Rb Global Stock Market Value
| RBA Stock | USD 104.71 1.42 1.37% |
| Symbol | RBA |
Is Commercial Services & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of RB Global. If investors know RBA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about RB Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of RB Global is measured differently than its book value, which is the value of RBA that is recorded on the company's balance sheet. Investors also form their own opinion of RB Global's value that differs from its market value or its book value, called intrinsic value, which is RB Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because RB Global's market value can be influenced by many factors that don't directly affect RB Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between RB Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if RB Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RB Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
RB Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to RB Global's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of RB Global.
| 01/16/2024 |
| 01/05/2026 |
If you would invest 0.00 in RB Global on January 16, 2024 and sell it all today you would earn a total of 0.00 from holding RB Global or generate 0.0% return on investment in RB Global over 720 days. RB Global is related to or competes with Global Payments, UL Solutions, Fortress Transp, Rentokil Initial, NVent Electric, CH Robinson, and Snap On. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable asse... More
RB Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure RB Global's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess RB Global upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.27 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 2.07 |
RB Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RB Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RB Global's standard deviation. In reality, there are many statistical measures that can use RB Global historical prices to predict the future RB Global's volatility.| Risk Adjusted Performance | 0.0049 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.42) |
RB Global Backtested Returns
RB Global retains Efficiency (Sharpe Ratio) of close to zero, which implies the company had a close to zero % return per unit of price deviation over the last 3 months. RB Global exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RB Global's market risk adjusted performance of (0.41), and Information Ratio of (0.06) to confirm the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.0245, which implies not very significant fluctuations relative to the market. As returns on the market increase, RB Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding RB Global is expected to be smaller as well. At this point, RB Global has a negative expected return of -3.0E-4%. Please make sure to check RB Global's value at risk, rate of daily change, and the relationship between the total risk alpha and kurtosis , to decide if RB Global performance from the past will be repeated sooner or later.
Auto-correlation | 0.39 |
Below average predictability
RB Global has below average predictability. Overlapping area represents the amount of predictability between RB Global time series from 16th of January 2024 to 10th of January 2025 and 10th of January 2025 to 5th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of RB Global price movement. The serial correlation of 0.39 indicates that just about 39.0% of current RB Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 53.47 |
RB Global lagged returns against current returns
Autocorrelation, which is RB Global stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting RB Global's stock expected returns. We can calculate the autocorrelation of RB Global returns to help us make a trade decision. For example, suppose you find that RB Global has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
RB Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If RB Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RB Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RB Global stock over time.
Current vs Lagged Prices |
| Timeline |
RB Global Lagged Returns
When evaluating RB Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RB Global stock have on its future price. RB Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, RB Global autocorrelation shows the relationship between RB Global stock current value and its past values and can show if there is a momentum factor associated with investing in RB Global.
Regressed Prices |
| Timeline |
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Check out RB Global Correlation, RB Global Volatility and RB Global Alpha and Beta module to complement your research on RB Global. For information on how to trade RBA Stock refer to our How to Trade RBA Stock guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
RB Global technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.