Progressive Corp (Germany) Technical Analysis
| PGR Stock | EUR 46.80 0.60 1.27% |
As of the 26th of May, Progressive Corp holds the Risk Adjusted Performance of (0.06), coefficient of variation of (836.29), and Variance of 1.5. 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 interpolate thirteen technical drivers for Progressive Corp, which can be compared to its competitors. Please check Progressive Corp coefficient of variation, treynor ratio, skewness, as well as the relationship between the variance and value at risk to decide if Progressive Corp is priced some-what accurately, providing market reflects its current price of 46.8 per share.
Progressive Corp Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Progressive, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ProgressiveProgressive |
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.
Progressive Corp Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Progressive Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Progressive Corp Trend Analysis
Use this graph to draw trend lines for Progressive Corp. You can use it to identify possible trend reversals for Progressive Corp as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Progressive Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Progressive Corp Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Progressive Corp applied against its price change over selected period. The best fit line has a slop of 0.03 , which may suggest that Progressive Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 44.34, which is the sum of squared deviations for the predicted Progressive Corp price change compared to its average price change.About Progressive Corp Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Progressive Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Progressive Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Progressive Corp price pattern first instead of the macroeconomic environment surrounding Progressive Corp. By analyzing Progressive Corp's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Progressive Corp's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Progressive Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
Progressive Corp May 26, 2024 Technical Indicators
Most technical analysis of Progressive help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Progressive from various momentum indicators to cycle indicators. When you analyze Progressive charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.06) | |||
| Market Risk Adjusted Performance | 0.4127 | |||
| Mean Deviation | 0.9253 | |||
| Coefficient Of Variation | (836.29) | |||
| Standard Deviation | 1.23 | |||
| Variance | 1.5 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 0.4027 | |||
| Maximum Drawdown | 7.57 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 1.72 | |||
| Skewness | (0.32) | |||
| Kurtosis | 2.0 |
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 board of governors. For more detail on how to invest in Progressive Stock please use our How to Invest in Progressive Corp guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
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.
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