Csx Corporation Stock Beta

CSX Stock  USD 37.07  0.23  0.62%   
CSX Corporation fundamentals help investors to digest information that contributes to CSX's financial success or failures. It also enables traders to predict the movement of CSX Stock. The fundamental analysis module provides a way to measure CSX's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to CSX stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

CSX Beta Analysis

CSX's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total16.4B18.0B19.1B20.0B
Total Assets40.5B41.9B43.0B27.0B

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current CSX Beta

    
  1.18  
Most of CSX's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, CSX Corporation is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

CSX Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for CSX is extremely important. It helps to project a fair market value of CSX Stock properly, considering its historical fundamentals such as Beta. Since CSX's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of CSX's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of CSX's interrelated accounts and indicators.
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Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition

In accordance with the recently published financial statements, CSX Corporation has a Beta of 1.183. This is 13.65% lower than that of the Ground Transportation sector and 14.28% lower than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.

CSX Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CSX's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of CSX could also be used in its relative valuation, which is a method of valuing CSX by comparing valuation metrics of similar companies.
CSX is currently under evaluation in beta category among related companies.

CSX ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, CSX's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to CSX's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

CSX Institutional Holders

Institutional Holdings refers to the ownership stake in CSX that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of CSX's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing CSX's value.
Shares
Lazard Asset Management Llc2023-12-31
25.1 M
Legal & General Group Plc2023-12-31
23.4 M
Royal Bank Of Canada2023-12-31
23 M
Fisher Asset Management, Llc2023-12-31
22.3 M
Norges Bank2023-12-31
21.8 M
Northern Trust Corp2023-12-31
20.6 M
Capital Research Global Investors2023-12-31
20 M
Fmr Inc2023-12-31
18.6 M
Goldman Sachs Group Inc2023-12-31
18.1 M
Vanguard Group Inc2023-12-31
175 M
Blackrock Inc2023-12-31
142.6 M
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, CSX will likely underperform.

CSX Fundamentals

About CSX Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze CSX Corporation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CSX using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CSX Corporation based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. CSX Corporation was incorporated in 1978 and is headquartered in Jacksonville, Florida. CSX Corp operates under Railroads classification in the United States and is traded on NASDAQ Exchange. It employs 21946 people.

Pair Trading with CSX

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CSX position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CSX will appreciate offsetting losses from the drop in the long position's value.

Moving together with CSX Stock

  0.91CP Canadian Pacific Railway Financial Report 24th of April 2024 PairCorr
  0.86DSKE Daseke Inc Financial Report 14th of May 2024 PairCorr

Moving against CSX Stock

  0.83VLRS Volaris Financial Report 22nd of April 2024 PairCorr
  0.73MRTN Marten Transport Fiscal Quarter End 31st of March 2024 PairCorr
  0.56WERN Werner Enterprises Financial Report 1st of May 2024 PairCorr
The ability to find closely correlated positions to CSX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CSX when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CSX - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CSX Corporation to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CSX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CSX Corporation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CSX can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether CSX Corporation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CSX's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Csx Corporation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Csx Corporation Stock:
Check out CSX Piotroski F Score and CSX Altman Z Score analysis.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running CSX's price analysis, check to measure CSX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CSX is operating at the current time. Most of CSX's value examination focuses on studying past and present price action to predict the probability of CSX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CSX's price. Additionally, you may evaluate how the addition of CSX to your portfolios can decrease your overall portfolio volatility.
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Is CSX's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CSX. If investors know CSX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CSX listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.08)
Dividend Share
0.44
Earnings Share
1.86
Revenue Per Share
7.299
Quarterly Revenue Growth
(0.01)
The market value of CSX Corporation is measured differently than its book value, which is the value of CSX that is recorded on the company's balance sheet. Investors also form their own opinion of CSX's value that differs from its market value or its book value, called intrinsic value, which is CSX's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CSX's market value can be influenced by many factors that don't directly affect CSX's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CSX's value and its price as these two are different measures arrived at by different means. Investors typically determine if CSX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CSX's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.