Burning Stock Market Value

BNR
 Stock
  

USD 3.52  0.15  4.09%   

Burning Rock's market value is the price at which a share of Burning Rock stock trades on a public exchange. It measures the collective expectations of Burning Rock Biotech investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Burning Rock Biotech and determine expected loss or profit from investing in Burning Rock over a given investment horizon. Continue to Burning Rock Correlation, Burning Rock Volatility and Burning Rock Alpha and Beta module to complement your research on Burning Rock.
Symbol


Is Burning Rock's industry 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.
Market Capitalization
369.7 M
Quarterly Revenue Growth YOY
0.27
Return On Assets
-0.23
Return On Equity
-0.44
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 Burning Rock value 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.
0.00
07/20/2022
No Change 0.00  0.0 
In 31 days
08/19/2022
0.00
If you would invest  0.00  in Burning Rock on July 20, 2022 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 30 days. Burning Rock is related to or competes with Agilent Technologies, American Express, Verizon Communications, Hp, Chevron Corp, Boeing, and 3M. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Burning Rock's 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. Please use the tools below to analyze the current value of Burning Rock in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.183.619.86
Details
Intrinsic
Valuation
LowReal ValueHigh
2.408.6514.90
Details
Naive
Forecast
LowNext ValueHigh
0.084.0810.33
Details
3 Analysts
Consensus
LowTarget PriceHigh
23.0024.8526.70
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Burning Rock. Your research has to be compared to or analyzed against Burning Rock's peers to derive any actionable benefits. When done correctly, Burning Rock's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Burning Rock Biotech.

Burning Rock Biotech Backtested Returns

Burning Rock appears to be moderately volatile, given 3 months investment horizon. Burning Rock Biotech secures Sharpe Ratio (or Efficiency) of 0.0718, which signifies that the company had 0.0718% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Burning Rock Biotech, which you can use to evaluate the future volatility of the firm. Please makes use of Burning Rock's Mean Deviation of 4.71, risk adjusted performance of 0.072, and Downside Deviation of 5.66 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 5. The firm shows a Beta (market volatility) of 1.4859, which signifies a somewhat significant risk relative to the market. Let's try to break down what Burning's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Burning Rock will likely underperform. Although it is vital to follow Burning Rock Biotech historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Burning Rock Biotech technical indicators, you can presently evaluate if the expected return of 0.45% will be sustainable into the future. Please makes use of Burning Rock Biotech standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to make a quick decision on whether Burning Rock price patterns will revert.

Auto-correlation

    
  -0.26  

Weak reverse predictability

Burning Rock Biotech has weak reverse predictability. Overlapping area represents the amount of predictability between Burning Rock time series from 20th of July 2022 to 4th of August 2022 and 4th of August 2022 to 19th of August 2022. 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 -0.26 indicates that nearly 26.0% of current Burning Rock price fluctuation can be explain by its past prices.
Correlation Coefficient-0.26
Spearman Rank Test0.15
Residual Average0.0
Price Variance0.04

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 stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       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   
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       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   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Burning Rock without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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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 Rock

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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 equities. 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.
Pair CorrelationCorrelation Matching
Continue to Burning Rock Correlation, Burning Rock Volatility and Burning Rock Alpha and Beta module to complement your research on Burning Rock. Note that the Burning Rock Biotech information on this page should be used as a complementary analysis to other Burning Rock's 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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running Burning Rock Biotech 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 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.
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Burning Rock technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Burning Rock technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Burning Rock trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...