As of 19 of September Progressive holds Coefficient Of Variation of (1,671) and Risk Adjusted Performance of (0.0493). Compared with Fundamental Indicators, Macroaxis technical analysis interface allows you to check existing technical drivers of Progressive as well as the relationship between them. In other words you can use this information to find out if the company will indeed mirror its model of past market data or the prices will eventually revert. We found nineteen technical drivers for Progressive which can be compared to its competitors. Please check ProgressiveVariance, Value At Risk as well as the relationship between Value At Risk and Skewness to decide if Progressive is priced some-what accurately providing market reflects its current price of 75.78 per share. Given that Progressive has Jensen Alpha of (0.13), we recommend you check out Progressive recent market performance to make sure the company can sustain itself at future point.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Normalized Average True Range is used to analyze tradable apportunities for Progressive across different markets. View also all equity analysis or get more info about normalized average true range volatility indicators indicator.
Progressive Trend Analysis
Use this graph to draw trend lines for Progressive Corporation. You can use it to identify possible trend reversals for Progressive as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Progressive price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Progressive Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Progressive Corporation applied against its price change over selected period. The best fit line has a slop of 0.15 % which may imply that the returns on investment in Progressive Corporation will continue to fail. It has 122 observation points and a regression sum of squares at 809.91, which is the sum of squared deviations for the predicted Progressive price change compared to its average price change.
Progressive September 19, 2019 Technical Indicators
Additionally take a look at Your Equity Center. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.