Progressive Stock Alpha and Beta Analysis

PGR
 Stock
  

USD 121.77  1.31  1.09%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Progressive Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Progressive Corp over a specified time horizon. Remember, high Progressive Corp's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please check Progressive Corp Backtesting, Progressive Corp Valuation, Progressive Corp Correlation, Progressive Corp Hype Analysis, Progressive Corp Volatility, Progressive Corp History and analyze Progressive Corp Performance.
  
Please note that although Progressive Corp alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Progressive Corp did 0.13  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Progressive Corp stock's relative risk over its benchmark. Progressive Corp has a beta of 0.77  . 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.
As of 08/13/2022, Book Value per Share is likely to drop to 18.18. In addition to that, Enterprise Value over EBIT is likely to drop to 13.52.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Enterprise Value

35.94 Billion

Progressive Corp Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Progressive Corp market risk premium is the additional return an investor will receive from holding Progressive Corp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Progressive Corp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Progressive Corp's performance over market.
α0.13   β0.77
90 days against DJI

Progressive Corp expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Progressive Corp's Buy-and-hold return. Our buy-and-hold chart shows how Progressive Corp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Progressive Corp Market Price Analysis

Market price analysis 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 understating and applying Progressive Corp stock market price indicators, traders can identify Progressive Corp position entry and exit signals to maximize returns.

Progressive Corp Return and Market Media

The median price of Progressive Corp for the period between Sun, May 15, 2022 and Sat, Aug 13, 2022 is 114.75 with a coefficient of variation of 3.4. The daily time series for the period is distributed with a sample standard deviation of 3.91, arithmetic mean of 114.87, and mean deviation of 3.37. The Stock received a lot of media exposure during the period.
 Price Growth (%)  
       Timeline  
1
Progressive Corp. stock outperforms competitors on strong tr...05/24/2022
2
Sale by Daniel Mascaro of 558 shares of Progressive Corp05/25/2022
3
The Zacks Analyst Blog Highlights IBM, Goldman Sachs, Diageo...06/01/2022
4
The Zacks Analyst Blog Highlights Exxon Mobil, Coca-Cola, Th...06/13/2022
5
Progressive Announces Quarterly Common Share Dividend, Share...06/27/2022
6
EPS Estimate06/30/2022
7
Exercise or conversion by Barbara Snyder of 4892 shares of P...07/05/2022
8
MEADOW CREEK WEALTH ADVISORS LLC Buys 3, Sells 2 in 2nd Quar...07/12/2022
9
EPS Reported07/15/2022
10
Progressive Too Pricey For Uncertain Dividend Yields - Seeki...07/20/2022
11
2022-07-27 NYSEPGR Press Release Progressive Corporation - S...07/27/2022
12
Top 5 2nd Quarter Trades of FIRST BUSINESS FINANCIAL SERVICE...08/02/2022
13
EPS Estimate08/10/2022
14
Generac Holdings Returns On Capital Are Heading Higher - Nas...08/11/2022

About Progressive Corp Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Progressive Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2019 2020 2021 2022 (projected)
PPandE Turnover33.2836.6842.5345.88
Calculated Tax Rate22.8720.4720.4126.48

Progressive Corp Upcoming Company Events

As portrayed in its financial statements, the presentation of Progressive Corp's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Progressive Corp's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Progressive Corp's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Progressive Corp. Please utilize our Beneish M Score to check the likelihood of Progressive Corp's management manipulating its earnings.
Upcoming Quarterly Report26th of January 2022
Next Financial Report21st of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End26th of January 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

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Please check Progressive Corp Backtesting, Progressive Corp Valuation, Progressive Corp Correlation, Progressive Corp Hype Analysis, Progressive Corp Volatility, Progressive Corp History and analyze 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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...