CMS vs LNAI: Correlation
Measured on weekly returns over the past three years, CMS Energy (CMS) and Lunai Bioworks Inc. (LNAI) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMS and LNAI?
Across a 3-year window, the weekly returns of CMS and LNAI correlate at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Stretching to 5 years gives -0.17, with an annualized covariance of -648.8 %².
By 3-year correlation, LNAI places #35 of the 42 assets tracked against CMS. Their recent paths diverged sharply: over the last 12 months CMS outperformed by 86.2 percentage points (-2.4% for CMS against -88.6% for LNAI). One caveat on sizing: LNAI is 10.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CMS vs LNAI: side by side
| CMS (CMS Energy) | LNAI (Lunai Bioworks Inc.) | |
|---|---|---|
| 1-year return | -2.4% | -88.6% |
| 5-year return | +23.8% | -99.6% |
| Volatility (ann.) | 16.2% | 169.5% |
| Beta vs S&P 500 | -0.01 | 1.43 |
| Max drawdown (3Y) | -13.2% | -99.6% |
| Market cap | $21.4B | – |
| P/E (trailing) | 20.8 | – |
| Dividend yield | 3.21% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | CMS | LNAI |
|---|---|---|
| 2022 | +0.2% | -85.9% |
| 2023 | -5.2% | +207.8% |
| 2024 | +18.6% | -73.6% |
| 2025 | +8.1% | -89.4% |
| 2026 | +0.0% | -66.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMS and LNAI good diversifiers for each other?
Yes. With a correlation of -0.24, CMS and LNAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CMS and LNAI?
As of 2026-08-27, the correlation of weekly returns between CMS and LNAI is -0.24 over 3 years, -0.25 over 1 year and -0.17 over 5 years.
Is LNAI a good diversifier for CMS?
Yes. With a correlation of -0.24, CMS and LNAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cms-vs-lnai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cms-vs-lnai/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMS correlations · LNAI correlations
