Norfolk Southern Correlations


USD 242.55  1.76  0.72%   

The correlation of Norfolk Southern is a statistical measure of how it moves in relation to other equities. 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 Norfolk Southern moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Norfolk Southern 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.
Additionally, see Correlation Analysis.
The ability to find closely correlated positions to Norfolk Southern could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Norfolk Southern 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 Norfolk Southern - 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 Norfolk Southern to buy it.

Moving together with Norfolk Southern

+0.68AALAmerican Airlines Aggressive PushPairCorr
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+0.94CPCanadian Pacific RailwayPairCorr
+0.97CSXCSX CorporationPairCorr
+0.71HTLDHeartland ExpressPairCorr
+0.79KNXKnight TransportationPairCorr
+0.94LUVSouthwest AirlinesPairCorr
+0.72ODFLOld Dominion FreightPairCorr
+0.65SAVESpirit AirlinesPairCorr
+0.85SNDRSchneider NationalPairCorr
+0.83TFIITFI InternationalPairCorr
+0.77UNPUnion PacificPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
High negative correlations   

Norfolk Southern Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Norfolk Stock performing well and Norfolk Southern company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Norfolk Southern's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
At Risk
ALK 1.79  0.03  0.02  0.10  2.24  0.0201 (1.72)  3.83 (4.06)  11.57 
BCO 1.49  0.05  0.02  0.13  1.88  0.0178 (1.65)  3.54 (2.52)  15.70 
DAL 1.88  0.14  0.06  0.18  2.30  0.06 (1.91)  3.47 (4.02)  13.48 
FDX 1.95 (0.31)  0.00 (0.18)  0.00 (0.09)  0.00  3.48 (3.38)  24.46 
HA 2.26 (0.19)  0.00 (0.06)  0.00 (0.05)  0.00  5.18 (4.98)  16.68 
JBLU 2.26 (0.01)  0.01  0.06  2.79  0.0076 (2.43)  5.31 (4.89)  13.84 
LSTR 1.51  0.17  0.08  0.28  1.77  0.08 (1.53)  2.88 (3.51)  9.61 
UAL 1.96  0.31  0.13  0.34  2.14  0.13 (2.13)  4.63 (3.65)  11.31 
UHAL 1.93  0.23  0.10  0.29  1.95  0.09 (2.11)  5.28 (3.52)  10.88 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Norfolk Southern without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Norfolk Southern Corporate Directors

Norfolk Southern corporate directors refer to members of a Norfolk Southern board of directors. The board of directors generally takes responsibility for the Norfolk Southern's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Norfolk Southern's board members must vote for the resolution. The Norfolk Southern board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Mitchell Daniels - Independent DirectorProfile
Erskine Bowles - Independent DirectorProfile
Marcela Donadio - Independent DirectorProfile
John Huffard - Independent DirectorProfile

Invested in Norfolk Southern?

The danger of trading Norfolk Southern is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Norfolk Southern is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Norfolk Southern. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Norfolk Southern is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, see Correlation Analysis. You can also try Piotroski F Score module to get Piotroski F Score based on binary analysis strategy of nine different fundamentals.

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Is Norfolk Southern'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 Norfolk Southern. If investors know Norfolk 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 Norfolk Southern 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 YOY
Market Capitalization
58.8 B
Quarterly Revenue Growth YOY
Return On Assets
Return On Equity
The market value of Norfolk Southern is measured differently than its book value, which is the value of Norfolk that is recorded on the company's balance sheet. Investors also form their own opinion of Norfolk Southern's value that differs from its market value or its book value, called intrinsic value, which is Norfolk Southern'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 Norfolk Southern's market value can be influenced by many factors that don't directly affect Norfolk Southern'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 Norfolk Southern's value and its price as these two are different measures arrived at by different means. Investors typically determine Norfolk Southern value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Norfolk Southern'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.