Consumers Energy Preferred Stock Market Value
| CMS-PB Preferred Stock | USD 81.20 0.19 0.23% |
| Symbol | Consumers |
Consumers 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 Consumers Energy's preferred 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 Consumers Energy.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Consumers Energy on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Consumers Energy or generate 0.0% return on investment in Consumers Energy over 30 days. Consumers Energy is related to or competes with Nextera Energy, Duke Energy, PGE Corp, Southern, Centrais Elétricas, and Entergy Texas. Consumers Energy Company operates as an electric and gas utility in Michigan More
Consumers 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 Consumers Energy's preferred 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 Consumers Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.46 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.38 |
Consumers Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Consumers Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Consumers Energy's standard deviation. In reality, there are many statistical measures that can use Consumers Energy historical prices to predict the future Consumers Energy's volatility.| Risk Adjusted Performance | 0.0246 | |||
| Jensen Alpha | 0.0315 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.57) |
Consumers Energy Backtested Returns
At this point, Consumers Energy is very steady. Consumers Energy secures Sharpe Ratio (or Efficiency) of 0.0174, which signifies that the company had a 0.0174% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Consumers Energy, which you can use to evaluate the volatility of the firm. Please confirm Consumers Energy's Mean Deviation of 0.9855, risk adjusted performance of 0.0246, and Downside Deviation of 1.38 to double-check if the risk estimate we provide is consistent with the expected return of 0.0244%. Consumers Energy has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0458, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Consumers Energy are expected to decrease at a much lower rate. During the bear market, Consumers Energy is likely to outperform the market. Consumers Energy right now shows a risk of 1.4%. Please confirm Consumers Energy total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Consumers Energy will be following its price patterns.
Auto-correlation | 0.62 |
Good predictability
Consumers Energy has good predictability. Overlapping area represents the amount of predictability between Consumers Energy time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Consumers Energy price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Consumers Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Consumers Energy lagged returns against current returns
Autocorrelation, which is Consumers Energy preferred 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 Consumers Energy's preferred stock expected returns. We can calculate the autocorrelation of Consumers Energy returns to help us make a trade decision. For example, suppose you find that Consumers Energy has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Consumers 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 Consumers Energy preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Consumers Energy preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Consumers Energy preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Consumers Energy Lagged Returns
When evaluating Consumers Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Consumers Energy preferred stock have on its future price. Consumers 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, Consumers Energy autocorrelation shows the relationship between Consumers Energy preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Consumers Energy.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Consumers Preferred Stock
Consumers Energy financial ratios help investors to determine whether Consumers Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Consumers with respect to the benefits of owning Consumers Energy security.