Progressive Risk Analysis And Volatility

PGR -- USA Stock  

USD 74.02  0.62  0.84%

Macroaxis considers Progressive to be not too volatile. Progressive maintains Sharpe Ratio (i.e. Efficiency) of -0.091 which implies the corporation had -0.091% of return per unit of risk over the last 3 months. Macroaxis philosophy towards forecasting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Progressive exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Progressive Risk Adjusted Performance of (0.08) and Coefficient Of Variation of (1,095) to confirm risk estimate we provide.
Interest Expense

90 Days Market Risk

Not too volatile

Chance of Distress in 24 months

90 Days Economic Sensitivity

Slowly supersedes market
Horizon     30 Days    Login   to change

Progressive Market Sensitivity

As returns on market increase, Progressive returns are expected to increase less than the market. However during bear market, the loss on holding Progressive will be expected to be smaller as well.
3 Months Beta |Analyze Progressive Demand Trend
Check current 30 days Progressive correlation with market (DOW)
β = 0.459

Progressive Central Daily Price Deviation

Progressive Technical Analysis

The output start index for this execution was zero with a total number of output elements of sixty-one. Progressive Typical Price indicator is an average of each day price and can be used instead of closing price when creating different Progressive moving average lines. View also all equity analysis or get more info about typical price price transform indicator.

Progressive Projected Return Density Against Market

Considering 30-days investment horizon, Progressive has beta of 0.459 . This implies as returns on market go up, Progressive average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Progressive Corporation will be expected to be much smaller as well. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Progressive is significantly underperforming DOW.
 Predicted Return Density 
Considering 30-days investment horizon, the coefficient of variation of Progressive is -1099.37. The daily returns are destributed with a variance of 2.47 and standard deviation of 1.57. The mean deviation of Progressive Corporation is currently at 1.12. For similar time horizon, the selected benchmark (DOW) has volatility of 0.88
Alpha over DOW
Beta against DOW=0.46
Overall volatility
Information ratio =0.12

Progressive Return Volatility

the enterprise has volatility of 1.5726% on return distribution over 30 days investment horizon. the entity inherits 0.9085% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 

Progressive Investment Opportunity

Progressive Corporation has a volatility of 1.57 and is 1.73 times more volatile than DOW. 14% of all equities and portfolios are less risky than Progressive. Compared to the overall equity markets, volatility of historical daily returns of Progressive Corporation is lower than 14 (%) of all global equities and portfolios over the last 30 days. Use Progressive Corporation to enhance returns of your portfolios. The stock experiences moderate upward volatility. Check odds of Progressive to be traded at $81.42 in 30 days. . As returns on market increase, Progressive returns are expected to increase less than the market. However during bear market, the loss on holding Progressive will be expected to be smaller as well.

Progressive correlation with market

correlation synergy
Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding Progressive Corp. and equity matching DJI index in the same portfolio.

Progressive Current Risk Indicators

Progressive Suggested Diversification Pairs

Additionally take a look at Your Equity Center. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.