Progressive Corp Stock Price on July 11, 2024
| PGR Stock | USD 208.03 2.04 0.97% |
Below is the normalized historical share price chart for Progressive Corp extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Progressive Corp stands at 208.03, as last reported on the 27th of April, with the highest price reaching 209.91 and the lowest price hitting 205.50 during the day.
If you're considering investing in Progressive Stock, it is important to understand the factors that can impact its price. Progressive Corp appears to be very steady, given 3 months investment horizon. Progressive Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.25, which implies the firm had a 0.25% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Progressive Corp, which you can use to evaluate the volatility of the company. Please evaluate Progressive Corp's Semi Deviation of 0.5353, risk adjusted performance of 0.1815, and Coefficient Of Variation of 352.61 to confirm if our risk estimates are consistent with your expectations.
At this time, Progressive Corp's Total Stockholder Equity is relatively stable compared to the past year. As of 04/27/2024, Common Stock Shares Outstanding is likely to grow to about 620.5 M, while Common Stock Total Equity is likely to drop slightly above 445.3 M. . As of 04/27/2024, Price Earnings To Growth Ratio is likely to grow to 0.06, while Price To Sales Ratio is likely to drop 1.49. Progressive Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 9th of July 1986 | 200 Day MA 163.2717 | 50 Day MA 201.6952 | Beta 0.346 |
Progressive |
Sharpe Ratio = 0.2487
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Estimated Market Risk
| 1.03 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.26 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Progressive Corp is performing at about 19% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Progressive Corp by adding it to a well-diversified portfolio.
Price Book 6.0366 | Enterprise Value Ebitda 21.8519 | Price Sales 1.8367 | Shares Float 583.2 M | Dividend Share 1.15 |
Progressive Corp Valuation on July 11, 2024
It is possible to determine the worth of Progressive Corp on a given historical date. On July 11, 2024 Progressive was worth 209.01 at the beginning of the trading date compared to the closed value of 208.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Progressive Corp stock. Still, in general, we apply an absolute valuation method to find Progressive Corp's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Progressive Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Progressive Corp's related companies.
| Open | High | Low | Close | Volume | |
| 212.14 | 212.31 | 209.08 | 210.07 | 1,882,538 | |
04/26/2024 | 209.01 | 209.91 | 205.50 | 208.03 | 2,628,745 |
| Backtest Progressive Corp | | | Progressive Corp History | | | Progressive Corp Valuation | Previous |
Progressive Corp Trading Date Momentum on July 11, 2024
| On April 26 2024 Progressive Corp was traded for 208.03 at the closing time. Highest Progressive Corp's price during the trading hours was 209.91 and the lowest price during the day was 205.50 . The net volume was 2.6 M. The overall trading history on the 26th of April did not cause price change. The trading delta at closing time to current price is 0.47% . |
Progressive Corp Fundamentals Correlations and Trends
By evaluating Progressive Corp's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Progressive Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Progressive financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Progressive Corp Stock history
Progressive Corp investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Progressive is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Progressive Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Progressive Corp stock prices may prove useful in developing a viable investing in Progressive Corp
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 587.5 M | 620.5 M | |
| Net Income Applicable To Common Shares | 798.8 M | 758.9 M |
Progressive Corp Stock Technical Analysis
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.
Price Boundaries
Progressive Corp Period Price Range
Low | April 26, 2024
| High |
209.01 | 208.03 |
Progressive Corp April 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Progressive Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Progressive Corp shares will generate the highest return on investment. By undertsting and applying Progressive Corp stock market strength indicators, traders can identify Progressive Corp entry and exit signals to maximize returns
| Accumulation Distribution | 55227.31 | |||
| Daily Balance Of Power | (0.22) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 207.71 | |||
| Day Typical Price | 207.81 | |||
| Price Action Indicator | (0.16) | |||
| Period Momentum Indicator | (0.98) |
Progressive Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Progressive Corp's price direction in advance. Along with the technical and fundamental analysis of Progressive Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Progressive to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1815 | |||
| Jensen Alpha | 0.2904 | |||
| Total Risk Alpha | 0.1698 | |||
| Sortino Ratio | 0.2491 | |||
| Treynor Ratio | 0.9973 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progressive Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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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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 4.253 | Dividend Share 1.15 | Earnings Share 9.77 | Revenue Per Share 111.143 | Quarterly Revenue Growth 0.206 |
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.