Burning Return On Equity from 2010 to 2024
| BNR Stock | USD 5.56 0.04 0.71% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter (0.85) | Current Value (0.81) | Quarterly Volatility 0.38427862 |
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 3.4 M, Net Interest Income of 16 M or Interest Income of 10 M, as well as many indicators such as Price To Sales Ratio of 1.24, Dividend Yield of 0.0 or PTB Ratio of 0.87. Burning financial statements analysis is a perfect complement when working with Burning Rock Valuation or Volatility modules.
Burning | Return On Equity |
Latest Burning Rock's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Burning Rock Biotech over the last few years. Return on Equity is the amount of Burning Rock Biotech net income returned as a percentage of Burning Rock equity. Return on equity measures Burning Rock profitability by revealing how much profit Burning Rock Biotech generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Burning Rock's Return On Equity 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.
| View | Last Reported -0.69 | 10 Years Trend |
|
Return On Equity |
| Timeline |
Burning Return On Equity Regression Statistics
| Arithmetic Mean | (0.59) | |
| Coefficient Of Variation | (65.24) | |
| Mean Deviation | 0.30 | |
| Median | (0.78) | |
| Standard Deviation | 0.38 | |
| Sample Variance | 0.15 | |
| Range | 1.1448 | |
| R-Value | 0.22 | |
| Mean Square Error | 0.15 | |
| R-Squared | 0.05 | |
| Significance | 0.43 | |
| Slope | 0.02 | |
| Total Sum of Squares | 2.07 |
Burning Return On Equity History
About Burning Rock Financial Statements
Burning Rock shareholders use historical fundamental indicators, such as Return On Equity, 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 Reported | Projected for Next Year | ||
| Return On Equity | (0.85) | (0.81) |
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
| 0.51 | MLYS | Mineralys Therapeutics, | PairCorr |
| 0.39 | KZR | Kezar Life Sciences | PairCorr |
| 0.35 | NXGLW | NexGel Warrant | PairCorr |
| 0.32 | KA | Kineta Inc | 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.