CMS Energy Corporation 5.625% Junior Subordinated Notes due 2078 (CMSA) Correlation Distribution
Across 6,809 rolling correlation observations between CMS Energy Corporation 5.625% Junior Subordinated Notes due 2078 (CMSA) and other NASDAQ-listed stocks, 67.6% are positive and 32.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.247, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 23.4% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,809
- Mean correlation
- 0.247
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.6%
- Strong positive (≥0.7)
- 23.4%
- Sector
- Electric & Other Services Combined
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 60 | 0.9% | |
| -0.8 to -0.7 | 59 | 0.9% | |
| -0.7 to -0.6 | 305 | 4.5% | |
| -0.6 to -0.5 | 304 | 4.5% | |
| -0.5 to -0.4 | 301 | 4.4% | |
| -0.4 to -0.3 | 300 | 4.4% | |
| -0.3 to -0.2 | 293 | 4.3% | |
| -0.2 to -0.1 | 292 | 4.3% | |
| -0.1 to 0.0 | 292 | 4.3% | |
| 0.0 to 0.1 | 292 | 4.3% | |
| 0.1 to 0.2 | 334 | 4.9% | |
| 0.2 to 0.3 | 333 | 4.9% | |
| 0.3 to 0.4 | 365 | 5.4% | |
| 0.4 to 0.5 | 364 | 5.3% | |
| 0.5 to 0.6 | 660 | 9.7% | |
| 0.6 to 0.7 | 659 | 9.7% | |
| 0.7 to 0.8 | 777 | 11.4% | |
| 0.8 to 0.9 | 776 | 11.4% | |
| 0.9 to 1.0 | 43 | 0.6% |
Frequently asked questions
What is the average correlation of CMSA?
CMS Energy Corporation 5.625% Junior Subordinated Notes due 2078 (CMSA) has an average correlation of about 0.247 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CMSA positively correlated with other stocks?
Mostly yes — 67.6% of pairs are positive and 32.4% are negative. Strong positive correlations (≥0.7) make up 23.4%.
What is the most common correlation range for CMSA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 27% of all pairs.
Explore the full interactive correlation distribution for CMSA.
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