CMS Energy Correlations

CMS Stock

USD 70.30 0.74 1.06%

The current 90-days correlation between CMS Energy and FirstEnergy is 0.75 (i.e., Poor 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

Average diversification

The correlation between CMS Energy and DJI is 0.12 (i.e., Average 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

0.74	D	Dominion Energy	Pair Corr
0.87	NI	NiSource	Pair Corr
0.94	AEE	Ameren Corp	Pair Corr
0.91	CNP	CenterPoint Energy	Pair Corr
0.81	DTE	DTE Energy	Pair Corr
0.84	WEC	WEC Energy Group	Pair Corr
0.68	POM	POMDOCTOR LIMITED	Pair Corr

Moving against CMS Stock

0.65	CNL	Collective Mining	Pair Corr
0.84	MEOAF	Melbana Energy	Pair Corr
0.79	RMDFF	Richmond Minerals	Pair Corr
0.66	FINN	First National	Pair Corr
0.56	ATHA	Athira Pharma	Pair Corr
0.5	RKLB	Rocket Lab USA Aggressive Push	Pair Corr
0.49	LCDX	Caliber Imaging Diag	Pair Corr
0.44	STLFF	Stillfront Group	Pair Corr
0.39	KB	KB Financial Group	Pair Corr
0.33	HYMTF	Hyundai Motor	Pair Corr
0.82	FCOB	1st Colonial Bancorp	Pair Corr
0.74	DB	Deutsche Bank AG	Pair Corr

Related Correlations Analysis

	FE	PPL	ES	FTS	EBR-B	SO	ATO
FE		0.8	0.28	0.16	-0.34	0.68	0.87	FE
PPL	0.8		0.7	-0.11	-0.69	0.89	0.84	PPL
ES	0.28	0.7		-0.41	-0.58	0.68	0.53	ES
FTS	0.16	-0.11	-0.41		0.29	-0.36	0.06	FTS
EBR-B	-0.34	-0.69	-0.58	0.29		-0.67	-0.39	EBR-B
SO	0.68	0.89	0.68	-0.36	-0.67		0.73	SO
ATO	0.87	0.84	0.53	0.06	-0.39	0.73		ATO
	FE	PPL	ES	FTS	EBR-B	SO	ATO

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

SO	+ 0.89	PPL
ATO	+ 0.87	FE
ATO	+ 0.84	PPL
PPL	+ 0.8	FE
ATO	+ 0.73	SO
ES	+ 0.7	PPL

High negative correlations

EBR-B	- 0.69	PPL
SO	- 0.67	EBR-B
EBR-B	- 0.58	ES
FTS	- 0.41	ES
ATO	- 0.39	EBR-B
SO	- 0.36	FTS

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
FE	0.67	(0.04)	0.00	(2.39)	0.00	0.00	1.07	(1.62)	4.05
PPL	0.79	(0.10)	0.00	(0.41)	0.00	0.00	1.19	(1.73)	4.62
ES	1.05	(0.14)	0.00	(0.50)	0.00	0.00	1.70	(1.91)	14.78
FTS	0.61	0.04	(0.05)	(0.36)	0.61	(0.72)	1.35	(1.00)	3.44
EBR-B	2.50	0.54	0.07	(0.92)	4.40	(2.73)	5.25	(3.20)	31.49
SO	0.76	(0.09)	0.00	1.34	0.00	0.00	1.63	(1.65)	4.56
ATO	0.74	(0.04)	0.00	(0.38)	0.00	0.00	1.38	(1.61)	4.47

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