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 37.18% per annum.
- RBA price at the close of March 31, 2025 was $100.30 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 32.33% per annum.
- RBA price at the close of March 31, 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: March 31, 2025
a = 3.0111
b = 0.0009
s = 0.0445
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 37.18%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0445) – 1
= 19.49%
March 10, 2023 calculations
Top border of price channel:
Exp(Y740)
= Exp(a + b × X740 + 2 × s)
= Exp(a + b × 1,073 + 2 × s)
= Exp(3.0111 + 0.0009 × 1,073 + 2 × 0.0445)
= Exp(4.0294)
= $56.23
Bottom border of price channel:
Exp(Y740)
= Exp(a + b × X740 – 2 × s)
= Exp(a + b × 1,073 – 2 × s)
= Exp(3.0111 + 0.0009 × 1,073 – 2 × 0.0445)
= Exp(3.8513)
= $47.06
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.0111 + 0.0009 × 1,825 + 2 × 0.0445)
= Exp(4.6807)
= $107.84
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.0111 + 0.0009 × 1,825 – 2 × 0.0445)
= Exp(4.5026)
= $90.25
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 37.18% per annum.
- RBA price at the close of March 31, 2025 was $100.30 and was inside the primary price channel.
Secondary Trend
Start date: February 19, 2025
End date: March 31, 2025
a = 6.5356
b = -0.0011
s = 0.0191
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0011) – 1
= -32.33%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0191) – 1
= 7.94%
February 19, 2025 calculations
Top border of price channel:
Exp(Y1,227)
= Exp(a + b × X1,227 + 2 × s)
= Exp(a + b × 1,785 + 2 × s)
= Exp(6.5356 + -0.0011 × 1,785 + 2 × 0.0191)
= Exp(4.6642)
= $106.08
Bottom border of price channel:
Exp(Y1,227)
= Exp(a + b × X1,227 – 2 × s)
= Exp(a + b × 1,785 – 2 × s)
= Exp(6.5356 + -0.0011 × 1,785 – 2 × 0.0191)
= Exp(4.5877)
= $98.27
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(6.5356 + -0.0011 × 1,825 + 2 × 0.0191)
= Exp(4.6214)
= $101.64
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(6.5356 + -0.0011 × 1,825 – 2 × 0.0191)
= Exp(4.5449)
= $94.16
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 32.33% per annum.
- RBA price at the close of March 31, 2025 was inside the secondary price channel.