)	2.39	(1.26)	7.87

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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