Progressive Operating Margin vs. Return On Asset
| PGV Stock | EUR 257.55 4.55 1.80% |
For Progressive profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Progressive to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well The Progressive utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Progressive's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of The Progressive over time as well as its relative position and ranking within its peers.
Progressive |
Progressive Return On Asset vs. Operating Margin Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Progressive's current stock value. Our valuation model uses many indicators to compare Progressive value to that of its competitors to determine the firm's financial worth. The Progressive is regarded fourth in operating margin category among its peers. It is regarded third in return on asset category among its peers reporting about 0.42 of Return On Asset per Operating Margin. The ratio of Operating Margin to Return On Asset for The Progressive is roughly 2.37 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Progressive's earnings, one of the primary drivers of an investment's value.Progressive Return On Asset vs. Operating Margin
Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
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| = | 0.03 % |
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
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| = | 0.0118 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Progressive Return On Asset Comparison
Progressive is regarded second in return on asset category among its peers.
Progressive Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Progressive, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Progressive will eventually generate negative long term returns. The profitability progress is the general direction of Progressive's change in net profit over the period of time. It can combine multiple indicators of Progressive, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The Progressive Corporation, through its subsidiaries, provides personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services primarily in the United States. The company was founded in 1937 and is headquartered in Mayfield, Ohio. PROGRESSIVE CORP operates under Insurance - Property Casualty classification in Germany and is traded on Frankfurt Stock Exchange. It employs 37346 people.
Progressive Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Progressive. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Progressive position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Progressive's important profitability drivers and their relationship over time.
Use Progressive in pair-trading
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 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 will appreciate offsetting losses from the drop in the long position's value.Progressive Pair Trading
The Progressive Pair Trading Analysis
The ability to find closely correlated positions to Progressive 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 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 - 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 The Progressive to buy it.
The correlation of Progressive 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Progressive 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 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.Use Investing Themes to Complement your Progressive position
In addition to having Progressive in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Money Funds Thematic Idea Now
Money Funds
Funds or Etfs that invest most if their asset in companies from financial sector such as commercial banks, insurance companies, investment funds, and real estate. The Money Funds theme has 34 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Money Funds Theme or any other thematic opportunities.
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Other Information on Investing in Progressive Stock
To fully project Progressive's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Progressive at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Progressive's income statement, its balance sheet, and the statement of cash flows.