Progressive Stock Performance

PGR
 Stock
  

USD 118.81  2.54  2.18%   

Progressive Corp has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.8359, 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 0.0583% will be sustainable into the future. Progressive Corp right now holds a risk of 1.88%. 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.
  
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Progressive Performance
2 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Progressive Corp are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Even with relatively invariable technical and fundamental indicators, Progressive Corp is not utilizing all of its potentials. The new stock price agitation, may contribute to short-term losses for the retail investors. ...more

Structure and Payout Changes

Forward Annual Dividend Yield
0.0035
Payout Ratio
0.63
Last Split Factor
4:1
Forward Annual Dividend Rate
0.4
Dividend Date
2022-07-15
Ex Dividend Date
2022-07-06
Last Split Date
2006-05-19

Progressive Price Channel

Quick Ratio0.22
Fifty Two Week Low89.35
Target High Price136.00
Fifty Two Week High121.36
Payout Ratio51.77%
Trailing Annual Dividend Yield4.31%
Target Low Price88.00

Progressive Corp Relative Risk vs. Return Landscape

If you would invest  11,400  in Progressive Corp on April 2, 2022 and sell it today you would earn a total of  293.00  from holding Progressive Corp or generate 2.57% return on investment over 90 days. Progressive Corp is generating 0.0583% of daily returns assuming volatility of 1.8826% on return distribution over 90 days investment horizon. In other words, 16% of stocks are less volatile than Progressive, and above 99% of all equities are expected to generate higher returns over the next 90 days.
 Daily Expected Return (%) 
      Risk (%) 
Considering the 90-day investment horizon Progressive Corp is expected to generate 1.3 times more return on investment than the market. However, the company is 1.3 times more volatile than its market benchmark. It trades about 0.03 of its potential returns per unit of risk. The DOW is currently generating roughly -0.14 per unit of risk.

Progressive Corp Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Progressive Corp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Progressive Corp, and traders can use it to determine the average amount a Progressive Corp's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.031

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Estimated Market Risk
 1.88
  actual daily
 
 16 %
of total potential
 
1616
Expected Return
 0.06
  actual daily
 
 1 %
of total potential
 
11
Risk-Adjusted Return
 0.03
  actual daily
 
 2 %
of total potential
 
22
Based on monthly moving average Progressive Corp is performing at about 2% 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.

About Progressive Corp Performance

To evaluate Progressive Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Progressive Corp generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Progressive Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Progressive Corp stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Progressive's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Effect of Exchange Rate Changes on Cash-270 K-277.1 K
Return on Average Assets 4.96  4.88 
Return on Average Equity 19.00  18.90 
Return on Invested Capital 0.06  0.06 
Return on Sales 0.09  0.09 
The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio. Progressive Corp operates under InsuranceProperty Casualty classification in the United States and is traded on New York Stock Exchange. It employs 49077 people.

Things to note about Progressive Corp

Checking the ongoing alerts about Progressive Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Progressive Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Progressive Corp Alerts

Equity Alerts and Improvement Suggestions

The company has 6.39 B in debt with debt to equity (D/E) ratio of 0.37, which is OK given its current industry classification. Progressive Corp has a current ratio of 0.31, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Progressive Corp until it has trouble settling it off, either with new capital or with free cash flow. So, Progressive Corp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Progressive Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Progressive to invest in growth at high rates of return. When we think about Progressive Corp's use of debt, we should always consider it together with cash and equity.
Progressive Corp has a poor financial position based on the latest SEC disclosures
Over 86.0% of Progressive Corp shares are owned by institutional investors
Latest headline from www.fool.com: Progressives Investments Have Lost 1 Billion Should Investors Be Concerned - The Motley Fool
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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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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
-0.79
Market Capitalization
68 B
Quarterly Revenue Growth YOY
0.035
Return On Assets
0.0265
Return On Equity
0.13
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.