Aggregated price index with volume information
- Railroads stocks up 0.1% on average while median return up 0.2% in a day
- Railroads stocks down 2.3% on average while median return down 1.9% in a week
- Railroads stocks down 2.1% on average while median return down 3.4% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
- 1M winners are : Winners for past month are $CSX 0.6%
- 1M losers are : Losers for past month are $NSC -3.8%, $UNP -6.2%
- 1W winners are : Winners for past week are $CSX 1.1%
- 1W losers are : Losers for past week are $CP -4.3%, $CNI -5.4%
Index correlation analysis
Correlation for the past month is 72.9%, for the past 3 months is 49.6%
In the past month for a 5 days rolling window, the highest corrrelation is 94.2%, the lowest correlation is 44.5%, the latest correlation is 74.6%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 91.0% between CNI and CP
The lowest correlation is 56.9% between CP and UNP
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Norfolk Southern said on Monday it launched an interim program to compensate homeowners around East Palestine, Ohio who have had to sell their properties at a reduced value following a Feb. 3 train derailment that spilled toxic chemicals. The program applies to parts of Ohio and Pennsylvania near the derailment site and applies to those with homes on the market, future listings or sold since Feb. 3. Senator Ted Cruz, the top Republican on the Senate committee that oversees railroads, said Norf...
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In an effort to prevent rail-related injuries and deaths to kids, Safe Kids Worldwide and Union Pacific Railroad are teaming up during Rail Safety Week to release a series of resources designed to raise awareness, educate communities, and encourage parents to talk to their kids about rail safety from an early age.
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JACKSONVILLE, Fla., Sept. 18, 2023 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ: CSX) is continuing its partnership with the national non-profit, Operation Lifesaver, for the sixth consecutive year in support of Rail Safety Week. The annual campaign promotes public safety near railroad tracks and serves as a nationwide platform to educate communities about safe behaviors that help prevent crossing collisions and trespass incidents. "Education is at the heart of rail safety. By engaging with commu