CMS Energy Correlations

CMS-PC Preferred Stock  USD 17.65  0.01  0.06%   
The current 90-days correlation between CMS Energy and Consumers Energy is 0.05 (i.e., Significant 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

Weak diversification

The correlation between CMS Energy and DJI is 0.39 (i.e., Weak 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

  0.68SO Southern Earnings Call This WeekPairCorr
  0.65CMS-PB Consumers EnergyPairCorr
  0.65EVRG Evergy, Earnings Call This WeekPairCorr
  0.66KEP Korea Electric PowerPairCorr

Moving against CMS Preferred Stock

  0.8EDN Empresa DistribuidoraPairCorr
  0.36FE FirstEnergy Earnings Call This WeekPairCorr
  0.35ED Consolidated EdisonPairCorr
  0.32EIX Edison InternationalPairCorr
  0.61PCG PGE Corp Earnings Call This WeekPairCorr
  0.58SCE-PL SCE Trust VIPairCorr
  0.55PCG-PH Pacific GasPairCorr
  0.51MGEE MGE Energy Earnings Call This WeekPairCorr
  0.45PCG-PI Pacific GasPairCorr
  0.43PCG-PG Pacific GasPairCorr
  0.42PCG-PE Pacific GasPairCorr
  0.37SCE-PG SCE Trust IIPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
EQH-PCCMS-PB
SR-PAETI-P
SR-PADUK-PA
CMS-PBETI-P
CMS-PBSR-PA
CMS-PBDUK-PA
  
High negative correlations   
EQH-PCSR-PA

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.

Did you try this?

Run Money Flow Index Now

   

Money Flow Index

Determine momentum by analyzing Money Flow Index and other technical indicators
All  Next Launch Module

CMS Energy Corporate Management