Progressive Corp Stock Price Prediction
| PGR Stock | USD 213.00 1.69 0.79% |
Oversold Vs Overbought
72
Oversold | Overbought |
Progressive Corp stock price prediction is an act of determining the future value of Progressive Corp shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Progressive Corp's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Progressive Corp and does not consider all of the tangible or intangible factors available from Progressive Corp's fundamental data. We analyze noise-free headlines and recent hype associated with Progressive Corp, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Progressive Corp's stock price prediction:Quarterly Earnings Growth 4.253 | EPS Estimate Next Quarter 2.27 | EPS Estimate Current Year 11.14 | EPS Estimate Next Year 11.84 | Wall Street Target Price 226.87 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Progressive Corp based on different types of headlines from major news networks to social media. The Progressive stock price prediction module provides an analysis of price elasticity to changes in media outlook on Progressive Corp over a specific investment horizon. Using Progressive Corp hype-based prediction, you can estimate the value of Progressive Corp from the perspective of Progressive Corp response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Progressive Corp using Progressive Corp's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Progressive using crowd psychology based on the activity and movement of Progressive Corp's stock price.
Progressive Corp Short Interest
A significant increase or decrease in Progressive Corp's short interest from the previous month could be a good indicator of investor sentiment towards Progressive. Short interest can provide insight into the potential direction of Progressive Corp stock and how bullish or bearish investors feel about the market overall. An investor who is long Progressive Corp may also wish to track short interest. As short interest increases, investors should be becoming more worried about Progressive Corp and may potentially protect profits, hedge Progressive Corp with its derivative instruments, or be ready for some potential downside.
200 Day MA 161.6561 | Short Percent 0.0075 | Short Ratio 1.47 | Shares Short Prior Month 4.2 M | 50 Day MA 199.3118 |
Progressive Corp Hype to Price Pattern
Investor biases related to Progressive Corp's public news can be used to forecast risks associated with an investment in Progressive. The trend in average sentiment can be used to explain how an investor holding Progressive can time the market purely based on public headlines and social activities around Progressive Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Progressive Corp's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Progressive Corp.
Progressive Corp Implied Volatility | 24.1 |
Progressive Corp's implied volatility exposes the market's sentiment of Progressive Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Progressive Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Progressive Corp stock will not fluctuate a lot when Progressive Corp's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Progressive Corp. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Progressive Corp to buy its stock at a price that has no basis in reality. In that case, they are not buying Progressive because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Progressive Corp after-hype prediction price | USD 211.44 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Prediction based on Rule 16 of the current Progressive contract
Based on the Rule 16, the options market is currently suggesting that Progressive Corp will have an average daily up or down price movement of about 1.51% per day over the life of the 2024-05-17 option contract. With Progressive Corp trading at USD 213.0, that is roughly USD 3.21 . If you think that the market is fully incorporating Progressive Corp's daily price movement you should consider acquiring Progressive Corp options at the current volatility level of 24.1%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Progressive |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Progressive Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Progressive Corp After-Hype Price Prediction Density Analysis
As far as predicting the price of Progressive Corp at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Progressive Corp or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Progressive Corp, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Progressive Corp Estimiated After-Hype Price Volatility
In the context of predicting Progressive Corp's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Progressive Corp's historical news coverage. Progressive Corp's after-hype downside and upside margins for the prediction period are 210.30 and 234.30, respectively. We have considered Progressive Corp's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Progressive Corp is very steady at this time. Analysis and calculation of next after-hype price of Progressive Corp is based on 3 months time horizon.
Progressive Corp Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Progressive Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Progressive Corp backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Progressive Corp, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.29 | 1.02 | 1.19 | 0.03 | 8 Events / Month | 0 Events / Month | In about 8 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
213.00 | 211.44 | 0.73 |
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Progressive Corp Hype Timeline
On the 23rd of April Progressive Corp is traded for 213.00. The entity has historical hype elasticity of -1.19, and average elasticity to hype of competition of -0.03. Progressive is forecasted to decline in value after the next headline, with the price expected to drop to 211.44. The average volatility of media hype impact on the company price is about 24.88%. The price depreciation on the next news is expected to be -0.73%, whereas the daily expected return is at this time at 0.29%. The volatility of related hype on Progressive Corp is about 1081.82%, with the expected price after the next announcement by competition of 212.97. About 87.0% of the company shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 1.48. Progressive Corp recorded earning per share (EPS) of 9.77. The entity last dividend was issued on the 3rd of April 2024. The firm had 4:1 split on the 19th of May 2006. Considering the 90-day investment horizon the next forecasted press release will be in about 8 days. Check out Progressive Corp Basic Forecasting Models to cross-verify your projections.Progressive Corp Related Hype Analysis
Having access to credible news sources related to Progressive Corp's direct competition is more important than ever and may enhance your ability to predict Progressive Corp's future price movements. Getting to know how Progressive Corp's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Progressive Corp may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| AQUI | Aquagold International | 0.00 | 0 per month | 0.00 | 0.15 | 0.00 | 0.00 | 25.00 | |
| LBHIX | Thrivent High Yield | 0.00 | 0 per month | 0.00 | (0.36) | 0.48 | (0.48) | 1.21 | |
| MSTSX | Morningstar Unconstrained Allocation | (0.26) | 3 per month | 0.61 | (0.05) | 0.98 | (1.06) | 3.20 | |
| VIASP | Via Renewables | 0.00 | 0 per month | 2.29 | 0.01 | 3.60 | (3.74) | 13.41 | |
| RRTLX | T Rowe Price | (0.40) | 1 per month | 0.26 | (0.17) | 0.51 | (0.51) | 1.46 | |
| OSHDF | Oshidori International Holdings | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 70082LAB3 | US70082LAB36 | 0.00 | 0 per month | 0.00 | (0.12) | 1.52 | (1.89) | 17.58 |
Progressive Corp Additional Predictive Modules
Most predictive techniques to examine Progressive price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Progressive using various technical indicators. When you analyze Progressive charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Progressive Corp Predictive Indicators
The successful prediction of Progressive Corp stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Progressive Corp, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Progressive Corp based on analysis of Progressive Corp hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Progressive Corp's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Progressive Corp's related companies. | 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0629 | 0.003441 | 0.00298 | 0.002831 | Price To Sales Ratio | 1.26 | 1.53 | 1.5 | 1.49 |
Story Coverage note for Progressive Corp
The number of cover stories for Progressive Corp depends on current market conditions and Progressive Corp's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Progressive Corp is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Progressive Corp's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Progressive Corp Short Properties
Progressive Corp's future price predictability will typically decrease when Progressive Corp's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Progressive Corp often depends not only on the future outlook of the potential Progressive Corp'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 Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 587.5 M | |
| Cash And Short Term Investments | 62.3 B |
Check out Progressive Corp Basic Forecasting Models to cross-verify your projections. To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.Note that the Progressive Corp information on this page should be used as a complementary analysis to other Progressive Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary 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.
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Is Progressive Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Progressive Corp. If investors know Progressive will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Progressive Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.253 | Dividend Share 1.15 | Earnings Share 9.77 | Revenue Per Share 111.143 | Quarterly Revenue Growth 0.206 |
The market value of Progressive Corp is measured differently than its book value, which is the value of Progressive that is recorded on the company's balance sheet. Investors also form their own opinion of Progressive Corp's value that differs from its market value or its book value, called intrinsic value, which is Progressive Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Progressive Corp's market value can be influenced by many factors that don't directly affect Progressive Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Progressive Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Progressive Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progressive Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.