Ritchie Bros Auctioneers Stock Price Prediction
| RBA Stock | CAD 100.52 0.47 0.47% |
Oversold Vs Overbought
49
Oversold | Overbought |
Ritchie Bros Auctioneers stock price prediction is an act of determining the future value of Ritchie Bros shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Ritchie Bros' future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Ritchie Bros and does not consider all of the tangible or intangible factors available from Ritchie Bros' fundamental data. We analyze noise-free headlines and recent hype associated with Ritchie Bros Auctioneers, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Ritchie Bros' stock price prediction:Quarterly Earnings Growth 0.006 | EPS Estimate Next Quarter 0.98 | EPS Estimate Current Year 4.32 | EPS Estimate Next Year 4.92 | Wall Street Target Price 110.36 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Ritchie Bros based on different types of headlines from major news networks to social media. The Ritchie stock price prediction module provides an analysis of price elasticity to changes in media outlook on Ritchie Bros over a specific investment horizon. Using Ritchie Bros hype-based prediction, you can estimate the value of Ritchie Bros Auctioneers from the perspective of Ritchie Bros response to recently generated media hype and the effects of current headlines on its competitors.
This module is based on analyzing investor sentiment around taking a position in Ritchie Bros. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Ritchie Bros to buy its stock at a price that has no basis in reality. In that case, they are not buying Ritchie because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Ritchie Bros after-hype prediction price | CAD 99.94 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Ritchie |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ritchie Bros' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ritchie Bros After-Hype Price Prediction Density Analysis
As far as predicting the price of Ritchie Bros at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Ritchie Bros or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Ritchie Bros, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Ritchie Bros Estimiated After-Hype Price Volatility
In the context of predicting Ritchie Bros' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Ritchie Bros' historical news coverage. Ritchie Bros' after-hype downside and upside margins for the prediction period are 98.09 and 101.79, respectively. We have considered Ritchie Bros' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Ritchie Bros is very steady at this time. Analysis and calculation of next after-hype price of Ritchie Bros Auctioneers is based on 3 months time horizon.
Ritchie Bros Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Ritchie Bros is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Ritchie Bros backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Ritchie Bros, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.32 | 1.85 | 0.11 | 0.08 | 1 Events / Month | 1 Events / Month | Very soon |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
100.52 | 99.94 | 0.11 |
|
Ritchie Bros Hype Timeline
Ritchie Bros Auctioneers is at this time traded for 100.52on Toronto Exchange of Canada. The entity has historical hype elasticity of -0.11, and average elasticity to hype of competition of -0.08. Ritchie is forecasted to decline in value after the next headline, with the price expected to drop to 99.94. The average volatility of media hype impact on the company price is over 100%. The price drop on the next news is expected to be -0.11%, whereas the daily expected return is at this time at 0.32%. The volatility of related hype on Ritchie Bros is about 728.35%, with the expected price after the next announcement by competition of 100.44. About 95.0% of the company shares are owned by institutional investors. The book value of Ritchie Bros was at this time reported as 27.44. The company has Price/Earnings To Growth (PEG) ratio of 2.68. Ritchie Bros Auctioneers last dividend was issued on the 8th of February 2024. The entity had 3:1 split on the 22nd of April 2008. Assuming the 90 days trading horizon the next forecasted press release will be very soon. Check out Ritchie Bros Basic Forecasting Models to cross-verify your projections.Ritchie Bros Related Hype Analysis
Having access to credible news sources related to Ritchie Bros' direct competition is more important than ever and may enhance your ability to predict Ritchie Bros' future price movements. Getting to know how Ritchie Bros' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Ritchie Bros may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| TIH | Toromont Industries | 0.78 | 6 per month | 0.76 | 0.08 | 1.65 | (1.07) | 8.02 | |
| STN | Stantec | 0.43 | 7 per month | 0.85 | (0.05) | 1.69 | (1.44) | 5.12 | |
| FTT | Finning International | (1.10) | 5 per month | 2.22 | 0.03 | 2.82 | (3.03) | 12.20 | |
| FSV | FirstService Corp | (0.41) | 10 per month | 0.00 | (0.15) | 1.48 | (1.90) | 4.20 | |
| CCL-B | CCL Industries | (0.97) | 5 per month | 0.57 | 0.12 | 2.38 | (1.55) | 18.23 |
Ritchie Bros Additional Predictive Modules
Most predictive techniques to examine Ritchie price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Ritchie using various technical indicators. When you analyze Ritchie charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Ritchie Bros Predictive Indicators
The successful prediction of Ritchie Bros stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Ritchie Bros Auctioneers, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Ritchie Bros based on analysis of Ritchie Bros hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Ritchie Bros's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Ritchie Bros's related companies. | 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0155 | 0.018 | 0.0222 | 0.0215 | Price To Sales Ratio | 4.73 | 3.69 | 4.02 | 6.72 |
Story Coverage note for Ritchie Bros
The number of cover stories for Ritchie Bros depends on current market conditions and Ritchie Bros' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Ritchie Bros is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Ritchie Bros' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
Other Macroaxis Stories
Our audience includes start-ups and big corporations as well as marketing, public relation firms, and advertising agencies, including technology and finance journalists. Our platform and its news and story outlet are popular among finance students, amateur traders, self-guided investors, entrepreneurs, retirees and baby boomers, academic researchers, financial advisers, as well as professional money managers - a very diverse and influential demographic landscape united by one goal - build optimal investment portfolios
Story Categories
Currently Trending Categories
Ritchie Bros Short Properties
Ritchie Bros' future price predictability will typically decrease when Ritchie Bros' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Ritchie Bros Auctioneers often depends not only on the future outlook of the potential Ritchie Bros' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Ritchie Bros' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 182.8 M |
Check out Ritchie Bros Basic Forecasting Models to cross-verify your projections. Note that the Ritchie Bros Auctioneers information on this page should be used as a complementary analysis to other Ritchie Bros' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Ritchie Stock analysis
When running Ritchie Bros' price analysis, check to measure Ritchie Bros' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ritchie Bros is operating at the current time. Most of Ritchie Bros' value examination focuses on studying past and present price action to predict the probability of Ritchie Bros' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ritchie Bros' price. Additionally, you may evaluate how the addition of Ritchie Bros to your portfolios can decrease your overall portfolio volatility.
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance |