Progressive Corp Stock Alpha and Beta Analysis
| PGR Stock | USD 260.35 2.26 0.86% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Progressive Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Progressive Corp over a specified time horizon. Remember, high Progressive Corp's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Progressive Corp's market risk premium analysis include:
Beta 0.94 | Alpha (0.04) | Risk 1.25 | Sharpe Ratio 0.0595 | Expected Return 0.0746 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Progressive |
Progressive Corp Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Progressive Corp market risk premium is the additional return an investor will receive from holding Progressive Corp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Progressive Corp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Progressive Corp's performance over market.| α | -0.04 | β | 0.94 |
Progressive Corp expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Progressive Corp's Buy-and-hold return. Our buy-and-hold chart shows how Progressive Corp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Progressive Corp Market Price Analysis
Market price analysis indicators help investors to evaluate how Progressive Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Progressive Corp shares will generate the highest return on investment. By understating and applying Progressive Corp stock market price indicators, traders can identify Progressive Corp position entry and exit signals to maximize returns.
Progressive Corp Return and Market Media
The median price of Progressive Corp for the period between Thu, Sep 5, 2024 and Wed, Dec 4, 2024 is 254.09 with a coefficient of variation of 2.6. The daily time series for the period is distributed with a sample standard deviation of 6.6, arithmetic mean of 253.93, and mean deviation of 5.18. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
| Progressive Corp dividend paid on 11th of October 2024 | 10/11/2024 |
1 | The Progressive Corporation Hits Fresh High Is There Still Room to Run | 11/11/2024 |
2 | Progressive shares target raised to 335 from 331 at BofA | 11/15/2024 |
3 | Heres Why Progressive is a Strong Value Stock | 11/20/2024 |
4 | Independent Advisor Alliance Acquires 1,252 Shares of The Progressive Co. | 11/25/2024 |
5 | Most fantasy football managers quit during this week of the season | 11/26/2024 |
6 | Tim Houstons Progressive Conservatives win decisive majority in Nova Scotia | 11/27/2024 |
7 | To The Stars Elon Musks New Progressive 100 Million STEM-Focused School Gets The Green Light In Texas | 11/29/2024 |
8 | Progressive CFO John Sauerland sells 2.68 million in stock | 12/03/2024 |
About Progressive Corp Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Progressive or other stocks. Alpha measures the amount that position in Progressive Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0629 | 0.003441 | 0.00298 | 0.002831 | Price To Sales Ratio | 1.26 | 1.53 | 1.5 | 1.49 |
Progressive Corp Upcoming Company Events
As portrayed in its financial statements, the presentation of Progressive Corp's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Progressive Corp's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Progressive Corp's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Progressive Corp. Please utilize our Beneish M Score to check the likelihood of Progressive Corp's management manipulating its earnings.
| 11th of April 2024 Upcoming Quarterly Report | View | |
| 11th of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 22nd of January 2025 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 31st of December 2023 Last Financial Announcement | View |
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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.