CMS Energy Correlations
| CMSC Stock | USD 24.73 0.06 0.24% |
The current 90-days correlation between CMS Energy Corp and CMS Energy Corp is 0.73 (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.
CMS Energy Correlation With Market
Good diversification
The correlation between CMS Energy Corp and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CMS Energy Corp and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with CMS Stock
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CMSD | 0.35 | 0.00 | (0.24) | 0.24 | 0.44 | 0.74 | 1.95 | |||
| CMSA | 0.39 | 0.01 | (0.22) | (1.43) | 0.47 | 0.99 | 2.45 | |||
| DTW | 0.48 | (0.03) | 0.00 | (0.16) | 0.00 | 0.99 | 2.84 | |||
| DUKB | 0.35 | (0.02) | 0.00 | (0.17) | 0.00 | 0.64 | 1.63 | |||
| SOJC | 0.41 | (0.03) | 0.00 | (0.10) | 0.00 | 0.87 | 2.60 |