Progressive Corp Stock Market Value
PGR Stock | USD 206.82 0.67 0.33% |
Symbol | Progressive |
Progressive Corp Price To Book Ratio
Is Progressive Corp'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 Progressive Corp. If investors know Progressive 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 Progressive Corp 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 1.424 | Dividend Share 1.15 | Earnings Share 6.6 | Revenue Per Share 106.142 | Quarterly Revenue Growth 0.254 |
The market value of Progressive Corp is measured differently than its book value, which is the value of Progressive that is recorded on the company's balance sheet. Investors also form their own opinion of Progressive Corp's value that differs from its market value or its book value, called intrinsic value, which is Progressive Corp'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 Progressive Corp's market value can be influenced by many factors that don't directly affect Progressive Corp'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 Progressive Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Progressive Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progressive Corp'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.
Progressive Corp '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 Progressive Corp'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 Progressive Corp.
01/29/2024 |
| 03/29/2024 |
If you would invest 0.00 in Progressive Corp on January 29, 2024 and sell it all today you would earn a total of 0.00 from holding Progressive Corp or generate 0.0% return on investment in Progressive Corp over 60 days. Progressive Corp is related to or competes with Caterpillar, Microsoft, Chevron Corp, 3M, and Merck. The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential a... More
Progressive Corp 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 Progressive Corp'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 Progressive Corp upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.6086 | |||
Information Ratio | 0.2876 | |||
Maximum Drawdown | 6.01 | |||
Value At Risk | (0.91) | |||
Potential Upside | 1.63 |
Progressive Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Progressive Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Progressive Corp's standard deviation. In reality, there are many statistical measures that can use Progressive Corp historical prices to predict the future Progressive Corp's volatility.Risk Adjusted Performance | 0.2389 | |||
Jensen Alpha | 0.4053 | |||
Total Risk Alpha | 0.188 | |||
Sortino Ratio | 0.4744 | |||
Treynor Ratio | 6.18 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Progressive Corp'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.
Progressive Corp Backtested Returns
Progressive Corp appears to be very steady, given 3 months investment horizon. Progressive Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.41, which implies the firm had a 0.41% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Progressive Corp, which you can use to evaluate the volatility of the company. Please evaluate Progressive Corp's Risk Adjusted Performance of 0.2389, standard deviation of 1.0, and Downside Deviation of 0.6086 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Progressive Corp holds a performance score of 31. The company holds a Beta of 0.0669, which implies not very significant fluctuations relative to the market. As returns on the market increase, Progressive Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Progressive Corp is expected to be smaller as well. Please check Progressive Corp's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Progressive Corp's historical price patterns will revert.
Auto-correlation | 0.91 |
Excellent predictability
Progressive Corp has excellent predictability. Overlapping area represents the amount of predictability between Progressive Corp time series from 29th of January 2024 to 28th of February 2024 and 28th of February 2024 to 29th 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 Progressive Corp price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Progressive Corp price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.91 | |
Spearman Rank Test | 0.88 | |
Residual Average | 0.0 | |
Price Variance | 41.85 |
Progressive Corp lagged returns against current returns
Autocorrelation, which is Progressive Corp 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 Progressive Corp's stock expected returns. We can calculate the autocorrelation of Progressive Corp returns to help us make a trade decision. For example, suppose you find that Progressive Corp 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 |
Progressive Corp 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 Progressive Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Progressive Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Progressive Corp stock over time.
Current vs Lagged Prices |
Timeline |
Progressive Corp Lagged Returns
When evaluating Progressive Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Progressive Corp stock have on its future price. Progressive Corp 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, Progressive Corp autocorrelation shows the relationship between Progressive Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Progressive Corp.
Regressed Prices |
Timeline |
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Check out Progressive Corp Correlation, Progressive Corp Volatility and Progressive Corp Alpha and Beta module to complement your research on Progressive Corp. To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.Note that the Progressive Corp information on this page should be used as a complementary analysis to other Progressive Corp'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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Progressive Stock analysis
When running Progressive Corp's price analysis, check to measure Progressive Corp'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 Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.
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Progressive Corp 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.