CMS Energy Correlations

CMSD Stock

USD 23.16 0.23 0.98%

The current 90-days correlation between CMS Energy Corp and CMS Energy Corp is 0.9 (i.e., Almost no 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

Very weak diversification

The correlation between CMS Energy Corp and DJI is 0.42 (i.e., Very weak 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CMS Energy Corp. 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 information on how to trade CMS Stock refer to our How to Trade CMS Stock guide.

Moving together with CMS Stock

0.83	CMSC	CMS Energy Corp	Pair Corr
0.81	CMSA	CMS Energy Corp	Pair Corr

Moving against CMS Stock

0.35	AES	AES Aggressive Push	Pair Corr
0.47	GNE	Genie Energy	Pair Corr
0.36	EIX	Edison International	Pair Corr
0.33	XIFR	XPLR Infrastructure Symbol Change	Pair Corr

Related Correlations Analysis

	CMSC	CMSA	DUKB	AFGB	DTW
CMSC		0.88	0.17	0.89	0.53	CMSC
CMSA	0.88		0.4	0.74	0.65	CMSA
DUKB	0.17	0.4		-0.1	0.71	DUKB
AFGB	0.89	0.74	-0.1		0.33	AFGB
DTW	0.53	0.65	0.71	0.33		DTW
	CMSC	CMSA	DUKB	AFGB	DTW

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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

AFGB	+ 0.89	CMSC
CMSA	+ 0.88	CMSC
AFGB	+ 0.74	CMSA
DTW	+ 0.71	DUKB
DTW	+ 0.65	CMSA
DTW	+ 0.53	CMSC

High negative correlations

AFGB

- 0.1

DUKB

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
CMSC	0.47	(0.06)	0.00	(0.30)	0.00	0.00	1.27	(0.86)	2.68
CMSA	0.58	(0.07)	0.00	(0.30)	0.00	0.00	1.25	(1.18)	3.73
DUKB	0.42	0.06	0.23	0.25	0.45	(0.51)	0.99	(0.69)	2.54
AFGB	0.60	(0.07)	0.00	(0.29)	0.00	0.00	1.42	(1.32)	3.75
DTW	0.75	0.02	0.09	0.01	0.84	(0.86)	2.12	(1.26)	4.55

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