Burning Rock Biotech Stock Market Value
| BNR Stock | USD 6.16 0.85 16.01% |
| Symbol | Burning |
Burning Rock Biotech Price To Book Ratio
Is Biotechnology 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 Burning Rock. If investors know Burning 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 Burning Rock listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (7.63) | Revenue Per Share 49.754 | Quarterly Revenue Growth (0.07) | Return On Assets (0.31) | Return On Equity (0.69) |
The market value of Burning Rock Biotech is measured differently than its book value, which is the value of Burning that is recorded on the company's balance sheet. Investors also form their own opinion of Burning Rock's value that differs from its market value or its book value, called intrinsic value, which is Burning Rock'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 Burning Rock's market value can be influenced by many factors that don't directly affect Burning Rock'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 Burning Rock's value and its price as these two are different measures arrived at by different means. Investors typically determine if Burning Rock is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Burning Rock'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.
Burning Rock '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 Burning Rock'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 Burning Rock.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Burning Rock on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Burning Rock Biotech or generate 0.0% return on investment in Burning Rock over 360 days. Burning Rock is related to or competes with Fonar, Sera Prognostics, Neuronetics, DarioHealth Corp, Sotera Health, Neogen, and Qiagen NV. Burning Rock Biotech Limited primarily develops and provides cancer therapy selection tests in the Peoples Republic of C... More
Burning Rock 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 Burning Rock'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 Burning Rock Biotech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.56 | |||
| Information Ratio | 0.0454 | |||
| Maximum Drawdown | 46.14 | |||
| Value At Risk | (7.67) | |||
| Potential Upside | 16.01 |
Burning Rock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Burning Rock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Burning Rock's standard deviation. In reality, there are many statistical measures that can use Burning Rock historical prices to predict the future Burning Rock's volatility.| Risk Adjusted Performance | 0.0558 | |||
| Jensen Alpha | 0.2888 | |||
| Total Risk Alpha | (0.94) | |||
| Sortino Ratio | 0.0463 | |||
| Treynor Ratio | 0.2839 |
Burning Rock Biotech Backtested Returns
Burning Rock appears to be very risky, given 3 months investment horizon. Burning Rock Biotech secures Sharpe Ratio (or Efficiency) of 0.0817, which signifies that the company had a 0.0817% return per unit of risk over the last 3 months. By analyzing Burning Rock's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please makes use of Burning Rock's Downside Deviation of 8.56, risk adjusted performance of 0.0558, and Mean Deviation of 5.57 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Burning Rock holds a performance score of 6. The firm shows a Beta (market volatility) of 1.85, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Burning Rock will likely underperform. Please check Burning Rock's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Burning Rock's price patterns will revert.
Auto-correlation | 0.44 |
Average predictability
Burning Rock Biotech has average predictability. Overlapping area represents the amount of predictability between Burning Rock time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 Burning Rock Biotech price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Burning Rock price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 2.77 |
Burning Rock Biotech lagged returns against current returns
Autocorrelation, which is Burning Rock 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 Burning Rock's stock expected returns. We can calculate the autocorrelation of Burning Rock returns to help us make a trade decision. For example, suppose you find that Burning Rock 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 |
Burning Rock 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 Burning Rock stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Burning Rock stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Burning Rock stock over time.
Current vs Lagged Prices |
| Timeline |
Burning Rock Lagged Returns
When evaluating Burning Rock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Burning Rock stock have on its future price. Burning Rock 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, Burning Rock autocorrelation shows the relationship between Burning Rock stock current value and its past values and can show if there is a momentum factor associated with investing in Burning Rock Biotech.
Regressed Prices |
| Timeline |
Pair Trading with Burning Rock
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Burning Rock position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Burning Rock will appreciate offsetting losses from the drop in the long position's value.Moving against Burning Stock
| 0.65 | GANX | Gain Therapeutics | PairCorr |
| 0.52 | BHC | Bausch Health Companies | PairCorr |
| 0.49 | HCM | HUTCHMED DRC | PairCorr |
| 0.42 | EWTX | Edgewise Therapeutics | PairCorr |
| 0.41 | PFE | Pfizer Inc Aggressive Push | PairCorr |
The ability to find closely correlated positions to Burning Rock could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Burning Rock when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Burning Rock - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Burning Rock Biotech to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Burning Rock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Burning Rock Biotech moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Burning Rock can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Burning Stock Analysis
When running Burning Rock's price analysis, check to measure Burning Rock's 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 Burning Rock is operating at the current time. Most of Burning Rock's value examination focuses on studying past and present price action to predict the probability of Burning Rock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Burning Rock's price. Additionally, you may evaluate how the addition of Burning Rock to your portfolios can decrease your overall portfolio volatility.