Burning Competitors
| BNR Stock | USD 30.43 1.55 5.37% |
Burning Rock vs Allurion Technologies Correlation
Very good diversification
The correlation between Burning Rock Biotech and ALUR is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Burning Rock Biotech and ALUR in the same portfolio, assuming nothing else is changed.
Moving together with Burning Stock
Moving against Burning Stock
| 0.86 | ABP | Abpro Holdings | PairCorr |
| 0.86 | GNLX | Genelux Common | PairCorr |
| 0.84 | LYRA | Lyra Therapeutics | PairCorr |
| 0.78 | DWTX | Dogwood Therapeutics | PairCorr |
| 0.76 | KURA | Kura Oncology | PairCorr |
Burning Rock Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Burning Rock and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Burning and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Burning Rock Biotech does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMS | 1.37 | 0.10 | 0.02 | 0.45 | 1.29 | 3.81 | 10.96 | |||
| PMN | 5.11 | 0.82 | 0.11 | 1.92 | 6.22 | 13.32 | 38.10 | |||
| EKSO | 6.16 | 1.44 | 0.25 | 0.68 | 5.29 | 10.72 | 112.11 | |||
| PRPH | 8.33 | (3.34) | 0.00 | 1.64 | 0.00 | 15.47 | 77.27 | |||
| CODX | 5.92 | (1.84) | 0.00 | (0.78) | 0.00 | 9.88 | 75.41 | |||
| AYTU | 2.71 | 0.07 | 0.01 | 0.19 | 3.73 | 4.69 | 16.84 | |||
| NVNO | 5.63 | (1.28) | 0.00 | (0.42) | 0.00 | 8.99 | 41.30 | |||
| AEMD | 5.41 | (0.88) | 0.00 | (1.76) | 0.00 | 10.51 | 38.52 | |||
| ADVB | 4.06 | (0.82) | 0.00 | (0.61) | 0.00 | 8.11 | 28.22 | |||
| ALUR | 5.93 | (0.65) | 0.00 | (0.09) | 0.00 | 16.54 | 40.95 |
Cross Equities Net Income Analysis
Compare Burning Rock Biotech and related stocks such as American Shared Hospital, ProMIS Neurosciences, and Ekso Bionics Holdings Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMS | (500 K) | 506 K | 38 K | (312 K) | (952 K) | (1.5 M) | 930 K | 1.9 M | 1 M | 659 K | (7.1 M) | 194 K | 1.3 M | 610 K | 2.2 M | 2.5 M | 2.6 M |
| PMN | (1.7 M) | (2.5 M) | (2.2 M) | (2 M) | (1.5 M) | (1.5 M) | (2.6 M) | (4.8 M) | (7.5 M) | (7.4 M) | (5.7 M) | (9.7 M) | (18.1 M) | (17.5 M) | 2.8 M | 2.5 M | 2.6 M |
| EKSO | (15 M) | (15 M) | (15 M) | (12.3 K) | (33.8 M) | (19.6 M) | (23.5 M) | (29.1 M) | (27 M) | (12.1 M) | (15.8 M) | (9.8 M) | (15.1 M) | (15.2 M) | (11.3 M) | (13 M) | (13.7 M) |
| PRPH | (700 K) | (2.7 M) | (1.1 M) | 405 K | (7.8 M) | (3.6 M) | (2.9 M) | 41.8 M | (1.7 M) | (3.1 M) | (2.1 M) | 6.3 M | 18.5 M | (16.8 M) | (53.4 M) | (48 M) | (45.6 M) |
| CODX | (1 M) | (1 M) | (1 M) | (1 M) | (1 M) | (2 M) | (1.9 M) | (7 M) | (6.3 M) | (6.2 M) | 42.5 M | 36.7 M | (14.2 M) | (35.3 M) | (37.6 M) | (33.9 M) | (32.2 M) |
| AYTU | (49 K) | (59.7 K) | (57.3 K) | (5.6 M) | (7.7 M) | (28.2 M) | (22.5 M) | (10.2 M) | (47.2 M) | (13.6 M) | (58.3 M) | (108.8 M) | (17.1 M) | (15.8 M) | (13.6 M) | (12.2 M) | (12.8 M) |
| NVNO | (1.4 M) | (1.4 M) | (1.4 M) | (1.4 M) | (1.4 M) | (1.6 M) | (5.9 M) | (7.8 M) | (13 M) | (7.6 M) | (9.1 M) | (16.5 M) | (24.7 M) | (23.5 M) | (21.8 M) | (19.6 M) | (18.7 M) |
| AEMD | (1.5 K) | (8.1 M) | (4.9 M) | (13.4 M) | (6.8 M) | (4.9 M) | (7.3 M) | (5.7 M) | (6.2 M) | (6.4 M) | (7.8 M) | (10.4 M) | (12 M) | (12.2 M) | (13.4 M) | (12 M) | (11.4 M) |
| ADVB | (1.8 M) | (1.8 M) | (1.8 M) | (1.8 M) | (1.8 M) | (1.8 M) | (1.8 M) | (1.8 M) | (1.8 M) | (1.8 M) | (1.8 M) | (142.4 K) | (121.5 K) | (87.4 K) | (101.5 K) | (116.8 K) | (122.6 K) |
| ALUR | (5.2 K) | (5.2 K) | (5.2 K) | (5.2 K) | (5.2 K) | (5.2 K) | (5.2 K) | (5.2 K) | (5.2 K) | (5.2 K) | (5.2 K) | (12.4 M) | (37.7 M) | (80.6 M) | (26.1 M) | (23.5 M) | (24.7 M) |
Burning Rock Biotech and related stocks such as American Shared Hospital, ProMIS Neurosciences, and Ekso Bionics Holdings Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Burning Rock Biotech financial statement analysis. It represents the amount of money remaining after all of Burning Rock Biotech operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Burning Rock Competitive Analysis
The better you understand Burning Rock competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Burning Rock's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Burning Rock's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Burning Rock Competition Performance Charts
Five steps to successful analysis of Burning Rock Competition
Burning Rock's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Burning Rock Biotech in relation to its competition. Burning Rock's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Burning Rock in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Burning Rock's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Burning Rock Biotech, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Burning Rock position
In addition to having Burning Rock in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Entertainment Thematic Idea Now
Entertainment
Companies from entertainment industry including show business, news and media. The Entertainment theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Entertainment Theme or any other thematic opportunities.
| View All Next | Launch |
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.