Firstenergy Stock Market Value

FE Stock  USD 38.46  0.67  1.77%   
FirstEnergy's market value is the price at which a share of FirstEnergy trades on a public exchange. It measures the collective expectations of FirstEnergy investors about its performance. FirstEnergy is trading at 38.46 as of the 28th of March 2024, a 1.77 percent up since the beginning of the trading day. The stock's lowest day price was 37.95.
With this module, you can estimate the performance of a buy and hold strategy of FirstEnergy and determine expected loss or profit from investing in FirstEnergy over a given investment horizon. 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.
Symbol

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.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in FirstEnergy on February 27, 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, Consolidated Edison, Hawaiian Electric, Southern, Consumers Energy, CMS Energy, and Vast Renewables. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
37.2738.4639.65
Details
Intrinsic
Valuation
LowRealHigh
37.7638.9540.14
Details
Naive
Forecast
LowNextHigh
37.6538.8440.03
Details
16 Analysts
Consensus
LowTargetHigh
36.5340.1444.56
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as FirstEnergy. Your research has to be compared to or analyzed against FirstEnergy's peers to derive any actionable benefits. When done correctly, FirstEnergy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in FirstEnergy.

FirstEnergy Backtested Returns

We consider FirstEnergy very steady. FirstEnergy secures Sharpe Ratio (or Efficiency) of 0.0865, which denotes the company had a 0.0865% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for FirstEnergy, which you can use to evaluate the volatility of the firm. Please confirm FirstEnergy's Coefficient Of Variation of 1058.33, downside deviation of 1.12, and Mean Deviation of 0.8585 to check if the risk estimate we provide is consistent with the expected return of 0.1%. FirstEnergy has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.74, which means possible diversification benefits within a given portfolio. 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 1.21%. 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

    
  0.06  

Virtually no predictability

FirstEnergy has virtually no predictability. Overlapping area represents the amount of predictability between FirstEnergy time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 0.06 indicates that barely 6.0% of current FirstEnergy price fluctuation can be explain by its past prices.
Correlation Coefficient0.06
Spearman Rank Test0.6
Residual Average0.0
Price Variance0.03

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  

FirstEnergy Investors Sentiment

The influence of FirstEnergy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in FirstEnergy. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to FirstEnergy's public news can be used to forecast risks associated with an investment in FirstEnergy. The trend in average sentiment can be used to explain how an investor holding FirstEnergy can time the market purely based on public headlines and social activities around FirstEnergy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
FirstEnergy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for FirstEnergy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average FirstEnergy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on FirstEnergy.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards FirstEnergy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, FirstEnergy's short interest history, or implied volatility extrapolated from FirstEnergy options trading.

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When determining whether FirstEnergy is a strong investment it is important to analyze FirstEnergy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact FirstEnergy's future performance. For an informed investment choice regarding FirstEnergy Stock, refer to the following important reports:
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.
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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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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.
A focus of FirstEnergy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of FirstEnergy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...