Rb Global Stock Market Value
| RBA Stock | USD 95.34 1.60 1.71% |
| Symbol | RBA |
RB Global Price To Book Ratio
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.
Quarterly Earnings Growth 0.2 | Dividend Share 1.12 | Earnings Share 1.86 | Revenue Per Share 22.8 | Quarterly Revenue Growth (0.04) |
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.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in RB Global on December 3, 2022 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 First Advantage, Civeo Corp, Performant Financial, Network 1, Mader Group, BrightView Holdings, and Maximus. 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.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.0665 | |||
| Maximum Drawdown | 8.23 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 2.32 |
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 | 0.1132 | |||
| Jensen Alpha | 0.1215 | |||
| Total Risk Alpha | 0.007 | |||
| Sortino Ratio | 0.0774 | |||
| Treynor Ratio | 0.2626 |
RB Global Backtested Returns
At this point, RB Global is very steady. RB Global retains Efficiency (Sharpe Ratio) of 0.11, which implies the company had a 0.11% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for RB Global, which you can use to evaluate the volatility of the entity. Please check RB Global's market risk adjusted performance of 0.2726, and Standard Deviation of 1.45 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. RB Global has a performance score of 8 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.75, which implies possible diversification benefits within a given portfolio. 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. RB Global today owns a risk of 1.46%. Please check RB Global sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to decide if RB Global will be following its current price history.
Auto-correlation | 0.57 |
Modest predictability
RB Global has modest predictability. Overlapping area represents the amount of predictability between RB Global time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd of November 2024. 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 0.57 indicates that roughly 57.0% of current RB Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 60.47 |
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 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether RB Global offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of RB Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Rb Global Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Rb Global Stock: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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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.