Burning Rock Biotech Limited American Depositary Shares (BNR) — Stock Correlations & Overview
Over the past year, BNR has moved most closely with DOUG, FMY, GFGF. Explore the stocks most correlated and inversely correlated with BNR below, along with its price, financials, and company profile.
Stocks correlated with BNR
Correlation of daily returns. Higher positive values move with BNR; negative values move opposite it. Informational only, not investment advice.
Most correlated with BNR
| Symbol | Company | Correlation |
|---|---|---|
| DOUG | Douglas Elliman Inc.REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) | 0.28 |
| FMY | FIRST TRUST MORTGAGE INCOME FUND | 0.26 |
| GFGF | Guru Favorite Stocks ETF | 0.26 |
| ISD | PGIM High Yield Bond Fund, Inc. | 0.25 |
| OBIO | Orchestra BioMed Holdings, Inc. Ordinary SharesSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.25 |
Frequently asked questions about BNR correlations
- Which stocks are most correlated with BNR?
- Based on one year of daily returns, the stocks most correlated with Burning Rock Biotech Limited American Depositary Shares (BNR) are DOUG (0.28), FMY (0.26) and GFGF (0.26). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with BNR?
- Over the past year, the stocks most inversely correlated with Burning Rock Biotech Limited American Depositary Shares (BNR) are SDOW (-0.22), VIXM (-0.22) and DOG (-0.21). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these BNR correlations calculated?
- We compute the correlation of daily returns between BNR and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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