Aggregated price index
Aggregated price index with volume information
Summary:
- Railroads stocks down 2.1% on average while median return down 2.0% in a day
- Railroads stocks down 2.1% on average while median return down 2.2% in a week
- Railroads stocks down 6.7% on average while median return down 4.1% 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.
Click on + to show price series and click on ticker for stock detail page
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
- 1M winners are : Winners for past month are
- 1M losers are : Losers for past month are $CSX -7.5%, $NSC -10.7%
- 1W winners are : Winners for past week are
- 1W losers are : Losers for past week are $CSX -2.4%, $UNP -3.3%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 55.2%, for the past 3 months is 66.9%
In the past month for a 5 days rolling window, the highest corrrelation is 89.7%, the lowest correlation is 23.7%, the latest correlation is 84.7%
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 91.8% between CSX and NSC
The lowest correlation is 35.1% between CP and UNP
Stock news
JACKSONVILLE, Fla., March 22, 2023 (GLOBE NEWSWIRE) -- CSX (NASDAQ: CSX) today announced that it has reached an agreement with the International Brotherhood of Electrical Workers (IBEW) to provide paid sick leave to employees. This is the seventh agreement between CSX and rail unions in recent weeks bringing the total number of employees that now have paid sick leave to nearly 7,700 – or 46 percent of CSX’s union-represented workforce. Other unions that have negotiated paid sick leave for their
JACKSONVILLE, Fla., March 22, 2023 (GLOBE NEWSWIRE) -- CSX (NASDAQ: CSX) today announced the launch of an enhanced carbon emissions reduction calculator that will help companies achieve their supply chain sustainability objectives by converting from truck to rail. The enhanced tool offers freight shippers increased insight into the environmental benefits of rail through analysis of customer-specific data to calculate potential greenhouse gas emissions saved by choosing rail over trucks. “The env
Strong liquidity position and pro-investor steps boost CSX Corp (CSX). However, high costs are worrisome.
Union Pacific Railroad today announced it reached agreements with eight labor unions to provide access to up to seven paid sick days, effective April 1.
Norfolk Southern CEO Alan Shaw says he supports new safety measures ahead of his Capitol Hill appearance on Wednesday.
Norfolk Southern CEO Alan Shaw will tell lawmakers Wednesday the railroad is "committed" to addressing potential long-term health issues and home value impacts from a Feb. 3 Ohio derailment. "We are committed to a solution that addresses long-term health risks through the creation of a long-term medical compensation fund," Shaw will tell the U.S. Senate Commerce Committee in written testimony seen by Reuters. Ohio sued Norfolk Southern last week over the derailment that released over a million...
Norfolk Southern's CEO is offering support for some parts of a bipartisan Senate bill to put tougher safety regulations on railroads after last month’s fiery hazardous materials train derailment on the Ohio-Pennsylvania border. CEO Alan Shaw is under pressure from senators and federal safety regulators to step up his commitment to safety regulations as he appears before the Senate Commerce Committee on Wednesday. Under aggressive questioning from senators earlier this month in a separate heari...
Norfolk Southern CEO Alan Shaw will tell lawmakers Wednesday the railroad is "committed" to addressing potential long-term health issues and home value impacts from a Feb. 3 Ohio derailment. "We are committed to a solution that addresses long-term health risks through the creation of a long-term medical compensation fund," Shaw will tell the U.S. Senate Commerce Committee in written testimony seen by Reuters.
The announcement of new tentative collective deals with Unifor marks Canadian National's (CNI) favorable terms with unions.
Impressive freight demand and solid pricing boost Canadian National (CNI).