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 35.32% per annum.
- RBA price at the close of November 19, 2024 was $93.60 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 333.26% per annum.
- RBA price at the close of November 19, 2024 was inside the secondary price channel.
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: November 19, 2024
a = 2.9550
b = 0.0008
s = 0.0430
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 35.32%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0430) – 1
= 18.79%
March 10, 2023 calculations
Top border of price channel:
Exp(Y830)
= Exp(a + b × X830 + 2 × s)
= Exp(a + b × 1,206 + 2 × s)
= Exp(2.9550 + 0.0008 × 1,206 + 2 × 0.0430)
= Exp(4.0405)
= $56.86
Bottom border of price channel:
Exp(Y830)
= Exp(a + b × X830 – 2 × s)
= Exp(a + b × 1,206 – 2 × s)
= Exp(2.9550 + 0.0008 × 1,206 – 2 × 0.0430)
= Exp(3.8684)
= $47.86
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.9550 + 0.0008 × 1,826 + 2 × 0.0430)
= Exp(4.5544)
= $95.05
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.9550 + 0.0008 × 1,826 – 2 × 0.0430)
= Exp(4.3822)
= $80.01
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 35.32% per annum.
- RBA price at the close of November 19, 2024 was $93.60 and was inside the primary price channel.
Secondary Trend
Start date: October 7, 2024
End date: November 19, 2024
a = -2.7927
b = 0.0040
s = 0.0189
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0040) – 1
= 333.26%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0189) – 1
= 7.85%
October 7, 2024 calculations
Top border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 + 2 × s)
= Exp(a + b × 1,783 + 2 × s)
= Exp(-2.7927 + 0.0040 × 1,783 + 2 × 0.0189)
= Exp(4.4072)
= $82.04
Bottom border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 – 2 × s)
= Exp(a + b × 1,783 – 2 × s)
= Exp(-2.7927 + 0.0040 × 1,783 – 2 × 0.0189)
= Exp(4.3316)
= $76.07
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(-2.7927 + 0.0040 × 1,826 + 2 × 0.0189)
= Exp(4.5800)
= $97.51
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-2.7927 + 0.0040 × 1,826 – 2 × 0.0189)
= Exp(4.5044)
= $90.41
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 333.26% per annum.
- RBA price at the close of November 19, 2024 was inside the secondary price channel.