CMS Energy Corporation 5.875% Junior Subordinated Notes due 2078 (CMSC) — Stock Correlations & Overview
Over the past year, CMSC has moved most closely with CMSD, EMP, MSpK. Explore the stocks most correlated and inversely correlated with CMSC below, along with its price, financials, and company profile.
Stocks correlated with CMSC
Correlation of daily returns. Higher positive values move with CMSC; negative values move opposite it. Informational only, not investment advice.
Most correlated with CMSC
| Symbol | Company | Correlation |
|---|---|---|
| CMSD | CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079ELECTRIC & OTHER SERVICES COMBINED | 0.70 |
| EMP | Entergy Mississippi, LLC First Mortgage Bonds, 4.90% Series due October 1, 2066ELECTRIC SERVICES | 0.65 |
| MSpK | Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series KSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.64 |
| USBpP | U.S. Bancorp Depositary Shares each representing a 1/1,000th interest in a share of Series K Non-Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS | 0.63 |
| MSpL | Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 4.875% Non-Cumulative Preferred Stock, Series LSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.63 |
Most inversely correlated with CMSC
| Symbol | Company | Correlation |
|---|---|---|
| BENFW | Beneficient WarrantFINANCE SERVICES | -0.34 |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.28 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.28 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.28 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.28 |
Frequently asked questions about CMSC correlations
- Which stocks are most correlated with CMSC?
- Based on one year of daily returns, the stocks most correlated with CMS Energy Corporation 5.875% Junior Subordinated Notes due 2078 (CMSC) are CMSD (0.70), EMP (0.65) and MSpK (0.64). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with CMSC?
- Over the past year, the stocks most inversely correlated with CMS Energy Corporation 5.875% Junior Subordinated Notes due 2078 (CMSC) are BENFW (-0.34), VXZ (-0.28) and TBF (-0.28). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these CMSC correlations calculated?
- We compute the correlation of daily returns between CMSC and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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