CMS Non Current Assets Total vs Common Stock Shares Outstanding Analysis
CMS Stock | USD 62.93 1.60 2.61% |
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 Non Current Assets Total and its Common Stock Shares Outstanding 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 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.
Non Current Assets Total vs Common Stock Shares Outstanding
Non Current Assets Total vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CMS Energy Non Current Assets Total account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong relationship.
The correlation between CMS Energy's Non Current Assets Total and Common Stock Shares Outstanding is 0.7. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Common Stock Shares Outstanding 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 Non Current Assets Total and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of CMS Energy are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Non Current Assets Total i.e., CMS Energy's Non Current Assets Total and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.7 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.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 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.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 |
CMS Energy fundamental ratios Correlations
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CMS Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
0.87 | D | Dominion Energy | PairCorr |
0.94 | ED | Consolidated Edison | PairCorr |
0.7 | ES | Eversource Energy | PairCorr |
0.94 | FE | FirstEnergy | PairCorr |
Moving against CMS Stock
0.52 | EBR | Centrais Electricas | PairCorr |
0.51 | CMS-PB | Consumers Energy | PairCorr |
0.46 | CMS-PC | CMS Energy | PairCorr |
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.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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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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.
Quarterly Earnings Growth 0.39 | Dividend Share 1.978 | Earnings Share 3.28 | Revenue Per Share 25.125 | Quarterly Revenue Growth (0.05) |
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.