Cms Energy Stock Market Value
| CMS Stock | USD 59.95 0.05 0.08% |
| Symbol | CMS |
CMS Energy Price To Book Ratio
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 0.805 | Dividend Share 1.923 | Earnings Share 3.01 | Revenue Per Share 25.625 | Quarterly Revenue Growth (0.14) |
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.
CMS Energy 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CMS Energy's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CMS Energy.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in CMS Energy on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding CMS Energy or generate 0.0% return on investment in CMS Energy over 30 days. CMS Energy is related to or competes with Alliant Energy, Pinnacle West, FirstEnergy, Edison International, MGE Energy, and Evergy Common. CMS Energy Corporation operates as an energy company primarily in Michigan More
CMS Energy Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CMS Energy's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CMS Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.0234 | |||
| Maximum Drawdown | 4.99 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.83 |
CMS Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CMS Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CMS Energy's standard deviation. In reality, there are many statistical measures that can use CMS Energy historical prices to predict the future CMS Energy's volatility.| Risk Adjusted Performance | 0.0673 | |||
| Jensen Alpha | 0.0365 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0239 | |||
| Treynor Ratio | 0.121 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CMS Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
CMS Energy Backtested Returns
We consider CMS Energy very steady. CMS Energy secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for CMS Energy, which you can use to evaluate the volatility of the firm. Please confirm CMS Energy's risk adjusted performance of 0.0673, and Mean Deviation of 0.8762 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. CMS Energy has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.87, which signifies possible diversification benefits within a given portfolio. CMS Energy returns are very sensitive to returns on the market. As the market goes up or down, CMS Energy is expected to follow. CMS Energy currently shows a risk of 1.12%. Please confirm CMS Energy value at risk, as well as the relationship between the skewness and day median price , to decide if CMS Energy will be following its price patterns.
Auto-correlation | -0.64 |
Very good reverse predictability
CMS Energy has very good reverse predictability. Overlapping area represents the amount of predictability between CMS Energy time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CMS Energy price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current CMS Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.97 |
CMS Energy lagged returns against current returns
Autocorrelation, which is CMS Energy stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CMS Energy's stock expected returns. We can calculate the autocorrelation of CMS Energy returns to help us make a trade decision. For example, suppose you find that CMS Energy has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
CMS Energy regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CMS Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CMS Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CMS Energy stock over time.
Current vs Lagged Prices |
| Timeline |
CMS Energy Lagged Returns
When evaluating CMS Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CMS Energy stock have on its future price. CMS Energy autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CMS Energy autocorrelation shows the relationship between CMS Energy stock current value and its past values and can show if there is a momentum factor associated with investing in CMS Energy.
Regressed Prices |
| Timeline |
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
| 0.81 | D | Dominion Energy Financial Report 3rd of May 2024 | PairCorr |
| 0.61 | ED | Consolidated Edison Financial Report 2nd of May 2024 | PairCorr |
| 0.85 | ES | Eversource Energy Financial Report 1st of May 2024 | PairCorr |
| 0.79 | FE | FirstEnergy Earnings Call This Week | PairCorr |
Moving against CMS Stock
| 0.67 | HE | Hawaiian Electric Financial Report 14th of May 2024 | PairCorr |
| 0.46 | EDN | Empresa Distribuidora Financial Report 9th of May 2024 | 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 CMS Energy Correlation, CMS Energy Volatility and CMS Energy Alpha and Beta module to complement your research on CMS Energy. For more information on how to buy CMS Stock please use our How to Invest in CMS Energy guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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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CMS Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.