CMS Long Term Investments vs Net Working Capital Analysis

CMS Stock

USD 61.36 0.62 1.00%

CMS Energy financial indicator trend analysis is way more than just evaluating CMS Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CMS Energy is a good investment. Please check the relationship between CMS Energy Long Term Investments and its Net Working Capital accounts. 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.

Long Term Investments vs Net Working Capital

Long Term Investments vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CMS Energy Long Term Investments account and Net Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between CMS Energy's Long Term Investments and Net Working Capital is -0.37. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of CMS Energy, assuming nothing else is changed. The correlation between historical values of CMS Energy's Long Term Investments and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of CMS Energy are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Long Term Investments i.e., CMS Energy's Long Term Investments and Net Working Capital go up and down completely randomly.

Correlation Coefficient

-0.37

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of CMS Energy balance sheet that represents investments CMS Energy intends to hold for over a year. CMS Energy long term investments may include different instruments such as stocks, bonds, real estate and cash.

Net Working Capital

Most indicators from CMS Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CMS Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.Tax Provision is likely to gain to about 149.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 99.4 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	2.6B	2.8B	2.9B	2.3B
Total Revenue	7.3B	8.6B	7.5B	6.3B

Gross Profit Total Revenue

CMS Energy fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Liab
Common Stock Shares Outstanding		0.73	0.69	-0.11	0.31	0.42	0.72	0.69	0.05	0.75	0.32	0.7	0.37	0.32	0.8	0.1	0.77	0.41	0.51	-0.62	0.74	0.33	0.78	0.46	0.54	0.68
Total Assets	0.73		0.99	0.0	0.48	0.81	0.99	0.99	0.66	0.87	0.39	1.0	0.45	0.39	0.71	0.63	0.99	0.13	0.45	-0.5	1.0	0.79	0.71	0.51	0.55	0.96
Short Long Term Debt Total	0.69	0.99		-0.09	0.43	0.79	0.97	1.0	0.65	0.82	0.3	0.99	0.52	0.3	0.73	0.62	0.99	0.09	0.48	-0.51	0.99	0.77	0.68	0.58	0.57	0.94
Other Current Liab	-0.11	0.0	-0.09		0.03	0.05	0.05	-0.11	0.14	0.03	0.65	0.01	-0.02	0.65	-0.38	0.24	-0.05	-0.24	-0.1	-0.06	-0.05	0.12	-0.19	-0.5	0.09	-0.01
Total Current Liabilities	0.31	0.48	0.43	0.03		0.45	0.47	0.43	0.39	0.4	0.14	0.47	-0.44	0.14	0.15	0.48	0.38	0.55	-0.43	0.35	0.45	0.46	0.46	0.14	-0.34	0.47
Total Stockholder Equity	0.42	0.81	0.79	0.05	0.45		0.78	0.78	0.9	0.81	0.54	0.8	0.11	0.54	0.57	0.86	0.73	0.21	0.18	-0.16	0.8	0.98	0.71	0.31	0.26	0.78
Property Plant And Equipment Net	0.72	0.99	0.97	0.05	0.47	0.78		0.97	0.65	0.87	0.44	0.99	0.46	0.44	0.67	0.61	0.98	0.08	0.47	-0.52	0.98	0.76	0.68	0.45	0.58	0.96
Net Debt	0.69	0.99	1.0	-0.11	0.43	0.78	0.97		0.65	0.82	0.28	0.99	0.52	0.28	0.73	0.61	0.98	0.09	0.48	-0.51	0.99	0.76	0.68	0.59	0.56	0.93
Retained Earnings	0.05	0.66	0.65	0.14	0.39	0.9	0.65	0.65		0.59	0.45	0.67	0.08	0.45	0.27	0.9	0.57	-0.04	0.06	0.0	0.63	0.93	0.4	0.14	0.16	0.65
Accounts Payable	0.75	0.87	0.82	0.03	0.4	0.81	0.87	0.82	0.59		0.58	0.85	0.34	0.58	0.81	0.57	0.84	0.35	0.54	-0.56	0.85	0.76	0.88	0.29	0.59	0.82
Cash	0.32	0.39	0.3	0.65	0.14	0.54	0.44	0.28	0.45	0.58		0.39	0.07	1.0	0.12	0.47	0.34	-0.03	0.21	-0.29	0.36	0.54	0.33	-0.2	0.33	0.4
Non Current Assets Total	0.7	1.0	0.99	0.01	0.47	0.8	0.99	0.99	0.67	0.85	0.39		0.47	0.39	0.68	0.63	0.99	0.08	0.45	-0.5	0.99	0.78	0.67	0.51	0.55	0.96
Non Currrent Assets Other	0.37	0.45	0.52	-0.02	-0.44	0.11	0.46	0.52	0.08	0.34	0.07	0.47		0.07	0.47	-0.01	0.57	-0.46	0.87	-0.89	0.49	0.11	0.11	0.43	0.91	0.41
Cash And Short Term Investments	0.32	0.39	0.3	0.65	0.14	0.54	0.44	0.28	0.45	0.58	1.0	0.39	0.07		0.12	0.47	0.34	-0.03	0.21	-0.29	0.36	0.54	0.33	-0.2	0.33	0.4
Net Receivables	0.8	0.71	0.73	-0.38	0.15	0.57	0.67	0.73	0.27	0.81	0.12	0.68	0.47	0.12		0.25	0.75	0.41	0.63	-0.64	0.73	0.49	0.87	0.6	0.62	0.67
Common Stock Total Equity	0.1	0.63	0.62	0.24	0.48	0.86	0.61	0.61	0.9	0.57	0.47	0.63	-0.01	0.47	0.25		0.52	0.13	-0.04	0.05	0.6	0.93	0.46	0.11	0.08	0.55
Non Current Liabilities Total	0.77	0.99	0.99	-0.05	0.38	0.73	0.98	0.98	0.57	0.84	0.34	0.99	0.57	0.34	0.75	0.52		0.06	0.54	-0.6	0.99	0.7	0.68	0.56	0.64	0.95
Inventory	0.41	0.13	0.09	-0.24	0.55	0.21	0.08	0.09	-0.04	0.35	-0.03	0.08	-0.46	-0.03	0.41	0.13	0.06		-0.18	0.17	0.11	0.15	0.7	-0.01	-0.25	0.04
Other Current Assets	0.51	0.45	0.48	-0.1	-0.43	0.18	0.47	0.48	0.06	0.54	0.21	0.45	0.87	0.21	0.63	-0.04	0.54	-0.18		-0.95	0.46	0.13	0.37	0.28	0.95	0.38
Other Stockholder Equity	-0.62	-0.5	-0.51	-0.06	0.35	-0.16	-0.52	-0.51	0.0	-0.56	-0.29	-0.5	-0.89	-0.29	-0.64	0.05	-0.6	0.17	-0.95		-0.51	-0.12	-0.38	-0.29	-0.98	-0.45
Total Liab	0.74	1.0	0.99	-0.05	0.45	0.8	0.98	0.99	0.63	0.85	0.36	0.99	0.49	0.36	0.73	0.6	0.99	0.11	0.46	-0.51		0.77	0.71	0.56	0.56	0.96
Property Plant And Equipment Gross	0.33	0.79	0.77	0.12	0.46	0.98	0.76	0.76	0.93	0.76	0.54	0.78	0.11	0.54	0.49	0.93	0.7	0.15	0.13	-0.12	0.77		0.64	0.26	0.24	0.75
Total Current Assets	0.78	0.71	0.68	-0.19	0.46	0.71	0.68	0.68	0.4	0.88	0.33	0.67	0.11	0.33	0.87	0.46	0.68	0.7	0.37	-0.38	0.71	0.64		0.34	0.36	0.63
Short Term Debt	0.46	0.51	0.58	-0.5	0.14	0.31	0.45	0.59	0.14	0.29	-0.2	0.51	0.43	-0.2	0.6	0.11	0.56	-0.01	0.28	-0.29	0.56	0.26	0.34		0.28	0.56
Common Stock	0.54	0.55	0.57	0.09	-0.34	0.26	0.58	0.56	0.16	0.59	0.33	0.55	0.91	0.33	0.62	0.08	0.64	-0.25	0.95	-0.98	0.56	0.24	0.36	0.28		0.5
Other Liab	0.68	0.96	0.94	-0.01	0.47	0.78	0.96	0.93	0.65	0.82	0.4	0.96	0.41	0.4	0.67	0.55	0.95	0.04	0.38	-0.45	0.96	0.75	0.63	0.56	0.5

Click cells to compare fundamentals

CMS Energy Account Relationship Matchups

CMS Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	284.3M	286.3M	289.5M	290M	291.7M	199.2M
Total Assets	26.8B	29.7B	28.8B	31.4B	33.5B	19.7B
Short Long Term Debt Total	13.2B	15.2B	12.5B	15.4B	15.6B	9.3B
Other Current Liab	273M	307M	1.8B	(181M)	205M	194.8M
Total Current Liabilities	1.5B	1.6B	1.8B	1.9B	2.9B	1.6B
Total Stockholder Equity	5.0B	5.5B	6.6B	7.0B	7.5B	7.9B
Property Plant And Equipment Net	18.9B	21.0B	22.4B	22.7B	25.1B	12.8B
Net Debt	13.1B	15.0B	12.0B	15.3B	15.4B	9.0B
Retained Earnings	(25M)	214M	1.1B	1.4B	1.7B	1.7B
Accounts Payable	635M	678M	886M	928M	802M	672.5M
Cash	140M	168M	452M	164M	227M	263.6M
Non Current Assets Total	24.5B	27.3B	26.1B	27.9B	30.7B	17.1B
Non Currrent Assets Other	5.5B	6.2B	3.7B	4.8B	357M	339.2M
Cash And Short Term Investments	140M	168M	452M	164M	227M	263.6M
Net Receivables	1.1B	1.2B	943M	1.6B	944M	997.0M
Liabilities And Stockholders Equity	26.8B	29.7B	28.8B	31.4B	33.5B	19.7B
Non Current Liabilities Total	20.3B	22.0B	19.7B	21.9B	22.5B	12.7B
Inventory	605M	576M	667M	1.1B	938M	861.6M
Other Current Assets	2.2B	2.2B	2.1B	3.3B	283M	268.9M
Other Stockholder Equity	61M	(165M)	(998M)	(1.3B)	5.7B	6.0B
Total Liab	21.8B	23.6B	21.6B	23.8B	25.4B	16.0B
Property Plant And Equipment Gross	18.9B	26.8B	30.9B	31.7B	34.1B	35.8B
Total Current Assets	2.3B	2.4B	2.6B	3.4B	2.8B	2.7B
Accumulated Other Comprehensive Income	(73M)	(86M)	(59M)	(52M)	(46M)	(48.3M)
Short Term Debt	1.2B	1.5B	382M	1.1B	1.1B	931.3M
Common Stock	4.8B	5.0B	5.5B	6.4B	6.8B	2.9M
Other Liab	7.0B	6.8B	7.3B	7.6B	8.7B	4.9B
Other Assets	5.5B	6.1B	3.8B	5.2B	6.0B	3.4B
Long Term Debt	12.0B	15.2B	12.5B	14.3B	14.5B	9.6B
Property Plant Equipment	19.0B	21.1B	22.4B	22.7B	26.1B	13.8B
Current Deferred Revenue	(644M)	(923M)	(1.3B)	815M	733.5M	770.2M
Deferred Long Term Liab	2.5B	2.7B	2.3B	3.6B	4.1B	4.3B
Net Tangible Assets	5.0B	5.5B	6.4B	6.8B	7.8B	5.3B
Long Term Debt Total	12.0B	15.2B	12.1B	14.3B	16.5B	11.7B
Capital Surpluse	5.1B	5.4B	5.4B	5.5B	6.3B	5.6B
Capital Lease Obligations	76M	56M	46M	68M	62M	69.6M

Pair Trading with CMS Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CMS Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CMS Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with CMS Stock

0.89	D	Dominion Energy	Pair Corr
0.91	ED	Consolidated Edison	Pair Corr
0.69	ES	Eversource Energy	Pair Corr
0.94	FE	FirstEnergy	Pair Corr

Moving against CMS Stock

0.59	CMS-PB	Consumers Energy	Pair Corr
0.44	CMS-PC	CMS Energy	Pair Corr

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.

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.

Correlation analysis and pair trading evaluation for CMS Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional 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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