PROG Holdings Correlations

PROG Holdings Correlation With Market

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PROG Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in PROG Stock please use our How to Invest in PROG Holdings guide.

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations    PIPR + 0.26 EPAC EPAC + 0.25 ATGE PIPR + 0.25 ATGE ATGE + 0.0 AAN EPAC + 0.0 AAN PIPR + 0.0 AAN

High negative correlations    CURO - 0.0 PIPR CURO - 0.0 EPAC CURO - 0.0 ATGE CURO - 0.0 AAN PIPR - 0.0 AAN EPAC - 0.0 AAN

Risk-Adjusted Indicators

There is a big difference between PROG Stock performing well and PROG Holdings Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze PROG Holdings' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.