CMS Energy Correlations
| CMS Stock | USD 61.27 0.43 0.71% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CMS Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CMS Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Weak diversification
The correlation between CMS Energy and NYA is 0.34 (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 NYA in the same portfolio, assuming nothing else is changed.
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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 Stock
| 0.82 | D | Dominion Energy Financial Report 3rd of May 2024 | PairCorr |
| 0.78 | ED | Consolidated Edison | PairCorr |
| 0.85 | ES | Eversource Energy | PairCorr |
| 0.71 | FE | FirstEnergy | PairCorr |
| 0.84 | SO | Southern | PairCorr |
| 0.83 | EVRG | Evergy Common Stock Earnings Call This Week | PairCorr |
| 0.92 | AEE | Ameren Corp | PairCorr |
| 0.87 | AEP | American Electric Power | PairCorr |
| 0.71 | AGR | Avangrid Sell-off Trend | PairCorr |
| 0.86 | CNP | CenterPoint Energy | PairCorr |
| 0.93 | DTE | DTE Energy | PairCorr |
| 0.78 | DUK | Duke Energy Earnings Call This Week | PairCorr |
Moving against CMS Stock
| 0.67 | HE | Hawaiian Electric Earnings Call Next Week | PairCorr |
| 0.42 | EBR | Centrais Electricas Earnings Call This Week | PairCorr |
Related Correlations Analysis
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ETR | 0.76 | 0.10 | 0.10 | 0.22 | 0.71 | 1.96 | 4.44 | |||
| AEE | 0.84 | 0.11 | 0.10 | 0.20 | 0.84 | 1.90 | 5.38 | |||
| CNP | 0.81 | 0.06 | 0.04 | 0.14 | 0.90 | 1.82 | 7.11 | |||
| LNT | 0.91 | 0.03 | 0.02 | 0.08 | 1.16 | 2.01 | 5.76 | |||
| PNW | 0.97 | 0.13 | 0.09 | 0.23 | 1.04 | 1.97 | 6.08 | |||
| MGEE | 1.46 | 0.34 | 0.21 | 0.44 | 1.26 | 2.40 | 23.07 | |||
| EVRG | 0.92 | 0.07 | 0.05 | 0.15 | 0.98 | 1.75 | 5.89 | |||
| DTE | 0.95 | 0.06 | 0.04 | 0.13 | 1.15 | 1.96 | 6.83 | |||
| PNM | 0.95 | 0.06 | 0.04 | 0.12 | 1.11 | 2.09 | 7.22 |
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?
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CMS Energy Corporate Directors
CMS Energy corporate directors refer to members of a CMS Energy board of directors. The board of directors generally takes responsibility for the CMS Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of CMS Energy's board members must vote for the resolution. The CMS Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Laura Wright | Independent Director | Profile | |
| William Harvey | Presiding Independent Director | Profile | |
| John Sznewajs | Independent Director | Profile | |
| Myrna Soto | Independent Director | Profile |
Already Invested in CMS Energy?
The danger of trading CMS Energy is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of CMS Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than CMS Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile CMS Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether CMS Energy is a strong investment it is important to analyze CMS Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CMS Energy's future performance. For an informed investment choice regarding CMS Stock, refer to the following important reports: 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 tightly coupled 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.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for CMS Stock analysis
When running CMS Energy's price analysis, check to measure CMS Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CMS Energy is operating at the current time. Most of CMS Energy's value examination focuses on studying past and present price action to predict the probability of CMS Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CMS Energy's price. Additionally, you may evaluate how the addition of CMS Energy to your portfolios can decrease your overall portfolio volatility.
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Is CMS Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CMS Energy. If investors know CMS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CMS Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of CMS Energy is measured differently than its book value, which is the value of CMS that is recorded on the company's balance sheet. Investors also form their own opinion of CMS Energy's value that differs from its market value or its book value, called intrinsic value, which is CMS Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CMS Energy's market value can be influenced by many factors that don't directly affect CMS Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CMS Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if CMS Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CMS Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.