Progressive Stock Price on August 1, 2022 Breakdown

PGR
 Stock
  

USD 130.93  0.91  0.70%   

As of today, the current price of Progressive Corp is  130.93 , as last reported on the 29th of November, with the highest price reaching  131.67  and the lowest price hitting  127.60  during the day.
We consider Progressive Corp very steady. Progressive Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0624, which implies the firm had 0.0624% of return per unit of risk over the last 3 months. Our standpoint towards forecasting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Progressive Corp, which you can use to evaluate the future volatility of the company. Please check Progressive Corp Coefficient Of Variation of 2958.37, semi deviation of 1.62, and Risk Adjusted Performance of 0.0498 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%.
  
As of 11/29/2022, Net Income Common Stock is likely to grow to about 3.2 B. As of 11/29/2022, Price to Earnings Ratio is likely to grow to 16.61, while Price to Book Value is likely to drop 3.44. Progressive Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Most Recent Activity

Shares Float
582.9 M
Shares Outstanding
585 M
Shares Short Prior Month
4.3 M
Dividend Share
1.9
Earnings Share
1.42
Shares Short
3.5 M

Related Headline

Aon Plc Headline on 1st of August 2022

Filed transaction by Aon Plc officer. General open market or private sale of non-derivative or derivative security

Progressive Corp Valuation on August 1, 2022

It is possible to determine the worth of Progressive Corp on a given historical date. On August 1, 2022 Progressive was worth 114.5 at the beginning of the trading date compared to the closed value of 113.17. 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 Visa 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
  114.42    115.41    114.34    114.97    2,750,325  
08/01/2022
  114.50    115.05    112.43    113.17    2,294,003  
  112.89    115.04    112.36    113.10    3,281,314  
Backtest Progressive Corp  |  Progressive Corp History  |  Progressive Corp Valuation   PreviousNext  
Open Value 114.5
109.26
Downside
113.17
Closing Value
119.74
Upside

Progressive Corp Trading Date Momentum on August 1, 2022

On August 02 2022 Progressive Corp was traded for  113.10  at the closing time. Highest Progressive Corp's price during the trading hours was 115.04  and the lowest price during the day was  112.36 . The net volume was 3.3 M. The overall trading history on the 2nd of August contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.06% . The trading delta at closing time to current price is 7.21% .

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 historical stock prices may prove useful in developing a viable investing in Progressive Corp
Last ReportedProjected for 2022
Weighted Average Shares584.5 M653.4 M
Weighted Average Shares Diluted587.1 M657.1 M
Issuance Purchase of Equity Shares-87.1 M-93.9 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.
A focus of Progressive Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Progressive Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Progressive Corp Period Price Range

Low
August 1, 2022
High

 114.50 

  

 113.17 

-1.33-1.16%

Progressive Corp November 29, 2022 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

Progressive Corp Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Progressive stock's 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 stock 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.
Please check Your Equity Center. 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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When running Progressive Corp 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 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 YOY
0.053
Market Capitalization
76.1 B
Quarterly Revenue Growth YOY
0.078
Return On Assets
0.0131
Return On Equity
0.0514
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 Progressive Corp value 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.