CMS Energy Correlations

CMS Stock

USD 75.86 0.01 0.01%

The current 90-days correlation between CMS Energy and Edison International is 0.55 (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

Good diversification

The correlation between CMS Energy and DJI is -0.1 (i.e., Good 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

0.84	D	Dominion Energy Earnings Call This Week	Pair Corr
0.62	ED	Consolidated Edison	Pair Corr
0.78	NI	NiSource Earnings Call This Week	Pair Corr
0.88	AEE	Ameren Corp	Pair Corr
0.82	AVA	Avista Earnings Call This Week	Pair Corr
0.67	BIP	Brookfield Infrastructure	Pair Corr
0.87	CNP	CenterPoint Energy	Pair Corr
0.87	DTE	DTE Energy Sell-off Trend	Pair Corr
0.82	PEG	Public Service Enterprise Sell-off Trend	Pair Corr
0.74	SRE	Sempra Energy Earnings Call This Week	Pair Corr
0.9	WEC	WEC Energy Group	Pair Corr
0.63	SHG	Shinhan Financial	Pair Corr

Moving against CMS Stock

0.33

SGML

Sigma Lithium Resources

Pair Corr

Related Correlations Analysis

	EIX	EVRG	EBR	KEP	EBR-B	FE	FTS	SO	DTE	LNT
EIX		0.78	0.49	0.74	0.51	0.8	0.93	0.76	0.81	0.71	EIX
EVRG	0.78		0.1	0.75	0.17	0.96	0.88	0.89	0.96	0.93	EVRG
EBR	0.49	0.1		0.35	0.97	0.21	0.27	0.09	0.19	0.07	EBR
KEP	0.74	0.75	0.35		0.42	0.75	0.77	0.58	0.72	0.55	KEP
EBR-B	0.51	0.17	0.97	0.42		0.26	0.3	0.13	0.24	0.1	EBR-B
FE	0.8	0.96	0.21	0.75	0.26		0.88	0.92	0.97	0.93	FE
FTS	0.93	0.88	0.27	0.77	0.3	0.88		0.86	0.88	0.81	FTS
SO	0.76	0.89	0.09	0.58	0.13	0.92	0.86		0.92	0.92	SO
DTE	0.81	0.96	0.19	0.72	0.24	0.97	0.88	0.92		0.94	DTE
LNT	0.71	0.93	0.07	0.55	0.1	0.93	0.81	0.92	0.94		LNT
	EIX	EVRG	EBR	KEP	EBR-B	FE	FTS	SO	DTE	LNT

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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	1.21	0.36	0.18	2.33	1.36	(1.33)	3.01	(2.41)	6.29
EVRG	0.82	0.09	0.01	(1.85)	0.90	(0.84)	1.80	(1.36)	4.29
EBR	2.20	0.50	0.08	4.39	4.49	(2.35)	2.80	(3.23)	32.39
KEP	2.10	0.41	0.15	0.73	2.25	(2.25)	6.12	(3.82)	19.98
EBR-B	2.54	0.55	0.07	78.30	4.47	(2.74)	5.25	(3.48)	31.49
FE	0.77	0.16	0.07	(0.64)	0.78	(0.81)	1.79	(1.31)	4.08
FTS	0.70	0.16	0.09	(0.32)	0.60	(0.87)	1.34	(1.17)	4.38
SO	0.88	0.10	0.01	(0.34)	1.04	(0.89)	1.87	(1.84)	4.93
DTE	0.74	0.10	0.02	(2.23)	0.98	(0.71)	1.69	(1.48)	4.29
LNT	0.70	0.09	0.02	(1.22)	1.04	(0.68)	1.66	(1.58)	4.39

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