By analyzing existing technical and fundamental indicators between Progressive Corp and Prudential, 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 Prudential with a short position in Progressive Corp. 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. Progressive Corp has an asset utilization ratio of 153.22 percent. This connotes that the company is making $1.53 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.
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 Invesco or SPDR is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.
understanding Invesco SP dividends
A dividend is the distribution of a portion of Invesco SP 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. Invesco SP 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. Invesco one year expected dividend income is about USD0.17 per share.
Investing in stocks that pay
dividends, such as etf of Invesco SP 500, is one of many strategies that are good for long-term investments. Ex-dividend dates are significant because investors in Invesco SP 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 Invesco SP. 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.
Correlation Between Invesco and SPDR MSCI EAFE
In general, Etf analysis is a method for investors and traders to make individual buying and selling decisions. Etf 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 Invesco SP together with similar or unrelated positions with a negative correlation. For example, you can also add SPDR MSCI to your portfolio. If SPDR MSCI is not perfectly correlated to Invesco SP 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 Invesco SP, 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 Invesco SP and SPDR MSCI in your portfolio? Please note if you are using this as a pair-trade strategy between Invesco SP and SPDR MSCI, 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 SPGP and QEFA for more information.
Sector Allocation
Exchange-Traded Funds use many different techniques to achieve diversification. One of the ways Invesco SP ETF is managing risk is by picking assets from different sectors and across various asset classes. It helps to ensure that returns are uncorrelated, and risk is spread across the underlying asset classes and industries. Within the same asset class, diversification can be achieved by investing in various investment styles through cross-sector allocation. Below map breaks down Invesco SP sector allocation.
VolatilityWhat is driving Invesco SP 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
Let me now analyze Progressive Corp revenue. Based on the latest financial disclosure, Progressive Corp reported 45.69
B of revenue. This is 307.59% higher than that of the Financial Services sector and significantly higher than that of the
Insurance—Property & Casualty industry. The revenue for all United States stocks is significantly lower than that of Progressive Corp. As for Prudential Financial we see revenue of 60.58
B, which is much higher than that of the Insurance—Property & Casualty
| Progressive | 45.69 Billion |
| Sector | 0.0 |
| Prudential | 60.58 Billion |
Will Progressive retail investors exit after the fall?
Latest jensen alpha is at -0.2. Progressive Corp exhibits very low volatility with skewness of -1.07 and kurtosis of 1.88. However, we advise investors to further study Progressive Corp 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 Progressive Corp'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 Progressive Corp'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.
Our Final Take On Progressive Corp
While few other entities in the insurance—property & casualty industry are either recovering or due for a correction, Progressive may not be as strong as the others in terms of longer-term growth potentials. With an impartial outlook on the current market volatility, it may be better to hold off any inventment activity and neither buy nor exit any shares of Progressive Corp at this time. The Progressive Corp risk-reward trade off 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.
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Rifka Kats is a Member of Macroaxis Editorial Board. Rifka writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce.
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 Rifka Kats do not own shares of Invesco SP 500. Please refer to our
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