CSX Income Quality from 2010 to 2024
| CSX Stock | USD 33.57 0.37 1.11% |
Income Quality | First Reported 2010-12-31 | Previous Quarter 1.49367429 | Current Value 1.42 | Quarterly Volatility 0.36976402 |
Check CSX financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CSX main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.7 B, Interest Expense of 849.5 M or Total Revenue of 11.1 B, as well as many exotic indicators such as Price To Sales Ratio of 4.99, Dividend Yield of 0.023 or PTB Ratio of 6.03. CSX financial statements analysis is a perfect complement when working with CSX Valuation or Volatility modules.
CSX | Income Quality |
Latest CSX's Income Quality Growth Pattern
Below is the plot of the Income Quality of CSX Corporation over the last few years. It is an assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure. CSX's Income Quality historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in CSX's overall financial position and show how it may be relating to other accounts over time.
| Income Quality | 10 Years Trend |
|
Income Quality |
| Timeline |
CSX Income Quality Regression Statistics
| Arithmetic Mean | 1.45 | |
| Geometric Mean | 1.39 | |
| Coefficient Of Variation | 25.48 | |
| Mean Deviation | 0.26 | |
| Median | 1.49 | |
| Standard Deviation | 0.37 | |
| Sample Variance | 0.14 | |
| Range | 1.2276 | |
| R-Value | (0.35) | |
| Mean Square Error | 0.13 | |
| R-Squared | 0.12 | |
| Significance | 0.20 | |
| Slope | (0.03) | |
| Total Sum of Squares | 1.91 |
CSX Income Quality History
About CSX Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include CSX income statement, its balance sheet, and the statement of cash flows. CSX investors use historical funamental indicators, such as CSX's Income Quality, to determine how well the company is positioned to perform in the future. Although CSX investors may use each financial statement separately, they are all related. The changes in CSX's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on CSX's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on CSX Financial Statements. Understanding these patterns can help to make the right decision on long term investment in CSX. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Income Quality | 1.49 | 1.42 |
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
| 0.64 | CP | Canadian Pacific Railway | PairCorr |
| 0.77 | HA | Hawaiian Holdings | PairCorr |
| 0.66 | AAL | American Airlines Financial Report 18th of July 2024 | PairCorr |
Moving against CSX Stock
| 0.73 | VLRS | Volaris | PairCorr |
| 0.7 | ALK | Alaska Air Group Earnings Call This Week | PairCorr |
| 0.67 | DAL | Delta Air Lines Financial Report 11th of July 2024 | PairCorr |
| 0.59 | UAL | United Airlines Holdings Financial Report 17th of July 2024 | PairCorr |
| 0.45 | SKYW | SkyWest | 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.Check out the analysis of CSX Correlation against competitors. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for CSX Stock analysis
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 (0.05) | Dividend Share 0.45 | Earnings Share 1.83 | Revenue Per Share 7.375 | 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.