Ritchie Competitors
| RBA Stock | CAD 137.55 0.86 0.63% |
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Ritchie Bros competition on your existing holdings.
Ritchie |
Ritchie Bros Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Ritchie Bros and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Ritchie and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Ritchie Bros Auctioneers does not affect the price movement of the other competitor.
| -0.27 | 0.78 | -0.21 | 0.57 | TIH | ||
| -0.27 | 0.09 | 0.7 | -0.09 | STN | ||
| 0.78 | 0.09 | 0.03 | 0.54 | FTT | ||
| -0.21 | 0.7 | 0.03 | 0.37 | FSV | ||
| 0.57 | -0.09 | 0.54 | 0.37 | CCL-B | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Ritchie Stock performing well and Ritchie Bros Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Ritchie Bros' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TIH | 0.81 | (0.08) | 0.00 | (0.97) | 0.00 | 1.53 | 6.38 | |||
| STN | 0.91 | 0.02 | (0.04) | 0.17 | 1.11 | 2.45 | 7.96 | |||
| FTT | 1.21 | (0.09) | 0.00 | (0.21) | 0.00 | 3.30 | 14.51 | |||
| FSV | 0.74 | 0.19 | 0.09 | (5.11) | 0.53 | 1.81 | 4.59 | |||
| CCL-B | 0.83 | 0.00 | (0.09) | 0.12 | 1.14 | 1.79 | 5.21 |
Cross Equities Net Income Analysis
Compare Ritchie Bros Auctioneers and related stocks such as Toromont Industries, Stantec, and Finning International Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TIH | 7.8 M | 247.1 M | 120.6 M | 123 M | 133.2 M | 145.7 M | 155.7 M | 176 M | 252 M | 286.8 M | 254.9 M | 332.7 M | 454.2 M | 534.7 M | 561.4 M |
| STN | (663.9 M) | 12.7 M | 120.9 M | 146.2 M | 164.5 M | 156.4 M | 130.5 M | 97 M | 47.4 M | 194.4 M | 171.1 M | 200.7 M | 247 M | 331.2 M | 347.8 M |
| FTT | 61.4 M | 259.4 M | 337.6 M | 335.3 M | 318.2 M | (161 M) | 65 M | 221 M | 232 M | 242 M | 232 M | 364 M | 503 M | 523 M | 549.1 M |
| FSV | (33 M) | 74.1 M | 5.8 M | (18 M) | 13 M | 21.4 M | 33.6 M | 53.1 M | 65.9 M | (227.6 M) | 87.3 M | 135.2 M | 121.1 M | 100.4 M | 105.4 M |
| CCL-B | 32.8 M | 84.1 M | 97.5 M | 103.6 M | 216.6 M | 295.1 M | 346.8 M | 474.1 M | 466.8 M | 477.1 M | 529.7 M | 599.1 M | 622.7 M | 530.2 M | 556.7 M |
Ritchie Bros Auctioneers and related stocks such as Toromont Industries, Stantec, and Finning International Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Ritchie Bros Auctioneers financial statement analysis. It represents the amount of money remaining after all of Ritchie Bros Auctioneers operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Ritchie Bros Competitive Analysis
The better you understand Ritchie Bros competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Ritchie Bros' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Ritchie Bros' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Ritchie Bros Competition Performance Charts
Five steps to successful analysis of Ritchie Bros Competition
Ritchie Bros' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Ritchie Bros Auctioneers in relation to its competition. Ritchie Bros' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Ritchie Bros in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Ritchie Bros' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Ritchie Bros Auctioneers, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Other Information on Investing in Ritchie Stock
Ritchie Bros financial ratios help investors to determine whether Ritchie Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ritchie with respect to the benefits of owning Ritchie Bros security.