CMS Energy Correlations
| CMS-PC Preferred Stock | USD 18.28 0.12 0.66% |
The current 90-days correlation between CMS Energy and Consumers Energy is 0.26 (i.e., Modest diversification). The correlation of CMS Energy 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
CMS Energy Correlation With Market
Modest diversification
The correlation between CMS Energy and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CMS Energy and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to CMS Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CMS Energy 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 CMS Energy - 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 CMS Energy to buy it.
Moving together with CMS Preferred Stock
| 0.84 | D | Dominion Energy | PairCorr |
| 0.86 | ED | Consolidated Edison | PairCorr |
| 0.88 | ES | Eversource Energy | PairCorr |
| 0.86 | FE | FirstEnergy Earnings Call This Week | PairCorr |
| 0.69 | HE | Hawaiian Electric | PairCorr |
| 0.82 | SO | Southern | PairCorr |
| 0.84 | CMS-PB | Consumers Energy Earnings Call Today | PairCorr |
| 0.73 | CMS | CMS Energy Earnings Call Today | PairCorr |
| 0.75 | DUK | Duke Energy Earnings Call This Week | PairCorr |
| 0.74 | EIX | Edison International | PairCorr |
| 0.65 | FTS | Fortis Inc | PairCorr |
| 0.66 | GNE | Genie Energy | PairCorr |
| 0.72 | KEP | Korea Electric Power | PairCorr |
| 0.91 | NEE | Nextera Energy Aggressive Push | PairCorr |
| 0.89 | NGG | National Grid PLC | PairCorr |
| 0.7 | PCG | PGE Corp | PairCorr |
| 0.9 | POR | Portland General Electric | PairCorr |
Moving against CMS Preferred Stock
| 0.73 | ENIC | Enel Chile SA | PairCorr |
| 0.71 | ETR | Entergy | PairCorr |
| 0.65 | CNP | CenterPoint Energy | PairCorr |
| 0.41 | EDN | Empresa Distribuidora | PairCorr |
| 0.34 | AEE | Ameren Corp | PairCorr |
| 0.67 | PCG-PC | Pacific Gas | PairCorr |
| 0.6 | TLN | Talen Energy | PairCorr |
| 0.5 | PCG-PI | Pacific Gas | PairCorr |
| 0.44 | VSTEW | Vast Renewables | PairCorr |
Related Correlations Analysis
| 0.59 | 0.39 | 0.65 | 0.75 | ETI-P | ||
| 0.59 | 0.74 | 0.44 | 0.75 | DUK-PA | ||
| 0.39 | 0.74 | 0.43 | 0.7 | SR-PA | ||
| 0.65 | 0.44 | 0.43 | 0.7 | CMS-PB | ||
| 0.75 | 0.75 | 0.7 | 0.7 | EQH-PC | ||
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Risk-Adjusted Indicators
There is a big difference between CMS Preferred Stock performing well and CMS Energy Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CMS Energy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ETI-P | 0.68 | (0.03) | 0.00 | (0.72) | 0.00 | 1.65 | 5.03 | |||
| DUK-PA | 0.39 | (0.01) | (0.15) | 0.03 | 0.44 | 0.76 | 3.35 | |||
| SR-PA | 0.36 | (0.01) | (0.15) | (0.04) | 0.48 | 0.78 | 2.14 | |||
| CMS-PB | 0.91 | (0.13) | 0.00 | (3.48) | 0.00 | 1.79 | 8.19 | |||
| EQH-PC | 0.87 | (0.06) | 0.00 | (0.04) | 0.00 | 2.50 | 5.17 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in CMS Energy 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.Did you try this?
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CMS Energy Corporate Management
| LeeRoy Wells | VP Operations | Profile | |
| Srikanth Maddipati | VP Treasurer | Profile | |
| Melissa Gleespen | Chief VP | Profile | |
| Scott McIntosh | Controller Officer | Profile | |
| Shaun JD | Sr Counsel | Profile | |
| Brian Rich | VP Officer | Profile | |
| Garrick Rochow | CEO Pres | Profile |