Csx Corporation Stock Market Value
CSX Stock | USD 34.62 0.28 0.82% |
Symbol | CSX |
CSX Corporation Price To Book Ratio
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.
CSX 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CSX's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CSX.
02/23/2024 |
| 04/23/2024 |
If you would invest 0.00 in CSX on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding CSX Corporation or generate 0.0% return on investment in CSX over 60 days. CSX is related to or competes with Union Pacific, Canadian National, Canadian Pacific, Westinghouse Air, Norfolk Southern, Trinity Industries, and Greenbrier Companies. CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services More
CSX Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CSX's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CSX Corporation upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.9058 | |||
Information Ratio | (0.08) | |||
Maximum Drawdown | 4.12 | |||
Value At Risk | (1.50) | |||
Potential Upside | 1.7 |
CSX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CSX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CSX's standard deviation. In reality, there are many statistical measures that can use CSX historical prices to predict the future CSX's volatility.Risk Adjusted Performance | 0.0143 | |||
Jensen Alpha | (0.06) | |||
Total Risk Alpha | (0.11) | |||
Sortino Ratio | (0.08) | |||
Treynor Ratio | 0.0073 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CSX's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
CSX Corporation Backtested Returns
We consider CSX very steady. CSX Corporation secures Sharpe Ratio (or Efficiency) of 0.0216, which signifies that the company had a 0.0216% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for CSX Corporation, which you can use to evaluate the volatility of the firm. Please confirm CSX's mean deviation of 0.7497, and Risk Adjusted Performance of 0.0143 to double-check if the risk estimate we provide is consistent with the expected return of 0.0202%. CSX has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.9, which signifies possible diversification benefits within a given portfolio. CSX returns are very sensitive to returns on the market. As the market goes up or down, CSX is expected to follow. CSX Corporation currently shows a risk of 0.94%. Please confirm CSX Corporation downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if CSX Corporation will be following its price patterns.
Auto-correlation | 0.68 |
Good predictability
CSX Corporation has good predictability. Overlapping area represents the amount of predictability between CSX time series from 23rd of February 2024 to 24th of March 2024 and 24th of March 2024 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CSX Corporation price movement. The serial correlation of 0.68 indicates that around 68.0% of current CSX price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.68 | |
Spearman Rank Test | 0.61 | |
Residual Average | 0.0 | |
Price Variance | 0.83 |
CSX Corporation lagged returns against current returns
Autocorrelation, which is CSX stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CSX's stock expected returns. We can calculate the autocorrelation of CSX returns to help us make a trade decision. For example, suppose you find that CSX has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
Timeline |
CSX regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CSX stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CSX stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CSX stock over time.
Current vs Lagged Prices |
Timeline |
CSX Lagged Returns
When evaluating CSX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CSX stock have on its future price. CSX autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CSX autocorrelation shows the relationship between CSX stock current value and its past values and can show if there is a momentum factor associated with investing in CSX Corporation.
Regressed Prices |
Timeline |
CSX Investors Sentiment
The influence of CSX's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in CSX. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to CSX's public news can be used to forecast risks associated with an investment in CSX. The trend in average sentiment can be used to explain how an investor holding CSX can time the market purely based on public headlines and social activities around CSX Corporation. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
CSX's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for CSX's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average CSX's news discussions. The higher the estimated score, the more favorable is the investor's outlook on CSX.
CSX Implied Volatility | 31.15 |
CSX's implied volatility exposes the market's sentiment of CSX Corporation stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if CSX's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that CSX stock will not fluctuate a lot when CSX's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CSX in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CSX's short interest history, or implied volatility extrapolated from CSX options trading.
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
0.63 | CP | Canadian Pacific Railway Earnings Call Tomorrow | PairCorr |
Moving against CSX Stock
0.65 | VLRS | Volaris | 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 CSX Correlation, CSX Volatility and CSX Alpha and Beta module to complement your research on CSX. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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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CSX technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.