By analyzing existing technical and fundamental indicators between Progress Software and Snowflake, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Snowflake with a short position in Progress Software. Check out our
pair correlation module for more information.
Let's begin by analyzing the assets.
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Progress Software has an asset utilization ratio of 68.04 percent. This connotes that the company is making $0.68 for each dollar of assets. An increasing asset utilization means that Progress Software is more efficient with each dollar of assets it utilizes for everyday operations.
Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two entities, such as Progress or Cloudflare is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.
understanding Progress Software dividends
A dividend is the distribution of a portion of Progress Software earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Progress Software dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. Progress one year expected dividend income is about USD0.47 per share.
At this time, Progress Software's
Dividend Yield is comparatively stable compared to the past year.
Dividend Payout Ratio is likely to gain to 0.87 in 2024, whereas
Dividends Paid is likely to drop slightly above 27.2
M in 2024.
Investing in dividend-paying stocks, such as Progress Software is one of the few strategies that are good for long-term investment. Ex-dividend dates are significant because investors in Progress Software must own a stock before its ex-dividend date to receive its next dividend.
This type of analysis is very useful when you want to generate a past dividend schedule and payout information for Progress Software. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.
How important is Progress Software's Liquidity
Progress Software
financial leverage refers to using borrowed capital as a funding source to finance Progress Software ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Progress Software 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. Financial leverage can amplify the potential profits to Progress Software's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Progress Software's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the
breakdown between Progress Software's total debt and its cash.
Correlation Between Progress and Cloudflare
In general, Stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding Progress Software together with similar or unrelated positions with a negative correlation. For example, you can also add Cloudflare to your portfolio. If Cloudflare is not perfectly correlated to Progress Software it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When Progress Software, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down.
Are you currently holding both Progress Software and Cloudflare in your portfolio? Please note if you are using this as a pair-trade strategy between Progress Software and Cloudflare, watch out for correlation discrepancy over time. Relying on the historical price correlations and assuming that it will not change may lead to short-term losses. Please check
pair correlation details between PRGS and NET for more information.
What is driving Progress Software Investor Appetite?
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Revenue Breakdown
Lets now check Progress Software revenue. Based on the latest financial disclosure, Progress Software reported 513.57
M of revenue. This is 87.4% lower than that of the Technology sector and significantly higher than that of the
Software—Application industry. The revenue for all United States stocks is 94.56% higher than that of Progress Software. As for Snowflake Inc we see revenue of 1.03
B, which is much higher than that of the Software—Application
| Progress | 513.57 Million |
| Sector | 0.0 |
| Snowflake | 1.03 Billion |
Progress is expecting lower volatility in February
Kurtosis is down to 0.96. It may connote a possible volatility fall. Progress Software exhibits very low volatility with skewness of -0.01 and kurtosis of 0.96. However, we advise investors to further study Progress Software technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Progress Software's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Progress Software's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
Progress Software Implied Volatility
Progress Software's implied volatility exposes the market's sentiment of Progress Software stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Progress Software's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Progress Software stock will not fluctuate a lot when Progress Software's options are near their expiration.
While some other firms under the software—application industry are still a bit expensive, Progress Software may offer a potential longer-term growth to retail investors. With an optimistic outlook on your 90 days horizon, it may be a good time to buy new shares of Progress or increase your existing holdings in the Stock as it seems the potential growth has not yet been fully factored into the current price. 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 Progress Software.
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Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
View Profile 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 Raphi Shpitalnik do not own shares of Progress Software. Please refer to our
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