Ritchie Bros Auctioneers (RBA)
Ritchie Bros Auctioneers Beta: 1.122
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RBA Beta Range, Past 5 Years
| Minimum | -0.5462 | Oct 2007 |
| Maximum | 1.247 | Sep 2011 |
| Average | 0.6670 |
About Beta 60 Month
YCharts calculates the 60 month market beta by regressing stock returns less the risk free rate of returns on the market returns less the risk free rate of return (Market returns come from the S&P 500 Total Returns Index (SPXTR), and the risk free rate is the 4 Week Average T-Bill (Monthly). There must be a minimum of 36 months of stock returns for a company to have its beta calculated.
Beta is a measure of the risk of a stock when it is included in a well-diversified portfolio.
In financial theory, the Capital Asset Pricing Model breaks down expected stock returns into two components. The first is the return that would be expected based on covariance with the movements of the market (for most stocks, when the market as a whole goes up, the price of the stock will also go up). The second part is the increase in the price of a stock that is not explained by the market. The first part - covariance with the market - is what Beta captures.
When Beta is positive, the stock price tends to move in the same direction as the market, and the magnitude of Beta tells by how much. If a stock's Beta is greater than 1, that means that when the market index goes up 1%, we expect the stock will go up by more than 1%. On the contrary, if the market goes down by 1%, we expect the stock to go down by more than 1%. Negative Betas, while rare, signify a negative correlation. When the market goes up, we would expect the stock price to go down.
For readers with a background in regression analysis, Beta is the slope of the linear regression shown in the formula below, where Returns are the return on an individual stock or portfolio, Rf is the risk free rate, RMarket is the return on a market portfolio, and e is an error term.
Learn More
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RBA News
May 28, 8:00AM PR Newswire
about 22 days ago by michaelbabad
May 09, 12:10PM Business Wire
May 07, 2:14AM Benzinga
May 04, 8:06PM PR Newswire
May 03, 7:03AM Street Insider
Apr 27, 7:00AM PR Newswire
Apr 18, 6:00PM Business Wire
about 77 days ago by Stocktradersroom
Mar 15, 7:00AM PR Newswire
Mar 12, 7:12AM Street Insider
Mar 12, 7:05AM Benzinga
Mar 01, 2:00PM PR Newswire
Feb 29, 9:49AM Street Insider
about 95 days ago by ivan_bg
Feb 23, 10:00AM PR Newswire
Feb 16, 6:00PM Business Wire
Feb 07, 12:00PM PR Newswire
about 212 days ago by PavolHollosy
about 231 days ago by 1nvestor
about 300 days ago by DynamicDividend
about 365 days ago by mbabad
about 365 days ago by mbabad
about 429 days ago by chartly
about 429 days ago by themeatbaron
about 443 days ago by jimvanmeerten
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| RBA | 19.72 | -0.44 | -2.18% | 2.145B |
| RAD | 1.285 | -0.03 | -1.91% | 1.177B |
| RA | 23.82 | +0.07 | +0.29% | 1.200B |
| R | 42.87 | -0.07 | -0.16% | 2.196B |
| QXM | 0.48 | +0.00 | +0.00% | 27.79M |
| QUIK | 3.06 | -0.03 | -0.97% | 119.46M |
| QUAD | 12.35 | -0.11 | -0.88% | 407.82M |
| QTWW | 0.63 | +0.01 | +1.61% | 10.01M |
| QTM | 1.95 | +0.05 | +2.63% | 445.17M |
| QTEC | 24.28 | -0.23 | -0.94% |
