Progressive Technical Analysis

PGR -- USA Stock  

Fiscal Quarter End: December 31, 2019  

As of the 10th of December Progressive holds Risk Adjusted Performance of (0.022721) and Coefficient Of Variation of (2,115). 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 Progressive Variance, 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 72.98 per share. Given that Progressive has Jensen Alpha of (0.12), we recommend you check out Progressive recent market performance to make sure the company can sustain itself at future point.
Target PriceAdvice# of Analysts
Progressive Corporation current and past analyst recommendations published by number of research institutions as well as average analyst consensus
Progressive Analyst Advice  
Horizon     30 Days    Login   to change

Progressive Technical Analysis

Time Period
  Portfolio Suggestion    
Execute Indicator
The output start index for this execution was twelve with a total number of output elements of fourty-nine. 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   0.08  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 233.96, which is the sum of squared deviations for the predicted Progressive price change compared to its average price change.

Progressive December 10, 2019 Technical Indicators

Progressive December 10, 2019 Daily Price Condition

Additionally take a look at Your Equity Center. Please also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.