Which stocks are most correlated with CMSD?

Based on one year of daily returns, the stocks most correlated with CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) are CMSC (0.70), DTW (0.69) and DTG (0.68). 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 CMSD?

Over the past year, the stocks most inversely correlated with CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) are SH (-0.31), CARD (-0.31) and SDS (-0.31). A negative correlation means the two stocks have tended to move in opposite directions.

CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) — Stock Correlations & Overview

Over the past year, CMSD has moved most closely with CMSC, DTW, DTG. Explore the stocks most correlated and inversely correlated with CMSD below, along with its price, financials, and company profile.

Stocks correlated with CMSD

Correlation of daily returns. Higher positive values move with CMSD; negative values move opposite it. Informational only, not investment advice.

Most correlated with CMSD

Symbol	Company	Correlation
CMSC	CMS Energy Corporation 5.875% Junior Subordinated Notes due 2078ELECTRIC & OTHER SERVICES COMBINED	0.70
DTW	DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077ELECTRIC SERVICES	0.69
DTG	DTE Energy Company 2021 Series E 4.375% Junior Subordinated DebenturesELECTRIC SERVICES	0.68
FpB	Ford Motor Company 6.20% Notes due June 1, 2059MOTOR VEHICLES & PASSENGER CAR BODIES	0.60
SCHWpJ	The Charles Schwab Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.450% Non-Cumulative Perpetual Preferred Stock, Series JSECURITY BROKERS, DEALERS & FLOTATION COMPANIES	0.59

Most inversely correlated with CMSD

Symbol	Company	Correlation
SH	ProShares Short S&P500	-0.31
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.31
SDS	ProShares UltraShort S&P500	-0.31
QQDN	ProShares Trust ProShares UltraShort QQQ Mega	-0.31
SPXU	ProShares UltraPro Short S&P 500	-0.31

Frequently asked questions about CMSD correlations

Which stocks are most correlated with CMSD?: Based on one year of daily returns, the stocks most correlated with CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) are CMSC (0.70), DTW (0.69) and DTG (0.68). 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 CMSD?: Over the past year, the stocks most inversely correlated with CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) are SH (-0.31), CARD (-0.31) and SDS (-0.31). 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 CMSD correlations calculated?: We compute the correlation of daily returns between CMSD 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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