CMS Energy Correlations

CMS Stock

USD 69.99 0.14 0.20%

The current 90-days correlation between CMS Energy and Edison International is 0.49 (i.e., Very weak 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. If the correlation is 0, the equities are not correlated; they are entirely random.

CMS Energy Correlation With Market

Modest diversification

The correlation between CMS Energy and DJI is 0.2 (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.

Build AI portfolio with CMS Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CMS Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy CMS Stock please use our How to Invest in CMS Energy guide.

Moving together with CMS Stock

0.95	AEE	Ameren Corp	Pair Corr
0.7	DTE	DTE Energy	Pair Corr
0.68	POM	POMDOCTOR LIMITED	Pair Corr
0.71	CMSA	CMS Energy Corp	Pair Corr
0.68	KG	Kestrel Group Symbol Change	Pair Corr

Moving against CMS Stock

0.8	LION	Lionsgate Studios Holding Sell-off Trend	Pair Corr
0.71	CNL	Collective Mining	Pair Corr
0.62	BOF	BranchOut Food Common	Pair Corr
0.51	CUB	Lionheart Holdings	Pair Corr
0.5	KCRD	Kindcard	Pair Corr
0.45	FYBR	Frontier Communications	Pair Corr
0.8	ATI	Allegheny Technologies	Pair Corr
0.77	ACN	Accenture plc	Pair Corr
0.75	NMIH	NMI Holdings	Pair Corr
0.67	MCHP	Microchip Technology Tech Boost	Pair Corr
0.65	ACR-PC	ACRES Commercial Realty	Pair Corr
0.58	JACK	Jack In	Pair Corr
0.52	WSFS	WSFS Financial	Pair Corr
0.46	ASXSF	Elysee Development Corp	Pair Corr
0.42	ASTS	Ast Spacemobile Aggressive Push	Pair Corr
0.36	BHKLY	BOC Hong Kong	Pair Corr
0.31	PNGZF	Paringa Resources	Pair Corr

Related Correlations Analysis

	EIX	EVRG	EBR	KEP	EBR-B	FE	FTS	SO	DTE	LNT
EIX		-0.59	-0.44	0.11	0.33	-0.33	0.7	-0.57	-0.25	-0.37	EIX
EVRG	-0.59		0.64	-0.22	-0.42	0.86	-0.14	0.87	0.74	0.92	EVRG
EBR	-0.44	0.64		-0.29	-0.12	0.69	-0.06	0.6	0.64	0.65	EBR
KEP	0.11	-0.22	-0.29		0.29	-0.08	0.32	-0.49	-0.68	-0.05	KEP
EBR-B	0.33	-0.42	-0.12	0.29		-0.29	0.21	-0.62	-0.35	-0.3	EBR-B
FE	-0.33	0.86	0.69	-0.08	-0.29		0.21	0.72	0.66	0.93	FE
FTS	0.7	-0.14	-0.06	0.32	0.21	0.21		-0.21	-0.05	0.16	FTS
SO	-0.57	0.87	0.6	-0.49	-0.62	0.72	-0.21		0.79	0.72	SO
DTE	-0.25	0.74	0.64	-0.68	-0.35	0.66	-0.05	0.79		0.67	DTE
LNT	-0.37	0.92	0.65	-0.05	-0.3	0.93	0.16	0.72	0.67		LNT
	EIX	EVRG	EBR	KEP	EBR-B	FE	FTS	SO	DTE	LNT

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Correlation Matchups

Over a given time period, the two securities move together 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

LNT	+ 0.93	FE
LNT	+ 0.92	EVRG
SO	+ 0.87	EVRG
FE	+ 0.86	EVRG
DTE	+ 0.79	SO
DTE	+ 0.74	EVRG

High negative correlations

DTE	- 0.68	KEP
SO	- 0.62	EBR-B
EVRG	- 0.59	EIX
SO	- 0.57	EIX
SO	- 0.49	KEP
EBR	- 0.44	EIX

Risk-Adjusted Indicators

There is a big difference between CMS 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
EIX	1.09	0.21	0.11	1.13	1.17	(1.20)	2.11	(1.71)	8.07
EVRG	0.71	(0.12)	0.00	(0.29)	0.00	0.00	1.09	(1.45)	4.29
EBR	1.02	0.69	0.00	(3.38)	0.00	0.00	2.55	(0.85)	3.93
KEP	2.08	0.44	0.17	0.66	2.16	(2.28)	5.91	(3.58)	12.93
EBR-B	2.62	0.59	0.08	9.22	4.56	(2.90)	5.25	(3.48)	31.49
FE	0.68	(0.08)	0.00	(1.26)	0.00	0.00	1.07	(1.62)	4.05
FTS	0.61	0.02	(0.09)	0.47	0.64	(0.69)	1.26	(0.99)	2.88
SO	0.76	(0.20)	0.00	(0.99)	0.00	0.00	1.54	(1.65)	4.07
DTE	0.70	(0.17)	0.00	(0.32)	0.00	0.00	1.13	(1.74)	4.73
LNT	0.66	(0.09)	0.00	(0.16)	0.00	0.00	1.14	(1.50)	4.27

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