Progressive Stock Market Value

PGR
 Stock
  

USD 118.86  0.58  0.49%   

Progressive Corp's market value is the price at which a share of Progressive Corp stock trades on a public exchange. It measures the collective expectations of Progressive Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Progressive Corp and determine expected loss or profit from investing in Progressive Corp over a given investment horizon. Please check Progressive Corp Hype Analysis, Progressive Corp Correlation, Progressive Corp Valuation, Progressive Corp Volatility, as well as analyze Progressive Corp Alpha and Beta and Progressive Corp Performance.
Symbol


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
-0.79
Market Capitalization
69.2 B
Quarterly Revenue Growth YOY
-0.032
Return On Assets
0.0135
Return On Equity
0.0496
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.

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.
0.00
07/09/2022
No Change 0.00  0.0 
In 31 days
08/08/2022
0.00
If you would invest  0.00  in Progressive Corp on July 9, 2022 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 30 days. Progressive Corp is related to or competes with Starbucks Corp, International Business, Verizon Communications, Microsoft Corp, ATT, Exxon, and Home Depot. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Progressive Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
116.60118.36120.12
Details
Intrinsic
Valuation
LowReal ValueHigh
108.83110.59130.11
Details
11 Analysts
Consensus
LowTarget PriceHigh
82.0099.00134.00
Details
Earnings
Estimates (7)
LowProjected EPSHigh
3.453.593.66
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Progressive Corp. Your research has to be compared to or analyzed against Progressive Corp's peers to derive any actionable benefits. When done correctly, Progressive Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Progressive Corp.

Progressive Corp Backtested Returns

We consider Progressive Corp very steady. Progressive Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0914, which implies the firm had 0.0914% 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 Semi Deviation of 1.75, coefficient of variation of 1874.7, and Risk Adjusted Performance of 0.075 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%.
Progressive Corp has a performance score of 6 on a scale of 0 to 100. The company holds a Beta of 0.807, which implies possible diversification benefits within a given portfolio. Let's try to break down what Progressive's beta means in this case. As returns on the market increase, Progressive Corp returns are expected to increase less than the market. However, during the bear market, the loss on holding Progressive Corp will be expected to be smaller as well. Although it is important to respect Progressive Corp current trending patterns, it is better to be realistic regarding the information on the equity's existing price patterns. The philosophy towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Progressive Corp technical indicators, you can presently evaluate if the expected return of 0.16% will be sustainable into the future. Progressive Corp right now holds a risk of 1.75%. Please check Progressive Corp value at risk, as well as the relationship between the skewness and day median price to decide if Progressive Corp will be following its historical price patterns.

Auto-correlation

    
  -0.5  

Modest reverse predictability

Progressive Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Progressive Corp time series from 9th of July 2022 to 24th of July 2022 and 24th of July 2022 to 8th of August 2022. 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 -0.5 indicates that about 50.0% of current Progressive Corp price fluctuation can be explain by its past prices.
Correlation Coefficient-0.5
Spearman Rank Test-0.55
Residual Average0.0
Price Variance4.17

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 stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       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   
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       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   
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       Timeline  

Progressive Corp Investors Sentiment

The influence of Progressive Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Progressive. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Progressive Corp's public news can be used to forecast risks associated with investment in Progressive. The trend in average sentiment can be used to explain how an investor holding Progressive can time the market purely based on public headlines and social activities around Progressive Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Progressive Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Progressive Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Progressive Corp's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Progressive Corp.

Progressive Corp Implied Volatility

    
  59.9  
Progressive Corp's implied volatility exposes the market's sentiment of Progressive Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Progressive Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Progressive Corp stock will not fluctuate a lot when Progressive Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Progressive Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Progressive Corp's short interest history, or implied volatility extrapolated from Progressive Corp options trading.

Currently Active Assets on Macroaxis

Please check Progressive Corp Hype Analysis, Progressive Corp Correlation, Progressive Corp Valuation, Progressive Corp Volatility, as well as analyze Progressive Corp Alpha and Beta and Progressive Corp Performance. 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Progressive Stock analysis

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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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...