Microbix Biosystems Correlations

MBXBF Stock

USD 0.16 0.01 6.67%

The current 90-days correlation between Microbix Biosystems and Bonus BioGroup is 0.01 (i.e., Significant diversification). The correlation of Microbix Biosystems 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Microbix Biosystems Correlation With Market

Significant diversification

The correlation between Microbix Biosystems and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Microbix Biosystems and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Microbix Biosystems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microbix Biosystems 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 Microbix Biosystems - 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 Microbix Biosystems to buy it.

Moving against Microbix OTC Stock

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Related Correlations Analysis

	CLYYF	BBIXF	SPHRF	PVCT	FNCH	RVXCF	DTCFF	ELVAF	EOFBF	AHGIF
CLYYF		-0.47	-0.08	0.77	-0.69	-0.42	-0.73	0.0	0.0	0.0	CLYYF
BBIXF	-0.47		0.21	-0.53	0.83	0.21	0.51	0.0	0.0	0.0	BBIXF
SPHRF	-0.08	0.21		-0.42	0.25	-0.01	-0.18	0.0	0.0	0.0	SPHRF
PVCT	0.77	-0.53	-0.42		-0.73	-0.26	-0.49	0.0	0.0	0.0	PVCT
FNCH	-0.69	0.83	0.25	-0.73		0.26	0.59	0.0	0.0	0.0	FNCH
RVXCF	-0.42	0.21	-0.01	-0.26	0.26		0.43	0.0	0.0	0.0	RVXCF
DTCFF	-0.73	0.51	-0.18	-0.49	0.59	0.43		0.0	0.0	0.0	DTCFF
ELVAF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		-1.0	-1.0	ELVAF
EOFBF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.0		1.0	EOFBF
AHGIF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.0	1.0		AHGIF
	CLYYF	BBIXF	SPHRF	PVCT	FNCH	RVXCF	DTCFF	ELVAF	EOFBF	AHGIF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AHGIF	+ 1.0	EOFBF
FNCH	+ 0.83	BBIXF
PVCT	+ 0.77	CLYYF
DTCFF	+ 0.59	FNCH
DTCFF	+ 0.51	BBIXF
DTCFF	+ 0.43	RVXCF

High negative correlations

AHGIF	- 1.0	ELVAF
EOFBF	- 1.0	ELVAF
FNCH	- 0.73	PVCT
DTCFF	- 0.73	CLYYF
FNCH	- 0.69	CLYYF
PVCT	- 0.53	BBIXF

Risk-Adjusted Indicators

There is a big difference between Microbix OTC Stock performing well and Microbix Biosystems OTC Stock 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 Microbix Biosystems' 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
CLYYF	2.25	(1.31)	0.00	(0.78)	0.00	0.00	0.00	0.00	51.22
BBIXF	30.38	12.46	0.00	3.23	0.00	0.00	0.00	0.00	1,000.00
SPHRF	5.18	2.30	0.00	(3.14)	0.00	0.00	4.55	0.00	150.43
PVCT	4.74	0.09	0.00	(0.22)	5.51	(6.59)	11.84	(9.37)	50.75
FNCH	1.40	0.15	0.04	0.75	1.46	(2.18)	3.41	(3.20)	15.90
RVXCF	3.80	0.34	0.01	(0.32)	5.29	(12.83)	14.29	(14.29)	53.33
DTCFF	3.70	0.07	0.02	0.11	4.34	(8.96)	11.11	(6.67)	43.04
ELVAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EOFBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AHGIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Microbix Biosystems 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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Microbix Biosystems Corporate Management

Elected by the shareholders, the Microbix Biosystems' board of directors comprises two types of representatives: Microbix Biosystems inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Microbix. The board's role is to monitor Microbix Biosystems' management team and ensure that shareholders' interests are well served. Microbix Biosystems' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Microbix Biosystems' outside directors are responsible for providing unbiased perspectives on the board's policies.

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