FirstEnergy Variance
| FE Stock | | | USD 49.41 -0.21 -0.42% |
Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean. Below is FirstEnergy's current Variance with peer comparisons and related risk metrics.
Current Variance Value
With Variance at 1.02, FirstEnergy shows moderate price variability. This places FirstEnergy within the typical volatility range for Electric Utilities.
Variance | = | SUM(RET DEV)2N |
| = | 1.02 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
FirstEnergy falls below the 1.47 peer average for Variance. Edison International leads at 2.59 while Duke Energy registers the lowest at 0.9913. FirstEnergy has exhibited less price dispersion than the peer average over the measured period.
Variance Relative To Other Indicators
The chart below plots Variance against Maximum Drawdown for FirstEnergy and its peers. Each point represents one equity — position along the horizontal axis shows Variance while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
With Variance at
1.02 and Maximum Drawdown at
4.89 , FirstEnergy shows a
4.80 -to-one ratio between these indicators. This indicates Maximum Drawdown is significantly higher than Variance for FirstEnergy.
Methodology, Assumptions & Data Sources
FirstEnergy has a current Variance reading of 1.02. FirstEnergy's Variance is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. FirstEnergy operates in the utilities sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The output reflects the selected calculation window — changing the horizon will produce different readings. This stock metric is provided for analytical reference.
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