CSX Correlations

CSX Stock

USD 33.61 0.14 0.42%

The current 90-days correlation between CSX Corporation and The Gap, is -0.08 (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

Very good diversification

The correlation between CSX Corp. and DJI is -0.23 (i.e., Very good 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

0.83	CP	Canadian Pacific Railway	Pair Corr
0.86	CNI	Canadian National Railway	Pair Corr
0.73	GBX	Greenbrier Companies Earnings Call This Week	Pair Corr
0.99	NSC	Norfolk Southern Sell-off Trend	Pair Corr
0.81	TRN	Trinity Industries	Pair Corr
0.84	UNP	Union Pacific	Pair Corr
0.77	WAB	Westinghouse Air Brake	Pair Corr
0.96	RAIL	Freightcar America	Pair Corr
0.74	J	Jacobs Solutions	Pair Corr
0.77	R	Ryder System	Pair Corr
0.79	AL	Air Lease	Pair Corr
0.84	AP	Ampco Pittsburgh	Pair Corr
0.7	AZ	A2Z Smart Technologies	Pair Corr
0.73	BA	Boeing Aggressive Push	Pair Corr
0.81	BE	Bloom Energy Corp	Pair Corr
0.83	BV	BrightView Holdings	Pair Corr
0.82	BW	Babcock Wilcox Enter	Pair Corr
0.9	BZ	Kanzhun Ltd ADR	Pair Corr
0.77	CR	Crane Company	Pair Corr
0.76	CW	Curtiss Wright	Pair Corr
0.84	DE	Deere Company	Pair Corr
0.89	DY	Dycom Industries	Pair Corr
0.8	FA	First Advantage Corp	Pair Corr
0.81	FC	Franklin Covey	Pair Corr
0.8	GE	GE Aerospace	Pair Corr
0.61	HY	Hyster Yale Materials	Pair Corr
0.83	IR	Ingersoll Rand	Pair Corr
0.93	KE	Kimball Electronics	Pair Corr
0.78	LZ	LegalZoom	Pair Corr

Moving against CSX Stock

0.55	G	Genpact Limited	Pair Corr
0.39	RVSNW	Rail Vision	Pair Corr
0.84	MG	Mistras Group	Pair Corr
0.58	NL	NL Industries	Pair Corr

Related Correlations Analysis

	GAP	ABEV	TLF	FIGS	PEP	CCU	SNDL
GAP		0.69	0.25	0.16	-0.6	-0.11	-0.31	GAP
ABEV	0.69		0.24	0.2	-0.73	0.0	-0.09	ABEV
TLF	0.25	0.24		0.64	-0.41	-0.7	-0.48	TLF
FIGS	0.16	0.2	0.64		-0.46	-0.66	-0.64	FIGS
PEP	-0.6	-0.73	-0.41	-0.46		0.47	0.55	PEP
CCU	-0.11	0.0	-0.7	-0.66	0.47		0.73	CCU
SNDL	-0.31	-0.09	-0.48	-0.64	0.55	0.73		SNDL
	GAP	ABEV	TLF	FIGS	PEP	CCU	SNDL

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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

SNDL	+ 0.73	CCU
ABEV	+ 0.69	GAP
FIGS	+ 0.64	TLF
SNDL	+ 0.55	PEP
CCU	+ 0.47	PEP
TLF	+ 0.25	GAP

High negative correlations

PEP	- 0.73	ABEV
CCU	- 0.7	TLF
CCU	- 0.66	FIGS
SNDL	- 0.64	FIGS
PEP	- 0.6	GAP
SNDL	- 0.48	TLF

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
GAP	2.98	0.23	0.02	(2.69)	5.71	(3.04)	5.47	(5.67)	36.25
ABEV	1.22	0.10	0.03	0.30	1.54	(1.38)	2.56	(3.18)	10.38
TLF	1.71	0.09	0.00	0.56	1.87	(2.00)	4.25	(3.33)	10.24
FIGS	2.72	0.31	0.05	(5.67)	3.44	(3.10)	7.13	(4.45)	18.66
PEP	1.08	(0.11)	0.00	0.61	0.00	0.00	2.20	(2.33)	8.66
CCU	1.40	(0.23)	0.00	0.96	0.00	0.00	2.57	(2.77)	10.06
SNDL	1.87	(0.29)	0.00	(0.24)	0.00	0.00	3.70	(3.76)	14.82

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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