CSX Correlations

CSX Stock

USD 32.66 0.12 0.37%

The current 90-days correlation between CSX Corporation and Canadian National Railway is 0.28 (i.e., Modest 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

Weak diversification

The correlation between CSX Corp. and DJI is 0.36 (i.e., Weak 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 manufacturing.

Moving together with CSX Stock

0.71	VLRS	Volaris	Pair Corr
0.64	CPA	Copa Holdings SA	Pair Corr
0.69	DAL	Delta Air Lines	Pair Corr
0.64	LTM	LATAM Airlines Group	Pair Corr
0.93	NSC	Norfolk Southern	Pair Corr
0.7	UAL	United Airlines Holdings	Pair Corr
0.81	RYAAY	Ryanair Holdings PLC	Pair Corr
0.75	SAIA	Saia Inc	Pair Corr
0.72	SKYW	SkyWest	Pair Corr
0.85	J	Jacobs Solutions	Pair Corr
0.82	R	Ryder System	Pair Corr
0.75	BA	Boeing	Pair Corr
0.71	BE	Bloom Energy Corp Buyout Trend	Pair Corr
0.68	BR	Broadridge Financial	Pair Corr
0.77	CR	Crane Company	Pair Corr
0.74	CW	Curtiss Wright	Pair Corr
0.92	DY	Dycom Industries	Pair Corr
0.64	EH	Ehang Holdings	Pair Corr

Moving against CSX Stock

0.45	ODFL	Old Dominion Freight	Pair Corr
0.76	CP	Canadian Pacific Railway	Pair Corr
0.59	NL	NL Industries	Pair Corr
0.53	OP	Oceanpal	Pair Corr
0.48	GP	GreenPower Motor	Pair Corr
0.35	RR	Richtech Robotics Class Trending	Pair Corr
0.33	BV	BrightView Holdings	Pair Corr

Related Correlations Analysis

	CNI	CP	DE	NSC	UNP	WAB
CNI		0.96	0.45	-0.88	0.44	0.75	CNI
CP	0.96		0.52	-0.85	0.4	0.73	CP
DE	0.45	0.52		-0.44	0.24	0.34	DE
NSC	-0.88	-0.85	-0.44		-0.05	-0.48	NSC
UNP	0.44	0.4	0.24	-0.05		0.65	UNP
WAB	0.75	0.73	0.34	-0.48	0.65		WAB
	CNI	CP	DE	NSC	UNP	WAB

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

CP	+ 0.96	CNI
WAB	+ 0.75	CNI
WAB	+ 0.73	CP
WAB	+ 0.65	UNP
DE	+ 0.52	CP
DE	+ 0.45	CNI

High negative correlations

NSC	- 0.88	CNI
NSC	- 0.85	CP
WAB	- 0.48	NSC
NSC	- 0.44	DE
UNP	- 0.05	NSC

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	0.86	(0.19)	0.00	(0.17)	0.00	0.00	1.76	(2.29)	6.56
CP	1.02	(0.18)	0.00	(0.07)	0.00	0.00	1.86	(1.90)	5.02
DE	1.07	(0.16)	0.00	(0.05)	0.00	0.00	2.08	(1.69)	10.01
NSC	0.88	0.09	0.06	0.25	0.78	(0.99)	2.05	(1.38)	6.69
UNP	0.92	(0.13)	(0.10)	0.00	1.25	(0.96)	1.91	(1.81)	6.92
WAB	0.88	0.00	0.00	0.12	0.00	0.00	1.86	(1.74)	8.55

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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