CMS Energy Correlations

Preferred Stocks . USA . 
Preferred Stock . CMS Energy
CMS-PC Preferred Stock  USD 17.63  0.05  0.28%   
The current 90-days correlation between CMS Energy and Consumers Energy is 0.22 (i.e., Modest 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

Modest diversification

The correlation between CMS Energy and DJI is 0.24 (i.e., Modest 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.
  
The ability to find closely correlated positions to CMS Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CMS Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CMS Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CMS Energy to buy it.

Moving together with CMS Preferred Stock

  0.81EDN Empresa DistribuidoraPairCorr
  0.64EIX Edison InternationalPairCorr
  0.62PCG PGE Corp Aggressive PushPairCorr

Moving against CMS Preferred Stock

  0.57AEP American Electric PowerPairCorr
  0.56ETR Entergy Sell-off TrendPairCorr
  0.55ENIC Enel Chile SAPairCorr
  0.55EXC ExelonPairCorr
  0.54CNP CenterPoint EnergyPairCorr
  0.51SO SouthernPairCorr
  0.51AEE Ameren Corp Sell-off TrendPairCorr
  0.48ED Consolidated EdisonPairCorr
  0.48DTE DTE EnergyPairCorr
  0.46CMS CMS Energy Sell-off TrendPairCorr
  0.46DUK Duke EnergyPairCorr
  0.44EVRG Evergy,PairCorr
  0.43ELPC Companhia ParanaensePairCorr
  0.4ELP Companhia ParanaensePairCorr
  0.38FTS Fortis IncPairCorr
  0.34LNT Alliant Energy CorpPairCorr
  0.32ES Eversource EnergyPairCorr
  0.52WEC WEC Energy GroupPairCorr
  0.48NWE NorthWesternPairCorr
  0.44PPL PPL Corporation Sell-off TrendPairCorr
  0.43OGE OGE EnergyPairCorr
  0.36PNW Pinnacle West CapitalPairCorr
  0.31DUK-PA Duke EnergyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between CMS Preferred 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in CMS Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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CMS Energy Corporate Management

LeeRoy WellsVP OperationsProfile
Srikanth MaddipatiVP TreasurerProfile
Melissa GleespenChief VPProfile
Scott McIntoshController OfficerProfile
Shaun JDSr CounselProfile
Brian RichVP OfficerProfile
Garrick RochowCEO PresProfile
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