Ritchie Bros Auctioneers Stock Probability of Future Stock Price Finishing Under 35.14

RBA Stock  CAD 104.11  1.30  1.26%   
Ritchie Bros' future price is the expected price of Ritchie Bros instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Ritchie Bros Auctioneers performance during a given time horizon utilizing its historical volatility. Check out Ritchie Bros Backtesting, Ritchie Bros Valuation, Ritchie Bros Correlation, Ritchie Bros Hype Analysis, Ritchie Bros Volatility, Ritchie Bros History as well as Ritchie Bros Performance.
  
At this time, Ritchie Bros' Price To Sales Ratio is very stable compared to the past year. As of the 28th of March 2024, Price To Operating Cash Flows Ratio is likely to grow to 29.40, while Price Earnings Ratio is likely to drop 46.60. Please specify Ritchie Bros' target price for which you would like Ritchie Bros odds to be computed.

Ritchie Bros Target Price Odds to finish below 35.14

The tendency of Ritchie Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to drop to C$ 35.14  or more in 90 days
 104.11 90 days 35.14 
near 1
Based on a normal probability distribution, the odds of Ritchie Bros to drop to C$ 35.14  or more in 90 days from now is near 1 (This Ritchie Bros Auctioneers probability density function shows the probability of Ritchie Stock to fall within a particular range of prices over 90 days) . Probability of Ritchie Bros Auctioneers price to stay between C$ 35.14  and its current price of C$104.11 at the end of the 90-day period is about 91.94 .
Assuming the 90 days trading horizon Ritchie Bros has a beta of 0.82 indicating as returns on the market go up, Ritchie Bros average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ritchie Bros Auctioneers will be expected to be much smaller as well. Additionally Ritchie Bros Auctioneers has an alpha of 0.1742, implying that it can generate a 0.17 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Ritchie Bros Price Density   
       Price  

Predictive Modules for Ritchie Bros

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ritchie Bros Auctioneers. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
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.
Hype
Prediction
LowEstimatedHigh
101.92103.85105.78
Details
Intrinsic
Valuation
LowRealHigh
93.70108.80110.73
Details
Naive
Forecast
LowNextHigh
103.96105.89107.83
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.830.971.02
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ritchie Bros. Your research has to be compared to or analyzed against Ritchie Bros' peers to derive any actionable benefits. When done correctly, Ritchie Bros' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Ritchie Bros Auctioneers.

Ritchie Bros Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Ritchie Bros is not an exception. The market had few large corrections towards the Ritchie Bros' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Ritchie Bros Auctioneers, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ritchie Bros within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
0.17
β
Beta against NYSE Composite0.82
σ
Overall volatility
7.71
Ir
Information ratio 0.08

Ritchie Bros Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Ritchie Bros for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ritchie Bros Auctioneers can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Over 95.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: Ritchie Brothers sets dates for online auctions of Yellow rolling stock - Truckers News

Ritchie Bros Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Ritchie Stock often depends not only on the future outlook of the current and 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 Outstanding182.8 M

Ritchie Bros Technical Analysis

Ritchie Bros' future price can be derived by breaking down and analyzing its technical indicators over time. Ritchie Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ritchie Bros Auctioneers. In general, you should focus on analyzing Ritchie Stock price patterns and their correlations with different microeconomic environments and drivers.

Ritchie Bros Predictive Forecast Models

Ritchie Bros' time-series forecasting models is one of many Ritchie Bros' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Ritchie Bros' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Ritchie Bros Auctioneers

Checking the ongoing alerts about Ritchie Bros for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ritchie Bros Auctioneers help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Over 95.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: Ritchie Brothers sets dates for online auctions of Yellow rolling stock - Truckers News
Check out Ritchie Bros Backtesting, Ritchie Bros Valuation, Ritchie Bros Correlation, Ritchie Bros Hype Analysis, Ritchie Bros Volatility, Ritchie Bros History as well as Ritchie Bros Performance.
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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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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.
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Please note, there is a significant difference between Ritchie Bros' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ritchie Bros is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ritchie Bros' 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.