Burning Rock Correlations
| BNR Stock | USD 5.31 1.07 25.24% |
The current 90-days correlation between Burning Rock Biotech and Fonar is 0.11 (i.e., Average diversification). The correlation of Burning Rock is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Burning Rock Correlation With Market
Average diversification
The correlation between Burning Rock Biotech and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Burning Rock Biotech and DJI in the same portfolio, assuming nothing else is changed.
Burning |
Moving against Burning Stock
| 0.69 | GANX | Gain Therapeutics | PairCorr |
| 0.6 | BHC | Bausch Health Companies | PairCorr |
| 0.49 | EWTX | Edgewise Therapeutics | PairCorr |
| 0.48 | HCM | HUTCHMED DRC | PairCorr |
| 0.35 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.33 | GILD | Gilead Sciences | PairCorr |
| 0.73 | APGE | Apogee Therapeutics, | PairCorr |
| 0.53 | SMMT | Summit Therapeutics PLC | PairCorr |
| 0.35 | ANEB | Anebulo Pharmaceuticals | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Burning Stock performing well and Burning Rock Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Burning Rock's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FONR | 1.49 | (0.15) | 0.00 | (0.10) | 0.00 | 2.15 | 10.60 | |||
| SERA | 3.84 | (0.36) | 0.00 | (0.01) | 0.00 | 9.55 | 27.67 | |||
| OLK | 0.63 | 0.13 | 0.07 | 0.50 | 0.48 | 1.58 | 4.37 | |||
| LMDX | 4.74 | (0.96) | 0.00 | (0.64) | 0.00 | 11.54 | 34.05 | |||
| STIM | 5.11 | 0.11 | 0.03 | 0.16 | 7.39 | 8.99 | 59.07 | |||
| DRIO | 4.00 | (0.35) | 0.00 | (0.07) | 0.00 | 8.99 | 27.55 | |||
| GTH | 1.87 | 0.03 | (0.03) | (0.30) | 2.49 | 3.45 | 14.43 | |||
| SHC | 1.77 | (0.41) | 0.00 | (0.18) | 0.00 | 3.74 | 13.40 | |||
| NEOG | 2.15 | (0.47) | 0.00 | (0.15) | 0.00 | 4.09 | 12.51 | |||
| QGEN | 0.99 | (0.16) | 0.00 | (0.11) | 0.00 | 2.06 | 5.80 |
Burning Rock Corporate Management
| Jinxiang Li | Compliance CFO | Profile | |
| Yusheng Han | Chairman Founder | Profile | |
| Zhihong Zhang | Chief Officer | Profile | |
| Shaokun Chuai | Chief Director | Profile | |
| Hao Liu | Senior Advisor | Profile | |
| Xiaozhi Hu | Senior Finance | Profile |