Progressive Corp (Germany) Market Value
| PGR Stock | EUR 66.00 0.50 0.76% |
| Symbol | Progressive |
Progressive Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Progressive Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Progressive Corp.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Progressive Corp on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Progressive Corp or generate 0.0% return on investment in Progressive Corp over 30 days. Progressive Corp is related to or competes with Strategic Education, LPKF Laser, CHINA EDUCATION, Methode Electronics, Laureate Education, Renesas Electronics, and DeVry Education. Progress Software Corporation develops business applications worldwide More
Progressive Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Progressive Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Progressive Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | 0.1072 | |||
| Maximum Drawdown | 19.99 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 3.15 |
Progressive Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Progressive Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Progressive Corp's standard deviation. In reality, there are many statistical measures that can use Progressive Corp historical prices to predict the future Progressive Corp's volatility.| Risk Adjusted Performance | 0.1268 | |||
| Jensen Alpha | 0.3114 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1856 | |||
| Treynor Ratio | 0.5117 |
Progressive Corp Backtested Returns
Progressive Corp appears to be very steady, given 3 months investment horizon. Progressive Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Progressive Corp, which you can use to evaluate the volatility of the company. Please evaluate Progressive Corp's Semi Deviation of 0.956, coefficient of variation of 640.85, and Risk Adjusted Performance of 0.1268 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Progressive Corp holds a performance score of 12. The company holds a Beta of 0.8, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Progressive Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Progressive Corp is expected to be smaller as well. Please check Progressive Corp's sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Progressive Corp's historical price patterns will revert.
Auto-correlation | 0.60 |
Good predictability
Progressive Corp has good predictability. Overlapping area represents the amount of predictability between Progressive Corp time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Progressive Corp price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Progressive Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 1.33 |
Progressive Corp lagged returns against current returns
Autocorrelation, which is Progressive Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Progressive Corp's stock expected returns. We can calculate the autocorrelation of Progressive Corp returns to help us make a trade decision. For example, suppose you find that Progressive Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Progressive Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Progressive Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Progressive Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Progressive Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Progressive Corp Lagged Returns
When evaluating Progressive Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Progressive Corp stock have on its future price. Progressive Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Progressive Corp autocorrelation shows the relationship between Progressive Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Progressive Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Progressive Stock
When determining whether Progressive Corp is a strong investment it is important to analyze Progressive Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Progressive Corp's future performance. For an informed investment choice regarding Progressive Stock, refer to the following important reports:Check out Progressive Corp Correlation, Progressive Corp Volatility and Progressive Corp Alpha and Beta module to complement your research on Progressive Corp. 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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
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.