CMS Energy Correlations

CMS Stock

USD 71.92 1.07 1.51%

The current 90-days correlation between CMS Energy and DTE Energy 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. If the correlation is 0, the equities are not correlated; they are entirely random.

CMS Energy Correlation With Market

Modest diversification

The correlation between CMS Energy and DJI is 0.27 (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.

Build AI portfolio with CMS Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CMS Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy CMS Stock please use our How to Invest in CMS Energy guide.

Moving together with CMS Stock

0.8	ED	Consolidated Edison	Pair Corr
0.67	FE	FirstEnergy	Pair Corr
0.91	AEE	Ameren Corp	Pair Corr
0.81	AEP	American Electric Power	Pair Corr
0.68	CNP	CenterPoint Energy	Pair Corr
0.84	DUK	Duke Energy	Pair Corr
0.89	EXC	Exelon	Pair Corr
0.84	NWE	NorthWestern	Pair Corr
0.79	OGE	OGE Energy	Pair Corr
0.93	PNW	Pinnacle West Capital	Pair Corr
0.65	POR	Portland General Electric Earnings Call This Week	Pair Corr
0.9	PPL	PPL Corporation	Pair Corr
0.85	WEC	WEC Energy Group	Pair Corr
0.78	XEL	Xcel Energy	Pair Corr

Moving against CMS Stock

0.64	ES	Eversource Energy Earnings Call This Week	Pair Corr
0.47	ENIC	Enel Chile SA Earnings Call This Week	Pair Corr
0.43	D	Dominion Energy	Pair Corr
0.43	EMA	Emera Incorporated	Pair Corr
0.38	HE	Hawaiian Electric	Pair Corr
0.78	GNE	Genie Energy	Pair Corr
0.75	TLN	Talen Energy Upward Rally	Pair Corr
0.58	KEP	Korea Electric Power	Pair Corr
0.58	SCE-PJ	SCE Trust IV	Pair Corr
0.47	NEE	Nextera Energy Earnings Call This Week	Pair Corr

Related Correlations Analysis

	DTE	LNT	AEE	CNP	PNW	ETR
DTE		0.61	0.62	0.7	0.58	0.74	DTE
LNT	0.61		0.31	0.15	0.19	0.53	LNT
AEE	0.62	0.31		0.7	0.91	0.76	AEE
CNP	0.7	0.15	0.7		0.73	0.62	CNP
PNW	0.58	0.19	0.91	0.73		0.61	PNW
ETR	0.74	0.53	0.76	0.62	0.61		ETR
	DTE	LNT	AEE	CNP	PNW	ETR

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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
DTE	0.80	0.01	(0.07)	0.15	1.01	(0.78)	1.70	(1.66)	5.27
LNT	0.91	0.01	(0.05)	0.15	1.25	(0.87)	1.58	(2.03)	6.57
AEE	0.76	(0.06)	(0.11)	0.00	1.11	(0.67)	1.42	(1.86)	4.87
CNP	0.78	(0.03)	(0.13)	0.01	0.97	(0.84)	1.48	(1.81)	4.96
PNW	0.83	(0.06)	0.00	(0.03)	0.00	0.00	1.53	(1.59)	4.10
ETR	0.97	0.00	(0.05)	0.14	1.10	(1.08)	2.03	(1.99)	5.53

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