Progressive Story

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PGR -- USA Stock  

USD 99.42  0.13  0.13%

My story will sum up Progressive Corp. We will analyze why it could be a much better year for Progressive Corp shareholders. On the 17th of March 2021 the company is traded for 93.37. Progressive Corp has historical hype elasticity of -0.01. The average price elasticity to hype of competition is about -0.04. The entity is forecasted to decline in value after the next headline, with the price expected to drop to 93.36. The average volatility of media hype impact on Progressive Corp stock price is huge, making predictions on the news or social media along less reliable. The price depreciation on the next news is expected to be -0.01%, whereas the daily expected return is at this time at -0.04 percent. The volatility of related hype on Progressive Corp is about 138.6% with expected price after next announcement by competition of 93.33 Considering the 30-day investment horizon the next forecasted press release will be in about 10 days.
Published over a month ago
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Do you have a personal attachment to Progressive Corp?
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Progressive Corp has an asset utilization ratio of 142.99 percent. This connotes that the company is making $1.43 for each dollar of assets. An increasing asset utilization means that Progressive Corp is more efficient with each dollar of assets it utilizes for everyday operations.
About 84.0% of the company shares are owned by institutional investors. The book value of Progressive Corp was at this time reported as 28.27. Progressive Corp recorded earning per share (EPS) of 9.66. The entity last dividend was issued on the 6th of April 2021. The firm had 1:1 split on the 27th of January 2014.
The successful prediction of Progressive Corp stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Progressive Corp, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Progressive Corp based on Progressive Corp hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Progressive Corp's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Progressive Corp's related companies.

Use Technical Analysis to project Progressive expected Price

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.
A focus of Progressive Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Progressive Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

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 Corp, but it might be worth checking our own buy vs. sell analysis

What is driving Progressive Corp Investor Appetite?

The company reported the last year's revenue of 42.64 B. Total Income to common stockholders was 5.68 B with profit before taxes, overhead, and interest of 8.67 B.

Deferred Revenue Breakdown

Progressive Corp Deferred Revenue yearly trend continues to be relatively stable with very little volatility. Deferred Revenue is likely to drop to about 10.1 B. Deferred Revenue usually refers to a component of Total Liabilities representing the carrying amount of consideration received or receivable on potential earnings that were not recognized as revenue; including sales; license fees; and royalties; but excluding interest income. Progressive Corp Deferred Revenue is relatively stable at the moment as compared to the past year. Progressive Corp reported last year Deferred Revenue of 12.29 Billion
20135.17 Billion
20145.44 Billion
20156.62 Billion
20167.47 Billion
20178.9 Billion
201810.69 Billion
202012.29 Billion
202110.08 Billion

Progressive Corp has 79 percent chance to finish below $95 next week

Progressive Corp latest downside variance advances over 2.6.
As of the 17th of March 2021, Progressive Corp holds the Coefficient Of Variation of 2640.93, semi deviation of 1.54, and Risk Adjusted Performance of 0.0357. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Progressive Corp, as well as the relationship between them. Put it differently, 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 were able to analyze and collect data for nineteen technical drivers for Progressive Corp, which can be compared to its competitors. Please check Progressive Corp variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Progressive Corp is priced some-what accurately, providing market reflects its current price of 93.37 per share. Given that Progressive Corp has jensen alpha of 0.0151, we recommend you to check out Progressive Corp's recent market performance to make sure the company can sustain itself at a future point.

Our Final Takeaway

When is the right time to buy or sell Progressive Corp? Buying stocks such as Progressive Corp isn't very hard. However, what challenging for most investors is doing it at the right time. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities, deliver winning trades and diversify portfolios on a daily basis.
While some retail investors may not share our view we believe that the current risk-reward utility is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Progressive Corp.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Progressive Corp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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