Progressive Corp Correlations

PGR Stock

USD 266.86 0.00 0.00%

The current 90-days correlation between Progressive Corp and The Travelers Companies is 0.37 (i.e., Weak diversification). The correlation of Progressive Corp 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Progressive Corp Correlation With Market

Very weak diversification

The correlation between Progressive Corp and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Progressive Corp and DJI in the same portfolio, assuming nothing else is changed.

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 closely tied 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.

Moving together with Progressive Stock

0.84	AFG	American Financial	Pair Corr
0.74	AIZ	Assurant	Pair Corr
0.78	ALL	Allstate	Pair Corr
0.65	HIG	Hartford Financial	Pair Corr
0.73	MKL	Markel	Pair Corr
0.69	ORI	Old Republic Interna Fiscal Year End 23rd of January 2025	Pair Corr
0.64	RLI	RLI Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.65	STC	Stewart Information	Pair Corr
0.67	THG	Hanover Insurance	Pair Corr
0.66	UVE	Universal Insurance	Pair Corr
0.62	LMND	Lemonade	Pair Corr
0.73	PLMR	Palomar Holdings	Pair Corr

Related Correlations Analysis

	TRV	CB	CINF	WRB	ALL	RLI	WTM	WRB-PE	KNSL
TRV		0.31	0.82	0.68	0.76	0.8	0.71	-0.08	0.03	TRV
CB	0.31		-0.07	0.09	0.33	-0.04	-0.09	0.33	0.1	CB
CINF	0.82	-0.07		0.81	0.82	0.95	0.87	-0.31	0.29	CINF
WRB	0.68	0.09	0.81		0.79	0.82	0.9	-0.51	0.59	WRB
ALL	0.76	0.33	0.82	0.79		0.85	0.73	-0.13	0.51	ALL
RLI	0.8	-0.04	0.95	0.82	0.85		0.89	-0.31	0.41	RLI
WTM	0.71	-0.09	0.87	0.9	0.73	0.89		-0.55	0.47	WTM
WRB-PE	-0.08	0.33	-0.31	-0.51	-0.13	-0.31	-0.55		-0.4	WRB-PE
KNSL	0.03	0.1	0.29	0.59	0.51	0.41	0.47	-0.4		KNSL
	TRV	CB	CINF	WRB	ALL	RLI	WTM	WRB-PE	KNSL

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RLI	+ 0.95	CINF
WTM	+ 0.9	WRB
WTM	+ 0.89	RLI
WTM	+ 0.87	CINF
RLI	+ 0.85	ALL
CINF	+ 0.82	TRV

High negative correlations

WRB-PE	- 0.55	WTM
WRB-PE	- 0.51	WRB
KNSL	- 0.4	WRB-PE
WRB-PE	- 0.31	RLI
WRB-PE	- 0.31	CINF
WRB-PE	- 0.13	ALL

Risk-Adjusted Indicators

There is a big difference between Progressive Stock performing well and Progressive Corp 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 Progressive Corp'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
TRV	1.08	0.15	0.11	0.27	1.17	(1.26)	1.93	(2.17)	11.31
CB	0.83	0.00	(0.04)	0.12	1.19	(0.82)	1.49	(1.78)	6.25
CINF	1.00	0.14	0.12	0.24	1.05	(1.10)	2.20	(1.75)	8.34
WRB	1.04	0.04	0.02	0.17	1.40	(1.02)	2.03	(2.36)	7.07
ALL	0.96	0.10	0.05	0.24	1.18	(1.01)	2.02	(1.69)	6.34
RLI	0.85	0.14	0.10	0.26	1.17	(0.95)	1.76	(1.82)	7.01
WTM	0.99	0.05	0.05	0.16	0.99	(1.12)	2.38	(1.73)	7.13
WRB-PE	0.43	(0.02)	0.00	(0.31)	0.00	0.00	0.80	(0.88)	2.09
KNSL	1.39	(0.10)	(0.01)	0.06	2.00	(1.46)	2.57	(2.96)	9.90

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