CSX Correlations

CSX Stock

USD 28.67 0.00 0.00%

The current 90-days correlation between CSX Corporation and Union Pacific is 0.85 (i.e., Very poor 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 0.78 (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
0.93	VLRS	Volaris Buyout Trend	Pair Corr
0.94	WERN	Werner Enterprises	Pair Corr
0.74	FLYX	flyExclusive,	Pair Corr
0.96	AAL	American Airlines Aggressive Push	Pair Corr
0.97	ALK	Alaska Air Group	Pair Corr
0.97	DAL	Delta Air Lines	Pair Corr
0.97	KNX	Knight Transportation	Pair Corr
0.98	NSC	Norfolk Southern	Pair Corr
0.95	UAL	United Airlines Holdings	Pair Corr
0.62	ULH	Universal Logistics	Pair Corr
0.96	HTLD	Heartland Express	Pair Corr
0.94	JBLU	JetBlue Airways Corp Buyout Trend	Pair Corr
0.97	MRTN	Marten Transport	Pair Corr
0.93	ODFL	Old Dominion Freight	Pair Corr
0.93	ALGT	Allegiant Travel Earnings Call Tomorrow	Pair Corr
0.88	SAIA	Saia Inc Buyout Trend	Pair Corr
0.96	ARCB	ArcBest Corp	Pair Corr
0.84	SKYW	SkyWest	Pair Corr
0.95	SNDR	Schneider National	Pair Corr
0.97	SNCY	Sun Country Airlines Earnings Call Today	Pair Corr
0.73	AZUL	Azul SA Earnings Call This Week	Pair Corr
0.89	SRFM	Surf Air Mobility	Pair Corr
0.81	TFII	TFI International	Pair Corr
0.97	ULCC	Frontier Group Holdings	Pair Corr
0.75	G	Genpact Limited Earnings Call This Week	Pair Corr
0.87	J	Jacobs Solutions	Pair Corr
0.93	R	Ryder System Earnings Call Tomorrow	Pair Corr
0.84	BE	Bloom Energy Corp Earnings Call This Week	Pair Corr

Moving against CSX Stock

0.7	GD	General Dynamics	Pair Corr
0.62	PC	Premium Catering	Pair Corr
0.56	NL	NL Industries	Pair Corr
0.31	AZ	A2Z Smart Technologies	Pair Corr

Related Correlations Analysis

	UNP	CNI	CP	WAB	NSC	TRN	GBX	FSTR
UNP		0.66	0.75	0.58	0.92	0.82	0.88	0.74	UNP
CNI	0.66		0.85	0.7	0.77	0.74	0.66	0.78	CNI
CP	0.75	0.85		0.66	0.83	0.78	0.73	0.85	CP
WAB	0.58	0.7	0.66		0.8	0.85	0.79	0.76	WAB
NSC	0.92	0.77	0.83	0.8		0.92	0.91	0.89	NSC
TRN	0.82	0.74	0.78	0.85	0.92		0.96	0.89	TRN
GBX	0.88	0.66	0.73	0.79	0.91	0.96		0.81	GBX
FSTR	0.74	0.78	0.85	0.76	0.89	0.89	0.81		FSTR
	UNP	CNI	CP	WAB	NSC	TRN	GBX	FSTR

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
UNP	1.17	(0.09)	(0.22)	1.69	(1.97)	9.30
CNI	1.36	0.04	(0.06)	3.03	(2.74)	8.66
CP	1.61	0.04	(0.07)	3.29	(2.73)	11.67
WAB	1.74	0.06	(0.07)	2.81	(4.21)	13.80
NSC	1.33	(0.07)	(0.19)	2.13	(2.95)	10.56
TRN	1.70	(0.45)	(0.51)	2.50	(4.68)	13.98
GBX	1.93	(0.45)	(0.50)	2.77	(5.03)	15.70
FSTR	2.17	(0.30)	(0.36)	3.23	(4.58)	15.94

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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