Progressive Corp Stock Alpha and Beta Analysis
| PGR Stock | USD 209.75 0.63 0.30% |
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. Key technical indicators related to Progressive Corp's market risk premium analysis include:
Beta 0.0507 | Alpha 0.33 | Risk 1.12 | Sharpe Ratio 0.3 | Expected Return 0.34 |
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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.
Progressive |
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.| α | 0.33 | β | 0.05 |
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 Sat, Jan 20, 2024 and Fri, Apr 19, 2024 is 192.09 with a coefficient of variation of 6.75. The daily time series for the period is distributed with a sample standard deviation of 13.02, arithmetic mean of 193.01, and mean deviation of 11.29. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
| Progressive Corp dividend paid on 26th of January 2024 | 01/26/2024 |
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| Progressive Corp dividend paid on 12th of April 2024 | 04/12/2024 |
8 | Progressive First Quarter 2024 Earnings Beats Expectations | 04/15/2024 |
9 | Ohio panel approves ban on youth transgender surgeries The Wake Up for Tuesday, April 16, 2024 | 04/16/2024 |
10 | Marsh McLennan Q1 Earnings Beat on Strong EMEA Unit | 04/18/2024 |
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 financial instruments including Progressive or other stocks. 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.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0629 | 0.003441 | 0.00298 | 0.002831 | Price To Sales Ratio | 1.26 | 1.53 | 1.5 | 1.49 |
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.
| 11th of April 2024 Upcoming Quarterly Report | View | |
| 11th of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 22nd of January 2025 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 31st of December 2023 Last Financial Announcement | View |
Build Portfolio with Progressive Corp
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Progressive Corp Backtesting, Progressive Corp Valuation, Progressive Corp Correlation, Progressive Corp Hype Analysis, Progressive Corp Volatility, Progressive Corp History and analyze Progressive Corp Performance. To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.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 the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Progressive Stock analysis
When running Progressive Corp's 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 the 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.