Progressive Total Stockholder Equity vs Good Will Analysis

PGR Stock  USD 260.35  2.26  0.86%   
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 Total Stockholder Equity and its Good Will 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 closely tied 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.

Total Stockholder Equity vs Good Will

Total Stockholder Equity vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Progressive Corp Total Stockholder Equity account and Good Will. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Progressive Corp's Total Stockholder Equity and Good Will is 0.51. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Good Will 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 Total Stockholder Equity and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Progressive Corp are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Total Stockholder Equity i.e., Progressive Corp's Total Stockholder Equity and Good Will go up and down completely randomly.

Correlation Coefficient

0.51
Relationship DirectionPositive 
Relationship StrengthWeak

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
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 closely tied 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 12/04/2024, 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 Revenue47.7B49.6B62.1B65.2B
Interest Expense218.6M243.5M268.4M281.8M

Progressive Corp fundamental ratios Correlations

0.920.990.980.99-0.490.950.931.00.450.980.70.040.980.270.060.350.350.3-0.590.530.360.53-0.40.950.98
0.920.940.870.93-0.480.890.860.930.480.920.48-0.230.920.510.150.530.530.32-0.640.490.350.52-0.370.910.88
0.990.940.960.99-0.520.940.940.990.480.970.65-0.060.970.360.060.430.430.33-0.60.510.390.55-0.360.950.97
0.980.870.960.97-0.520.910.940.980.490.960.660.10.960.20.090.280.280.34-0.580.590.40.56-0.380.931.0
0.990.930.990.97-0.410.970.90.990.370.970.690.020.990.280.010.310.310.22-0.650.460.290.46-0.380.950.98
-0.49-0.48-0.52-0.52-0.41-0.28-0.76-0.51-0.97-0.49-0.040.14-0.4-0.3-0.53-0.53-0.52-0.94-0.01-0.76-0.94-0.960.19-0.44-0.46
0.950.890.940.910.97-0.280.810.940.260.910.66-0.060.980.34-0.020.250.250.11-0.680.290.170.34-0.280.910.93
0.930.860.940.940.9-0.760.810.940.70.910.540.020.890.280.260.410.410.59-0.420.670.630.75-0.380.870.92
1.00.930.990.980.99-0.510.940.940.470.980.670.030.980.280.080.360.360.31-0.60.550.370.55-0.410.960.98
0.450.480.480.490.37-0.970.260.70.470.47-0.08-0.270.370.410.610.590.580.93-0.050.770.910.97-0.150.450.44
0.980.920.970.960.97-0.490.910.910.980.470.65-0.040.950.30.090.450.450.26-0.620.580.320.54-0.440.960.97
0.70.480.650.660.69-0.040.660.540.67-0.080.650.560.64-0.34-0.29-0.15-0.15-0.13-0.260.21-0.020.09-0.360.590.68
0.04-0.23-0.060.10.020.14-0.060.020.03-0.27-0.040.56-0.02-0.93-0.21-0.74-0.74-0.170.310.14-0.1-0.16-0.31-0.10.09
0.980.920.970.960.99-0.40.980.890.980.370.950.64-0.020.320.060.30.30.21-0.650.430.270.44-0.360.940.97
0.270.510.360.20.28-0.30.340.280.280.410.3-0.34-0.930.320.220.80.80.3-0.460.030.250.330.210.390.21
0.060.150.060.090.01-0.53-0.020.260.080.610.09-0.29-0.210.060.220.220.220.530.330.30.480.530.140.050.06
0.350.530.430.280.31-0.530.250.410.360.590.45-0.15-0.740.30.80.221.00.4-0.380.40.370.54-0.080.470.28
0.350.530.430.280.31-0.520.250.410.360.580.45-0.15-0.740.30.80.221.00.4-0.390.390.360.54-0.080.470.28
0.30.320.330.340.22-0.940.110.590.310.930.26-0.13-0.170.210.30.530.40.40.130.640.990.90.010.250.28
-0.59-0.64-0.6-0.58-0.65-0.01-0.68-0.42-0.6-0.05-0.62-0.260.31-0.65-0.460.33-0.38-0.390.13-0.160.1-0.080.12-0.76-0.62
0.530.490.510.590.46-0.760.290.670.550.770.580.210.140.430.030.30.40.390.64-0.160.690.82-0.490.510.55
0.360.350.390.40.29-0.940.170.630.370.910.32-0.02-0.10.270.250.480.370.360.990.10.690.92-0.020.30.33
0.530.520.550.560.46-0.960.340.750.550.970.540.09-0.160.440.330.530.540.540.9-0.080.820.92-0.190.520.52
-0.4-0.37-0.36-0.38-0.380.19-0.28-0.38-0.41-0.15-0.44-0.36-0.31-0.360.210.14-0.08-0.080.010.12-0.49-0.02-0.19-0.35-0.38
0.950.910.950.930.95-0.440.910.870.960.450.960.59-0.10.940.390.050.470.470.25-0.760.510.30.52-0.350.94
0.980.880.971.00.98-0.460.930.920.980.440.970.680.090.970.210.060.280.280.28-0.620.550.330.52-0.380.94
Click cells to compare fundamentals

Progressive Corp Account Relationship Matchups

Progressive Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets54.9B64.1B71.1B70.2B88.7B93.1B
Short Long Term Debt Total4.9B5.9B9.8B6.5B6.9B7.2B
Total Stockholder Equity13.7B17.0B18.2B15.9B20.3B21.3B
Net Debt4.2B5.3B4.7B6.3B6.8B7.1B
Retained Earnings10.7B13.4B15.3B15.7B18.8B19.7B
Common Stock Shares Outstanding586.7M587.2M587.6M587.1M587.5M620.5M
Liabilities And Stockholders Equity54.9B64.1B71.1B70.2B88.7B93.1B
Non Current Liabilities Total21.6B24.1B27.4B29.8B34.4B36.2B
Other Stockholder Equity1.6B1.7B1.8B1.9B2.0B2.1B
Total Liab41.2B47.1B52.9B54.3B64.0B67.3B
Property Plant And Equipment Net1.2B1.1B1.1B1.2B1.1B780.9M
Non Current Assets Total41.1B49.3B53.2B50.6B60.5B63.5B
Non Currrent Assets Other(70.3M)(86.9M)(65.1)(6.7B)59.2B62.2B
Other Assets(32.0B)(39.4B)(41.3B)1.028.1B29.5B
Net Receivables10.9B12.2B14.4B16.2B17.1B17.9B
Total Current Assets45.8B54.2B59.2B19.7B84.9M80.7M
Cash226.2M76.5M187.1M220.9M84.9M92.4M
Cash And Short Term Investments35.1B42.1B45.0B9.0B11.5B10.3B
Short Term Investments34.9B42.0B44.8B8.7B11.4B10.2B
Accumulated Other Comprehensive Income341.7M931.7M40.7M(2.8B)(1.6B)(1.5B)
Common Stock584.6M585.2M584.4M584.9M585.3M446.3M
Other Current Liab(6.5B)(5.0B)(6.0B)(5.5B)(311.8M)(296.2M)
Total Current Liabilities16.3B19.6B21.2B24.5B29.6B15.1B
Common Stock Total Equity583.2M584.6M585.2M584.4M672.1M445.3M
Property Plant And Equipment Gross1.1B1.1B1.2B1.1B1.3B834.7M
Other Liab5.9M9.5B8.0B297.8M268.0M254.6M
Accounts Payable6.0B5.0B6.0B5.5B6.4B6.7B
Long Term Debt4.4B5.4B4.9B6.4B6.9B7.2B
Property Plant Equipment1.2B1.1B1.3B1.2B1.3B1.0B
Retained Earnings Total Equity8.4B10.7B13.4B15.3B17.6B18.5B
Inventory(9.9B)(19.5B)(16.4B)(25.2B)(79.3B)(75.3B)
Intangible Assets228.3M171.4M117.3M314.2M1.7B1.8B
Net Tangible Assets12.7B15.9B17.7B15.1B17.3B10.6B
Long Term Debt Total4.4B5.4B4.9B6.4B7.3B3.8B
Capital Surpluse1.6B1.7B1.8B1.9B2.2B1.5B
Long Term Investments39.4B47.7B51.5B53.5B66.0B69.3B
Non Current Liabilities Other26.1B30.5B34.0B41.9B48.2B50.6B
Other Current Assets9.7B19.4B16.3B295.5M249.8M262.3M

Pair Trading with Progressive Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Progressive Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Progressive Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Progressive Stock

  0.7L Loews CorpPairCorr
  0.88AFG American FinancialPairCorr
The ability to find closely correlated positions to Progressive Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Progressive Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Progressive Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Progressive Corp to buy it.
The correlation of Progressive Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Progressive Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Progressive Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Progressive Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional 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.