CMS Energy Correlations

CMSA Stock

USD 22.04 0.04 0.18%

Rolling correlation with major benchmarks shows how the stock's diversification benefit shifts over time. Current 90-days correlation between CMS Energy Corp and Edison International is -0.03 (i.e., Excellent diversification).

Market Correlation Context: CMS Energy

Poor diversification

For the present investment horizon, the measured correlation between CMS Energy and Dow Jones stands at 0.73, or Poor diversification. Lower overlap tends to improve diversification, while higher overlap means both positions carry similar risk.

CMS Energy has a market cap of 6.2 B, current ratio of 0.89. These metrics help distinguish between growth-oriented and value-oriented positioning. Comparing individual position volatility against portfolio-level volatility measures diversification. Broader economic conditions can influence CMS Energy Corp's company valuation - related indicators include signals in main economic indicators.

Exploring CMS Stock for the first time? Start with our How to Buy CMS Stock step-by-step guide.

Moving together with CMS Stock

0.92	SOJE	Southern Company	Pair Corr
0.85	SOJC	Southern	Pair Corr
0.72	TLN	Talen Energy	Pair Corr
0.91	DTW	DTE Energy	Pair Corr
0.73	IDTRY	IDTRY	Pair Corr
0.77	NOWGD	Nowigence	Pair Corr

Moving Against CMS Stock

0.87	UAN	CVR Partners LP	Pair Corr
0.79	CFIGY	Challenger ADR	Pair Corr
0.59	EPD	Enterprise Products Earnings Call This Week	Pair Corr
0.57	TSHMF	Toshiba Machine	Pair Corr
0.53	DSECF	Daiwa Securities Earnings Call This Week	Pair Corr
0.52	CSBI	Carroll Shelby	Pair Corr
0.49	PSO	Pearson PLC ADR	Pair Corr
0.47	AM	Antero Midstream Partners Earnings Call This Week	Pair Corr
0.46	POM	POMDOCTOR LIMITED	Pair Corr

Related Correlations Analysis

	EIX	EBR	FTS	DTW	ES	FE	AEE	DTE	EVRG
EIX		0.47	0.89	-0.22	0.48	0.94	0.94	0.9	0.94	EIX
EBR	0.47		0.54	-0.24	0.13	0.46	0.48	0.57	0.49	EBR
FTS	0.89	0.54		-0.13	0.54	0.9	0.9	0.94	0.89	FTS
DTW	-0.22	-0.24	-0.13		0.48	-0.28	-0.25	-0.34	-0.26	DTW
ES	0.48	0.13	0.54	0.48		0.56	0.48	0.42	0.52	ES
FE	0.94	0.46	0.9	-0.28	0.56		0.95	0.92	0.96	FE
AEE	0.94	0.48	0.9	-0.25	0.48	0.95		0.92	0.98	AEE
DTE	0.9	0.57	0.94	-0.34	0.42	0.92	0.92		0.91	DTE
EVRG	0.94	0.49	0.89	-0.26	0.52	0.96	0.98	0.91		EVRG
	EIX	EBR	FTS	DTW	ES	FE	AEE	DTE	EVRG

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

EVRG	+ 0.98	AEE
EVRG	+ 0.96	FE
AEE	+ 0.95	FE
FE	+ 0.94	EIX
AEE	+ 0.94	EIX
EVRG	+ 0.94	EIX

High negative correlations

DTE	- 0.34	DTW
FE	- 0.28	DTW
EVRG	- 0.26	DTW
AEE	- 0.25	DTW
DTW	- 0.24	EBR
DTW	- 0.22	EIX

Risk-Adjusted Indicators

Strong recent returns in CMS Stock do not always mean CMS Energy Company is outperforming peers on business quality. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EIX	1.19	0.22	0.14	0.88	1.33	-1.37	3.02	-2.45	8.64
EBR	2.20	0.50	0.09	-0.33	4.49	-2.35	2.80	-3.23	32.39
FTS	0.74	0.12	0.13	0.61	0.76	-0.81	1.64	-1.25	5.27
DTW	0.44	-0.01	0.00	-0.07	0.00	0.00	0.75	-0.77	2.52
ES	1.02	-0.04	0.00	-0.39	0.00	0.00	2.48	-2.35	8.62
FE	0.80	0.07	0.07	2.15	0.87	-0.88	1.79	-1.50	4.89
AEE	0.84	0.10	0.09	0.93	0.97	-0.84	1.57	-1.47	6.33
DTE	0.80	0.13	0.11	12.44	0.98	-0.77	2.06	-1.56	6.65
EVRG	0.89	0.09	0.08	-4.95	1.03	-0.89	2.30	-1.53	5.39