Progressive Return On Equity from 2010 to 2025
| PGR Stock | USD 274.47 0.47 0.17% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.3313665 | Current Value 0.35 | Quarterly Volatility 0.08191464 |
Check Progressive Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Progressive Corp's main balance sheet or income statement drivers, such as Interest Expense of 294 M, Total Revenue of 16.3 B or Gross Profit of 16.3 B, as well as many indicators such as Price To Sales Ratio of 16.81, Dividend Yield of 0.0046 or PTB Ratio of 5.76. Progressive financial statements analysis is a perfect complement when working with Progressive Corp Valuation or Volatility modules.
Progressive | Return On Equity |
Latest Progressive Corp's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Progressive Corp over the last few years. Return on Equity is the amount of Progressive Corp net income returned as a percentage of Progressive Corp equity. Return on equity measures Progressive Corp profitability by revealing how much profit Progressive Corp generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Progressive Corp's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Progressive Corp's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.37 | 10 Years Trend |
|
Return On Equity |
| Timeline |
Progressive Return On Equity Regression Statistics
| Arithmetic Mean | 0.21 | |
| Geometric Mean | 0.19 | |
| Coefficient Of Variation | 39.02 | |
| Mean Deviation | 0.06 | |
| Median | 0.19 | |
| Standard Deviation | 0.08 | |
| Sample Variance | 0.01 | |
| Range | 0.3046 | |
| R-Value | 0.39 | |
| Mean Square Error | 0.01 | |
| R-Squared | 0.15 | |
| Significance | 0.13 | |
| Slope | 0.01 | |
| Total Sum of Squares | 0.10 |
Progressive Return On Equity History
About Progressive Corp Financial Statements
Progressive Corp shareholders use historical fundamental indicators, such as Return On Equity, to determine how well the company is positioned to perform in the future. Although Progressive Corp investors may analyze each financial statement separately, they are all interrelated. The changes in Progressive Corp's assets and liabilities, for example, are also reflected in the revenues and expenses on on Progressive Corp's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.33 | 0.35 |
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
| 0.7 | CB | Chubb Sell-off Trend | PairCorr |
Moving against Progressive Stock
| 0.73 | AFG | American Financial | PairCorr |
| 0.73 | NODK | NI Holdings | PairCorr |
| 0.49 | WTM | White Mountains Insurance | PairCorr |
| 0.45 | RLI | RLI Corp | PairCorr |
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.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.