CMS Energy Correlations

CMS Stock

USD 71.49 0.59 0.83%

The current 90-days correlation between CMS Energy and Edison International is 0.48 (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

Excellent diversification

The correlation between CMS Energy and DJI is -0.65 (i.e., Excellent 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 state.

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

Moving together with CMS Stock

0.64	D	Dominion Energy Earnings Call This Week	Pair Corr
0.64	NI	NiSource	Pair Corr
0.82	AEE	Ameren Corp	Pair Corr
0.64	AVA	Avista	Pair Corr
0.78	CNP	CenterPoint Energy	Pair Corr
0.79	DTE	DTE Energy Earnings Call This Week	Pair Corr
0.73	PEG	Public Service Enterprise	Pair Corr
0.75	SRE	Sempra Energy Sell-off Trend	Pair Corr
0.85	WEC	WEC Energy Group Earnings Call This Week	Pair Corr
0.69	POM	POMDOCTOR LIMITED	Pair Corr
0.7	PSGTF	PT Semen Indonesia	Pair Corr

Moving against CMS Stock

0.8	AMKBY	AP Moeller Maersk Earnings Call This Week	Pair Corr
0.78	BKNG	Booking Holdings	Pair Corr
0.71	FRRDF	Frontier Developments plc	Pair Corr
0.69	CRARY	Credit Agricole SA Earnings Call This Week	Pair Corr
0.65	SGML	Sigma Lithium Resources	Pair Corr
0.6	RBGPF	Reckitt Benckiser	Pair Corr
0.59	CNL	Collective Mining	Pair Corr
0.59	LYG	Lloyds Banking Group Aggressive Push	Pair Corr
0.5	OUT	Outfront Media	Pair Corr
0.39	ETP	Energy Transfer Partners	Pair Corr

Related Correlations Analysis

	EIX	EVRG	EBR	KEP	EBR-B	FE	FTS	SO	DTE	LNT
EIX		-0.13	0.39	0.72	0.47	0.25	0.78	-0.41	-0.09	-0.15	EIX
EVRG	-0.13		-0.52	0.19	-0.53	0.84	0.15	0.78	0.91	0.89	EVRG
EBR	0.39	-0.52		0.4	0.97	-0.26	0.42	-0.68	-0.58	-0.54	EBR
KEP	0.72	0.19	0.4		0.4	0.51	0.71	-0.27	0.12	0.05	KEP
EBR-B	0.47	-0.53	0.97	0.4		-0.26	0.44	-0.66	-0.57	-0.55	EBR-B
FE	0.25	0.84	-0.26	0.51	-0.26		0.54	0.51	0.77	0.82	FE
FTS	0.78	0.15	0.42	0.71	0.44	0.54		-0.17	0.16	0.21	FTS
SO	-0.41	0.78	-0.68	-0.27	-0.66	0.51	-0.17		0.81	0.76	SO
DTE	-0.09	0.91	-0.58	0.12	-0.57	0.77	0.16	0.81		0.87	DTE
LNT	-0.15	0.89	-0.54	0.05	-0.55	0.82	0.21	0.76	0.87		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

EBR-B	+ 0.97	EBR
DTE	+ 0.91	EVRG
LNT	+ 0.89	EVRG
LNT	+ 0.87	DTE
FE	+ 0.84	EVRG
LNT	+ 0.82	FE

High negative correlations

SO	- 0.68	EBR
SO	- 0.66	EBR-B
DTE	- 0.58	EBR
DTE	- 0.57	EBR-B
LNT	- 0.55	EBR-B
LNT	- 0.54	EBR

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	0.11	0.05	0.29	1.39	(1.08)	1.97	(1.80)	6.38
EVRG	0.71	(0.04)	0.00	(0.07)	0.00	0.00	1.19	(1.31)	4.29
EBR	2.20	0.60	0.08	(0.26)	4.49	(2.35)	2.80	(3.23)	32.39
KEP	2.38	0.57	0.19	(3.18)	2.31	(2.66)	6.12	(4.09)	18.59
EBR-B	2.54	0.64	0.08	(0.31)	4.47	(2.74)	5.25	(3.48)	31.49
FE	0.68	0.03	(0.02)	(0.60)	0.91	(0.65)	1.35	(1.30)	4.05
FTS	0.63	0.07	0.03	(1.30)	0.56	(0.77)	1.35	(1.00)	2.88
SO	0.75	(0.11)	0.00	(0.81)	0.00	0.00	1.10	(1.81)	4.07
DTE	0.74	(0.09)	0.00	(0.21)	0.00	0.00	1.32	(1.74)	4.73
LNT	0.63	(0.06)	0.00	(0.28)	0.00	0.00	1.19	(1.38)	4.27

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