FirstEnergy Correlations

FE Stock

USD 51.16 0.52 1.03%

The current 90-days correlation between FirstEnergy and CenterPoint Energy is 0.75 (i.e., Poor diversification). The correlation of FirstEnergy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

FirstEnergy Correlation With Market

Weak diversification

The correlation between FirstEnergy and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FirstEnergy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FirstEnergy Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FirstEnergy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

For information on how to trade FirstEnergy Stock refer to our How to Trade FirstEnergy Stock guide.

Moving together with FirstEnergy Stock

0.78	ES	Eversource Energy	Pair Corr
0.68	HE	Hawaiian Electric Sell-off Trend	Pair Corr
0.79	GZF	Engie SA	Pair Corr
0.95	SO	Southern	Pair Corr
0.84	BIP-UN	Brookfield Infrastructure	Pair Corr
0.74	ENAA	ENDESA ADR 12	Pair Corr
0.67	MVV1	MVV Energie AG	Pair Corr
0.86	ELPC	Companhia Paranaense	Pair Corr
0.98	EVRG	Evergy	Pair Corr
0.76	CLP1	CLP HLDGS LTD	Pair Corr
0.76	ENA	Endesa SA	Pair Corr
0.7	ENL	Enel SpA	Pair Corr
0.96	AEP	American Electric Power	Pair Corr
0.86	CIG	Companhia Energetica	Pair Corr
0.82	DTW	DTE Energy	Pair Corr
0.93	DUK	Duke Energy	Pair Corr
0.66	EAI	Entergy Arkansas LLC	Pair Corr
0.88	EIX	Edison International	Pair Corr
0.73	ELC	Entergy Louisiana LLC	Pair Corr
0.81	EMA	Emera Incorporated	Pair Corr
0.7	EMP	Entergy Mississippi LLC	Pair Corr
0.95	ETR	Entergy	Pair Corr
0.84	EXC	Exelon	Pair Corr
0.92	FTS	Fortis Inc	Pair Corr
0.82	SCTA	SSE PLC ADR	Pair Corr
0.95	IDA	IDACORP	Pair Corr
0.94	FTS	Fortis Inc	Pair Corr
0.82	KEP	Korea Electric Power	Pair Corr

Moving against FirstEnergy Stock

0.66	VGAS	Verde Clean Fuels	Pair Corr
0.6	CEG	Constellation Energy Corp	Pair Corr
0.43	EDN	Empresa Distribuidora Earnings Call This Week	Pair Corr
0.37	RNWWW	ReNew Energy Global	Pair Corr
0.6	PAM	Pampa Energia SA Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CNP	PNW	EIX	PEG	AEP	ETR	SO	XEL	DUK	D
CNP		0.95	0.92	0.9	0.97	0.97	0.97	0.86	0.94	0.93	CNP
PNW	0.95		0.94	0.81	0.9	0.94	0.92	0.73	0.85	0.9	PNW
EIX	0.92	0.94		0.84	0.88	0.94	0.9	0.68	0.82	0.83	EIX
PEG	0.9	0.81	0.84		0.9	0.91	0.87	0.8	0.87	0.87	PEG
AEP	0.97	0.9	0.88	0.9		0.96	0.96	0.93	0.96	0.89	AEP
ETR	0.97	0.94	0.94	0.91	0.96		0.94	0.84	0.9	0.91	ETR
SO	0.97	0.92	0.9	0.87	0.96	0.94		0.88	0.93	0.88	SO
XEL	0.86	0.73	0.68	0.8	0.93	0.84	0.88		0.9	0.77	XEL
DUK	0.94	0.85	0.82	0.87	0.96	0.9	0.93	0.9		0.87	DUK
D	0.93	0.9	0.83	0.87	0.89	0.91	0.88	0.77	0.87		D
	CNP	PNW	EIX	PEG	AEP	ETR	SO	XEL	DUK	D

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between FirstEnergy Stock performing well and FirstEnergy Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze FirstEnergy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CNP	0.80	0.14	0.02	(0.93)	0.87	(0.87)	1.91	(1.68)	3.77
PNW	0.81	0.19	0.07	(1.00)	0.70	(0.89)	2.10	(1.36)	3.83
EIX	1.18	0.39	0.18	4.29	1.24	(1.33)	3.01	(2.41)	6.29
PEG	0.84	0.10	(0.01)	(6.00)	1.08	(0.88)	1.73	(2.04)	5.47
AEP	0.79	0.17	0.03	(0.66)	0.88	(0.79)	1.98	(1.54)	5.70
ETR	0.91	0.16	0.07	0.71	1.06	(0.97)	1.91	(1.96)	5.01
SO	0.85	0.17	0.02	(0.52)	0.96	(0.88)	1.87	(1.84)	5.19
XEL	0.88	0.10	(0.02)	(0.65)	1.16	(0.85)	1.68	(1.88)	4.63
DUK	0.74	0.10	(0.02)	(1.33)	0.96	(0.72)	1.58	(1.39)	3.80
D	0.96	0.07	(0.03)	0.90	1.22	(0.99)	2.08	(2.62)	5.71

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC