PROG Holdings Correlations

Stocks . USA . 
Stock . PROG Holdings
PRG Stock  USD 28.60  0.24  0.83%   
The current 90-days correlation between PROG Holdings and Alta Equipment Group is 0.37 (i.e., Weak diversification). The correlation of PROG Holdings 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.

PROG Holdings Correlation With Market

Very weak diversification

The correlation between PROG Holdings and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PROG Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PROG Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more detail on how to invest in PROG Stock please use our How to Invest in PROG Holdings guide.

Moving together with PROG Stock

  0.77R Ryder System Earnings Call This WeekPairCorr
  0.91AL Air LeasePairCorr
  0.88AER AerCap Holdings NVPairCorr
  0.68CAR Avis Budget GroupPairCorr
  0.76HRI Herc Holdings Earnings Call TomorrowPairCorr
  0.82MGRC McGrath RentCorp Earnings Call This WeekPairCorr
  0.72ALTG Alta Equipment GroupPairCorr
  0.78J Jacobs SolutionsPairCorr
  0.78AP Ampco PittsburghPairCorr
  0.7AZ A2Z Smart TechnologiesPairCorr
  0.84BA BoeingPairCorr
  0.66BE Bloom Energy CorpPairCorr
  0.85BV BrightView HoldingsPairCorr
  0.84BW Babcock Wilcox EnterPairCorr
  0.88CP Canadian Pacific RailwayPairCorr

Moving against PROG Stock

  0.78VSTS VestisPairCorr
  0.38HTZ Hertz Global HoldingsPairCorr
  0.62G Genpact LimitedPairCorr
  0.42HTZWW Hertz Global HldgsPairCorr

Related Correlations Analysis

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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   
PIPR
+ 0.9
ALTG
MGRC
+ 0.76
GATX
GATX
+ 0.74
ALTG
MGRC
+ 0.74
ALTG
PIPR
+ 0.73
MGRC
EPAC
+ 0.62
ATGE
  
High negative correlations   
EPAC
- 0.37
ALTG
EPAC
- 0.29
GATX
PIPR
- 0.23
EPAC
EPAC
- 0.02
MGRC

Risk-Adjusted Indicators

There is a big difference between PROG Stock performing well and PROG Holdings 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 PROG Holdings' 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.

PROG Holdings Corporate Management

Ray MartinezIndependent DirectorProfile
Trevor ThatcherChief Operations OfficerProfile
Caroline SheuIndependent DirectorProfile
Debra FioriChief Human Resource OfficerProfile
Mike GiordanoChief Commercial OfficerProfile
John CFAVice RelationsProfile
Todd KingChief SecretaryProfile
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