Progressive Accumulated Other Comprehensive Income vs Investments Analysis
PGR Stock | USD 212.20 1.82 0.85% |
Progressive Corp financial indicator trend analysis is much more than just breaking down Progressive Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Progressive Corp is a good investment. Please check the relationship between Progressive Corp Accumulated Other Comprehensive Income and its Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progressive Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.
Accumulated Other Comprehensive Income vs Investments
Accumulated Other Comprehensive Income vs Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Progressive Corp Accumulated Other Comprehensive Income account and Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Progressive Corp's Accumulated Other Comprehensive Income and Investments is 0.78. Overlapping area represents the amount of variation of Accumulated Other Comprehensive Income that can explain the historical movement of Investments in the same time period over historical financial statements of Progressive Corp, assuming nothing else is changed. The correlation between historical values of Progressive Corp's Accumulated Other Comprehensive Income and Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accumulated Other Comprehensive Income of Progressive Corp are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Accumulated Other Comprehensive Income i.e., Progressive Corp's Accumulated Other Comprehensive Income and Investments go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accumulated Other Comprehensive Income
Gains and losses not included in net income that are recorded in shareholders' equity, reflecting changes in the value of assets or liabilities that are not realized.Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.Most indicators from Progressive Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Progressive Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progressive Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.At this time, Progressive Corp's Selling General Administrative is relatively stable compared to the past year. As of 04/25/2024, Tax Provision is likely to grow to about 794.6 M, while Sales General And Administrative To Revenue is likely to drop 0.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 47.7B | 49.6B | 62.1B | 65.2B | Interest Expense | 218.6M | 243.5M | 268.4M | 281.8M |
Progressive Corp fundamental ratios Correlations
Click cells to compare fundamentals
Progressive Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Progressive Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 54.9B | 64.1B | 71.1B | 70.2B | 84.3B | 88.5B | |
Short Long Term Debt Total | 4.4B | 5.4B | 4.9B | 6.5B | 7.1B | 7.4B | |
Total Stockholder Equity | 13.7B | 17.0B | 18.2B | 15.9B | 20.3B | 21.3B | |
Net Debt | 4.2B | 5.3B | 4.7B | 6.3B | 7.0B | 7.3B | |
Retained Earnings | 10.7B | 13.4B | 15.3B | 15.7B | 18.8B | 19.7B | |
Common Stock Shares Outstanding | 586.7M | 587.2M | 587.6M | 587.1M | 587.5M | 620.5M | |
Liabilities And Stockholders Equity | 54.9B | 64.1B | 71.1B | 70.2B | 84.3B | 88.5B | |
Non Current Liabilities Total | 21.6B | 24.1B | 27.4B | 29.8B | 34.4B | 36.2B | |
Other Stockholder Equity | 1.6B | 1.7B | 1.8B | 1.9B | 2.0B | 2.1B | |
Total Liab | 41.2B | 47.1B | 52.9B | 54.3B | 64.0B | 67.3B | |
Property Plant And Equipment Net | 1.2B | 1.1B | 1.1B | 1.2B | 1.1B | 780.9M | |
Non Current Assets Total | 41.1B | 49.3B | 53.2B | 50.6B | 60.5B | 63.5B | |
Non Currrent Assets Other | (70.3M) | (86.9M) | (65.1) | (6.7B) | (8.7B) | (9.2B) | |
Other Assets | (32.0B) | (39.4B) | (41.3B) | 1.0 | 0.9 | 0.95 | |
Net Receivables | 10.9B | 12.2B | 14.4B | 16.2B | 17.1B | 17.9B | |
Total Current Assets | 45.8B | 54.2B | 59.2B | 19.7B | 23.9B | 25.0B | |
Cash | 226.2M | 76.5M | 187.1M | 220.9M | 99.6M | 92.9M | |
Cash And Short Term Investments | 35.1B | 42.1B | 45.0B | 9.0B | 62.3B | 65.4B | |
Short Term Investments | 34.9B | 42.0B | 44.8B | 8.7B | 11.4B | 10.2B | |
Accumulated Other Comprehensive Income | 341.7M | 931.7M | 40.7M | (2.8B) | (1.6B) | (1.5B) | |
Common Stock | 584.6M | 585.2M | 584.4M | 584.9M | 585.3M | 446.3M | |
Other Current Liab | (6.5B) | (5.0B) | (6.0B) | 19.0B | 29.6B | 31.1B | |
Total Current Liabilities | 16.3B | 19.6B | 21.2B | 24.5B | 29.6B | 15.1B | |
Common Stock Total Equity | 583.2M | 584.6M | 585.2M | 584.4M | 672.1M | 445.3M | |
Property Plant And Equipment Gross | 1.1B | 1.1B | 1.2B | 1.1B | 1.3B | 834.7M | |
Other Liab | 5.9M | 9.5B | 8.0B | 297.8M | 268.0M | 254.6M | |
Accounts Payable | 6.0B | 5.0B | 6.0B | 5.5B | 6.4B | 6.7B | |
Long Term Debt | 4.4B | 5.4B | 4.9B | 6.4B | 6.9B | 7.2B | |
Property Plant Equipment | 1.2B | 1.1B | 1.3B | 1.2B | 1.3B | 1.0B | |
Retained Earnings Total Equity | 8.4B | 10.7B | 13.4B | 15.3B | 17.6B | 18.5B | |
Inventory | (9.9B) | (19.5B) | (16.4B) | (25.2B) | (79.3B) | (75.3B) | |
Intangible Assets | 228.3M | 171.4M | 117.3M | 314.2M | 1.7B | 1.8B | |
Net Tangible Assets | 12.7B | 15.9B | 17.7B | 15.1B | 17.3B | 10.6B | |
Long Term Debt Total | 4.4B | 5.4B | 4.9B | 6.4B | 7.3B | 3.8B | |
Capital Surpluse | 1.6B | 1.7B | 1.8B | 1.9B | 2.2B | 1.5B | |
Long Term Investments | 39.4B | 47.7B | 51.5B | 53.5B | 66.0B | 69.3B | |
Non Current Liabilities Other | 26.1B | 30.5B | 34.0B | 41.9B | 48.2B | 50.6B | |
Other Current Assets | 9.7B | 19.4B | 16.3B | 19.7B | 23.9B | 25.0B |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Progressive Corp using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progressive Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.Note that the Progressive Corp information on this page should be used as a complementary analysis to other Progressive Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Progressive Stock analysis
When running Progressive Corp's price analysis, check to measure Progressive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |
Is Progressive Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Progressive Corp. If investors know Progressive will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Progressive Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.253 | Dividend Share 1.15 | Earnings Share 9.78 | Revenue Per Share 111.143 | Quarterly Revenue Growth 0.206 |
The market value of Progressive Corp is measured differently than its book value, which is the value of Progressive that is recorded on the company's balance sheet. Investors also form their own opinion of Progressive Corp's value that differs from its market value or its book value, called intrinsic value, which is Progressive Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Progressive Corp's market value can be influenced by many factors that don't directly affect Progressive Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Progressive Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Progressive Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progressive Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.