CSX Stock Forward View - Simple Regression
| CSX Stock | USD 38.17 -0.32 -0.83% |
This page provides reference data for CSX using Simple Regression forecasting. The projected value and error metrics are calculated from available daily price observations.
The Simple Regression forecasted value of CSX Corporation on the next trading day is expected to be 42.00 with a mean absolute deviation of 1.40 and the sum of the absolute errors of 86.70.In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as CSX Corporation historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. This Simple Regression reference page for CSX presents model-generated projections from historical price data for informational purposes. Simple Regression Price Forecast For the 22nd of March
Given 90 days horizon, the Simple Regression forecasted value of CSX Corporation on the next trading day is expected to be 42.00 with a mean absolute deviation of 1.40 , mean absolute percentage error of 2.68 , and the sum of the absolute errors of 86.70 .Please note that although there have been many attempts to predict CSX Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that CSX's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest CSX | CSX Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for CSX Corporation focuses on identifying predictive downside and upside bands that can frame a realistic trading range. At the moment, the model places downside around 40.56 and upside around 43.43 for the forecasting period.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of CSX stock data series using in forecasting. Note that when a statistical model is used to represent CSX stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 120.9343 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.3983 |
| MAPE | Mean absolute percentage error | 0.0358 |
| SAE | Sum of the absolute errors | 86.6956 |
Other Forecasting Options for CSX
For investors considering CSX, CSX's price movement is the most direct driver of investment returns. Noise in CSX Stock price charts can make identifying meaningful trends difficult without dedicated analytical tools.CSX Related Equities
The following equities are related to CSX within the Industrials space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing CSX against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
CSX Market Strength Events
Market strength indicators for CSX provide investors with a view of how the stock performs across different market environments. By analyzing these indicators, traders can determine the best moments to enter or exit positions in CSX Corporation.
| Accumulation Distribution | 373708.0 | |||
| Daily Balance Of Power | -0.42 | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 38.26 | |||
| Day Typical Price | 38.23 | |||
| Price Action Indicator | -0.25 | |||
| Period Momentum Indicator | -0.32 |
CSX Risk Indicators
A structured analysis of CSX's risk indicators is one of the most reliable ways to improve the accuracy of price forecasts. Understanding the risk embedded in CSX's allows investors to decide whether to accept, reduce, or hedge their exposure.
| Mean Deviation | 1.07 | |||
| Semi Deviation | 1.63 | |||
| Standard Deviation | 1.39 | |||
| Variance | 1.94 | |||
| Downside Variance | 2.94 | |||
| Semi Variance | 2.65 | |||
| Expected Short fall | -0.93 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for CSX
Story coverage around CSX Corporation often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. The practical risk is that faster visibility can increase both interest and skepticism at the same time.
Contributor Headline
Latest Perspective From Macroaxis
CSX Short Properties
Short-interest signals around CSX Corporation can help investors judge whether skeptical positioning is starting to pressure price predictability and market tone. A disciplined short-interest review can make timing decisions more informed under rising skepticism.
| Common Stock Shares Outstanding | 1.9 B | |
| Cash And Short Term Investments | 675 M |