Burning Inventory from 2010 to 2025

BNR Stock  USD 6.94  0.80  13.03%   
Burning Rock Inventory yearly trend continues to be relatively stable with very little volatility. Inventory is likely to grow to about 91.3 M this year. During the period from 2010 to 2025, Burning Rock Inventory destribution of quarterly values had range of 81.3 M from its regression line and mean deviation of  20,424,319. View All Fundamentals
 
Inventory  
First Reported
2019-12-31
Previous Quarter
65.8 M
Current Value
66.4 M
Quarterly Volatility
32.1 M
 
Covid
Check Burning Rock financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Burning Rock's main balance sheet or income statement drivers, such as Tax Provision of 3.9 M, Net Interest Income of 18.4 M or Interest Income of 10 M, as well as many indicators such as Price To Sales Ratio of 1.43, Dividend Yield of 0.0 or PTB Ratio of 1.0. Burning financial statements analysis is a perfect complement when working with Burning Rock Valuation or Volatility modules.
  
Check out the analysis of Burning Rock Correlation against competitors.

Latest Burning Rock's Inventory Growth Pattern

Below is the plot of the Inventory of Burning Rock Biotech over the last few years. It is Burning Rock's Inventory historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Burning Rock's overall financial position and show how it may be relating to other accounts over time.
Inventory10 Years Trend
Slightly volatile
   Inventory   
58.168.0123.130.69.079.491.317%81%6%-47%15%15%100%
       Timeline  

Burning Inventory Regression Statistics

Arithmetic Mean66,300,555
Geometric Mean62,352,330
Coefficient Of Variation40.63
Mean Deviation20,424,319
Median49,055,000
Standard Deviation26,937,996
Sample Variance725.7T
Range81.3M
R-Value0.68
Mean Square Error417.2T
R-Squared0.46
Significance0
Slope3,851,778
Total Sum of Squares10884.8T

Burning Inventory History

202591.3 M
202479.4 M
202369 M
2022130.3 M
2021123.2 M
202068 M
201958.1 M

Other Fundumenentals of Burning Rock Biotech

About Burning Rock Financial Statements

Burning Rock shareholders use historical fundamental indicators, such as Inventory, to determine how well the company is positioned to perform in the future. Although Burning Rock investors may analyze each financial statement separately, they are all interrelated. The changes in Burning Rock's assets and liabilities, for example, are also reflected in the revenues and expenses on on Burning Rock's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Inventory79.4 M91.3 M
Change To Inventory65.9 M69.2 M
Inventory Turnover 2.90  1.97 
Days Of Inventory On Hand 130.15  174.29 
Days Of Inventory Outstanding 130.15  174.29 

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

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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 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.
Pair CorrelationCorrelation Matching

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.
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