CMS Energy Correlations
| CMS-PC Preferred Stock | USD 19.27 0.29 1.53% |
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 0.37 (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.
CMS |
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 against CMS Preferred Stock
| 0.48 | ES | Eversource Energy Earnings Call This Week | PairCorr |
| 0.47 | D | Dominion Energy Financial Report 3rd of May 2024 | PairCorr |
| 0.44 | AEE | Ameren Corp Financial Report 2nd of May 2024 | PairCorr |
| 0.43 | AGR | Avangrid | PairCorr |
| 0.41 | ETR | Entergy Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.41 | 0.6 | 0.72 | 0.58 | ETI-P | ||
| 0.41 | 0.47 | 0.25 | 0.76 | DUK-PA | ||
| 0.6 | 0.47 | 0.49 | 0.25 | SR-PA | ||
| 0.72 | 0.25 | 0.49 | 0.4 | CMS-PB | ||
| 0.58 | 0.76 | 0.25 | 0.4 | EQH-PC | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ETI-P | 0.63 | 0.02 | (0.04) | 0.21 | 0.87 | 1.74 | 5.10 | |||
| DUK-PA | 0.39 | (0.02) | (0.14) | 0.00 | 0.54 | 0.81 | 2.87 | |||
| SR-PA | 0.43 | (0.05) | 0.00 | (0.07) | 0.00 | 0.96 | 3.20 | |||
| CMS-PB | 0.40 | 0.00 | (0.13) | 0.06 | 0.53 | 1.09 | 3.50 | |||
| EQH-PC | 0.67 | 0.06 | 0.05 | 0.15 | 0.68 | 1.57 | 7.68 |
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 Management
Elected by the shareholders, the CMS Energy's board of directors comprises two types of representatives: CMS Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CMS. The board's role is to monitor CMS Energy's management team and ensure that shareholders' interests are well served. CMS Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CMS Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| LeeRoy Wells | VP Operations | Profile | |
| Srikanth Maddipati | VP Treasurer | Profile | |
| Melissa Gleespen | Chief VP | Profile | |
| Scott McIntosh | Controller Officer | Profile | |
| Shaun JD | Sr Counsel | Profile | |
| Brian Rich | VP Officer | Profile | |
| Garrick Rochow | CEO Pres | 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.
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 board of governors. For information on how to trade CMS Preferred Stock refer to our How to Trade CMS Preferred Stock guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for CMS Preferred 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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