Progressive (Germany) Probability of Future Stock Price Finishing Under 183.19
| PGV Stock | EUR 233.35 6.65 2.77% |
Progressive |
Progressive Target Price Odds to finish below 183.19
The tendency of Progressive Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to € 183.19 or more in 90 days |
| 233.35 | 90 days | 183.19 | near 1 |
Based on a normal probability distribution, the odds of Progressive to drop to € 183.19 or more in 90 days from now is near 1 (This The Progressive probability density function shows the probability of Progressive Stock to fall within a particular range of prices over 90 days) . Probability of Progressive price to stay between € 183.19 and its current price of €233.35 at the end of the 90-day period is about 42.6 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.06 indicating The Progressive market returns are reactive to returns on the market. As the market goes up or down, Progressive is expected to follow. Additionally The Progressive has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Progressive Price Density |
| Price |
Predictive Modules for Progressive
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Progressive. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Progressive Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Progressive is not an exception. The market had few large corrections towards the Progressive's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold The Progressive, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Progressive within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 1.06 | |
σ | Overall volatility | 9.89 | |
Ir | Information ratio | -0.05 |
Progressive Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Progressive for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Progressive can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The Progressive has accumulated 6.39 B in total debt with debt to equity ratio (D/E) of 32.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Progressive has a current ratio of 0.34, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Progressive until it has trouble settling it off, either with new capital or with free cash flow. So, Progressive's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Progressive sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Progressive to invest in growth at high rates of return. When we think about Progressive's use of debt, we should always consider it together with cash and equity. | |
| Over 87.0% of Progressive shares are owned by institutional investors |
Progressive Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Progressive Stock often depends not only on the future outlook of the current and potential Progressive's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Progressive's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 584.9 M | |
| Short Term Investments | 49.5 B |
Progressive Technical Analysis
Progressive's future price can be derived by breaking down and analyzing its technical indicators over time. Progressive Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of The Progressive. In general, you should focus on analyzing Progressive Stock price patterns and their correlations with different microeconomic environments and drivers.
Progressive Predictive Forecast Models
Progressive's time-series forecasting models is one of many Progressive's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Progressive's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Progressive
Checking the ongoing alerts about Progressive for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Progressive help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The Progressive has accumulated 6.39 B in total debt with debt to equity ratio (D/E) of 32.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Progressive has a current ratio of 0.34, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Progressive until it has trouble settling it off, either with new capital or with free cash flow. So, Progressive's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Progressive sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Progressive to invest in growth at high rates of return. When we think about Progressive's use of debt, we should always consider it together with cash and equity. | |
| Over 87.0% of Progressive shares are owned by institutional investors |
Other Information on Investing in Progressive Stock
Progressive financial ratios help investors to determine whether Progressive Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Progressive with respect to the benefits of owning Progressive security.