Firstenergy Stock Market Value
| FE Stock | USD 38.57 0.27 0.70% |
| Symbol | FirstEnergy |
FirstEnergy Price To Book Ratio
Is FirstEnergy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of FirstEnergy. If investors know FirstEnergy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about FirstEnergy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.196 | Dividend Share 1.58 | Earnings Share 1.96 | Revenue Per Share 22.138 | Quarterly Revenue Growth (0.01) |
The market value of FirstEnergy is measured differently than its book value, which is the value of FirstEnergy that is recorded on the company's balance sheet. Investors also form their own opinion of FirstEnergy's value that differs from its market value or its book value, called intrinsic value, which is FirstEnergy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because FirstEnergy's market value can be influenced by many factors that don't directly affect FirstEnergy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between FirstEnergy's value and its price as these two are different measures arrived at by different means. Investors typically determine if FirstEnergy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FirstEnergy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
FirstEnergy '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 FirstEnergy's 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 FirstEnergy.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in FirstEnergy on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding FirstEnergy or generate 0.0% return on investment in FirstEnergy over 30 days. FirstEnergy is related to or competes with Dominion Energy, and Consolidated Edison. FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States More
FirstEnergy 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 FirstEnergy's 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 FirstEnergy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | (0.000049) | |||
| Maximum Drawdown | 6.71 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 1.77 |
FirstEnergy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FirstEnergy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FirstEnergy's standard deviation. In reality, there are many statistical measures that can use FirstEnergy historical prices to predict the future FirstEnergy's volatility.| Risk Adjusted Performance | 0.0522 | |||
| Jensen Alpha | 0.0728 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.000052) | |||
| Treynor Ratio | 1.23 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FirstEnergy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
FirstEnergy Backtested Returns
We consider FirstEnergy very steady. FirstEnergy secures Sharpe Ratio (or Efficiency) of 0.093, which denotes the company had a 0.093% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for FirstEnergy, which you can use to evaluate the volatility of the firm. Please confirm FirstEnergy's Coefficient Of Variation of 1310.37, mean deviation of 0.8415, and Downside Deviation of 1.09 to check if the risk estimate we provide is consistent with the expected return of 0.1%. FirstEnergy has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0634, which means not very significant fluctuations relative to the market. As returns on the market increase, FirstEnergy's returns are expected to increase less than the market. However, during the bear market, the loss of holding FirstEnergy is expected to be smaller as well. FirstEnergy right now shows a risk of 1.12%. Please confirm FirstEnergy expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if FirstEnergy will be following its price patterns.
Auto-correlation | -0.51 |
Good reverse predictability
FirstEnergy has good reverse predictability. Overlapping area represents the amount of predictability between FirstEnergy time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 FirstEnergy price movement. The serial correlation of -0.51 indicates that about 51.0% of current FirstEnergy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
FirstEnergy lagged returns against current returns
Autocorrelation, which is FirstEnergy 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 FirstEnergy's stock expected returns. We can calculate the autocorrelation of FirstEnergy returns to help us make a trade decision. For example, suppose you find that FirstEnergy has exhibited high autocorrelation historically, and you observe that the 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 |
FirstEnergy 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 FirstEnergy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FirstEnergy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FirstEnergy stock over time.
Current vs Lagged Prices |
| Timeline |
FirstEnergy Lagged Returns
When evaluating FirstEnergy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FirstEnergy stock have on its future price. FirstEnergy 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, FirstEnergy autocorrelation shows the relationship between FirstEnergy stock current value and its past values and can show if there is a momentum factor associated with investing in FirstEnergy.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out FirstEnergy Correlation, FirstEnergy Volatility and FirstEnergy Alpha and Beta module to complement your research on FirstEnergy. For information on how to trade FirstEnergy Stock refer to our How to Trade FirstEnergy Stock guide.Note that the FirstEnergy information on this page should be used as a complementary analysis to other FirstEnergy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for FirstEnergy Stock analysis
When running FirstEnergy's price analysis, check to measure FirstEnergy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FirstEnergy is operating at the current time. Most of FirstEnergy's value examination focuses on studying past and present price action to predict the probability of FirstEnergy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FirstEnergy's price. Additionally, you may evaluate how the addition of FirstEnergy to your portfolios can decrease your overall portfolio volatility.
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FirstEnergy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.