RB Global Inc. (RBA)
Ritchie Bros. The company is headquartered in Burnaby, Canada.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 36.76% per annum.
- RBA price at the close of January 17, 2025 was $89.25 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 51.67% per annum.
- RBA price at the close of January 17, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of RBA price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: March 10, 2023
End date: January 17, 2025
a = 2.9643
b = 0.0009
s = 0.0449
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 36.76%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0449) – 1
= 19.69%
March 10, 2023 calculations
Top border of price channel:
Exp(Y790)
= Exp(a + b × X790 + 2 × s)
= Exp(a + b × 1,144 + 2 × s)
= Exp(2.9643 + 0.0009 × 1,144 + 2 × 0.0449)
= Exp(4.0353)
= $56.56
Bottom border of price channel:
Exp(Y790)
= Exp(a + b × X790 – 2 × s)
= Exp(a + b × 1,144 – 2 × s)
= Exp(2.9643 + 0.0009 × 1,144 – 2 × 0.0449)
= Exp(3.8556)
= $47.26
January 17, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(2.9643 + 0.0009 × 1,823 + 2 × 0.0449)
= Exp(4.6177)
= $101.26
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(2.9643 + 0.0009 × 1,823 – 2 × 0.0449)
= Exp(4.4380)
= $84.60
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 36.76% per annum.
- RBA price at the close of January 17, 2025 was $89.25 and was inside the primary price channel.
Secondary Trend
Start date: November 22, 2024
End date: January 17, 2025
a = 8.1112
b = -0.0020
s = 0.0144
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0020) – 1
= -51.67%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0144) – 1
= 5.91%
November 22, 2024 calculations
Top border of price channel:
Exp(Y1,220)
= Exp(a + b × X1,220 + 2 × s)
= Exp(a + b × 1,767 + 2 × s)
= Exp(8.1112 + -0.0020 × 1,767 + 2 × 0.0144)
= Exp(4.6204)
= $101.53
Bottom border of price channel:
Exp(Y1,220)
= Exp(a + b × X1,220 – 2 × s)
= Exp(a + b × 1,767 – 2 × s)
= Exp(8.1112 + -0.0020 × 1,767 – 2 × 0.0144)
= Exp(4.5629)
= $95.86
January 17, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(8.1112 + -0.0020 × 1,823 + 2 × 0.0144)
= Exp(4.5088)
= $90.81
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(8.1112 + -0.0020 × 1,823 – 2 × 0.0144)
= Exp(4.4514)
= $85.74
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 51.67% per annum.
- RBA price at the close of January 17, 2025 was inside the secondary price channel.