Firstenergy Stock Market Value
| FE Stock | USD 42.20 0.47 1.13% |
| Symbol | FirstEnergy |
FirstEnergy Price To Book Ratio
Is Electric Utilities space 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 0.049 | Dividend Share 1.67 | Earnings Share 1.55 | Revenue Per Share 23.076 | Quarterly Revenue Growth 0.069 |
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.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in FirstEnergy on October 23, 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 CenterPoint Energy, Pinnacle West, Edison International, Public Service, American Electric, Entergy, and Southern. 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.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 3.72 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 1.13 |
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 | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.22) |
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
FirstEnergy secures Sharpe Ratio (or Efficiency) of -0.0303, which denotes the company had a -0.0303% return per unit of risk over the last 3 months. FirstEnergy exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FirstEnergy's Variance of 0.6768, standard deviation of 0.8227, and Mean Deviation of 0.6772 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.12, 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. At this point, FirstEnergy has a negative expected return of -0.0252%. Please make sure to confirm FirstEnergy's accumulation distribution, and the relationship between the potential upside and day median price , to decide if FirstEnergy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
FirstEnergy has poor reverse predictability. Overlapping area represents the amount of predictability between FirstEnergy time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 FirstEnergy price movement. The serial correlation of -0.39 indicates that just about 39.0% of current FirstEnergy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
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 |
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.Check 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.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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.