Progressive Corp Total Risk Alpha
| PGR Stock | | | USD 202.84 -3.37 -1.63% |
The Total Risk Alpha indicator for Progressive Corp is derived from observed market data. Exchange-specific data schedules may affect the recency of readings. Progressive Corp has a market cap of 118.7 B, operating margin of 16.5%, current ratio of 0.41.
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Progressive Corp has current Total Risk Alpha of 0.0348. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.0348 | |
| ER[a] | = | Expected return on investing in Progressive Corp |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Progressive Corp |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Progressive Corp is rated
below average for total risk alpha against industry peers. It is currently under evaluation for maximum drawdown against industry peers with Maximum Drawdown measuring nearly
207.50 against Total Risk Alpha. Maximum Drawdown runs about
207.50 times Total Risk Alpha for Progressive Corp
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Progressive Corp to Peers
Other Technical Indicators