Progressive Stock Story

PGR
 Stock
  

USD 119.42  0.93  0.78%   

14% of stocks are less volatile than Progressive, and above 99% of all equities are expected to generate higher returns over the next 90 days. Although many risk-takers are getting more into financial services space, some of us are not very happy with Progressive Corp's current volatility. We will discuss why it could be a different year for Progressive Corp shareholders.
Published over a month ago
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Is Progressive Corp (NYSE:PGR) low volatility a good sign for retail investors?

Progressive Corp runs under Financial Services sector within Insurance—Property & Casualty industry.
Volatility is a rate at which the price of Progressive Corp 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 Corp may increase or decrease. In other words, similar to Progressive's beta indicator, it measures the risk of Progressive Corp and helps estimate the fluctuations that may happen in a short period of time. So if prices of Progressive Corp 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 Corp's Liquidity

Progressive Corp financial leverage refers to using borrowed capital as a funding source to finance Progressive Corp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Progressive Corp 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 Corp'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 Corp, but it might be worth checking our own buy vs. sell analysis

Progressive Corp Volatility Drivers

Progressive Corp unsystematic risk is unique to Progressive Corp 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 Corp you can also buy 3M Company. 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 Corp 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 Corp income statement and balance sheet. Here are more details about Progressive volatility.
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