Progressive Story

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PGR -- USA Stock  

USD 94.14  0.48  0.51%

Progressive is generating 0.2659% of daily returns assuming volatility of 1.5002% on return distribution over 60 days investment horizon. Since many greedy investors are excited about financial services space, let's sum up Progressive against its current volatility. We will discuss why some retail investors are closely monitoring Progressive's volatility. Progressive's very low volatility may have no significant impact on the stock's value as we estimate Progressive as currently fairly valued. The real value, based on our calculations, is getting close to 100.07 per share.
Published over a month ago
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What is October outlook for Progressive (NYSE:PGR) given current volatility levels?
The company has 5.58 B in debt with debt to equity (D/E) ratio of 0.33, which is OK given its current industry classification. Progressive has a current ratio of 0.44, suggesting that it has not enough short term capital to pay financial commitments when the payables are due.
Volatility is a rate at which the price of Progressive or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Progressive may increase or decrease. In other words, similar to Progressive's beta indicator, it measures the risk of Progressive and helps estimate the fluctuations that may happen in a short period of time. So if prices of Progressive fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.

How important is Progressive's Liquidity

Progressive financial leverage refers to using borrowed capital as a funding source to finance Progressive ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Progressive financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Progressive's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Progressive, but it might be worth checking our own buy vs. sell analysis

Progressive Volatility Drivers

Progressive unsystematic risk is unique to Progressive and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Progressive you can also buy Prudential Financial. You can also mitigate this risk by investing in the insurance?property & casualty sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Progressive important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Progressive income statement and balance sheet. Here are more details about Progressive volatility.
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