Microbix Biosystems Correlations
| MBXBF Stock | USD 0.16 0.00 0.00% |
The current 90-days correlation between Microbix Biosystems and Bonus BioGroup is 0.06 (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
Very good diversification
The correlation between Microbix Biosystems and DJI is -0.39 (i.e., Very good 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.
Microbix |
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
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
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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 | 0.78 | (0.44) | 0.00 | (1.50) | 0.00 | 0.00 | 16.67 | |||
| BBIXF | 3.31 | 0.89 | 0.00 | 1.23 | 0.00 | 0.00 | 110.00 | |||
| SPHRF | 1.05 | 0.30 | 0.00 | (0.41) | 0.00 | 0.00 | 33.33 | |||
| PVCT | 4.81 | (0.56) | 0.00 | 1.39 | 0.00 | 13.11 | 32.52 | |||
| FNCH | 1.21 | 0.04 | (0.02) | 22.35 | 1.57 | 3.21 | 8.64 | |||
| RVXCF | 4.86 | 0.59 | 0.02 | (0.32) | 6.94 | 14.29 | 54.17 | |||
| DTCFF | 3.86 | (0.48) | 0.00 | (0.95) | 0.00 | 8.62 | 25.11 | |||
| ELVAF | 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 | |||
| AHGIF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
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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.
| Mark Luscher | VP Affairs | Profile | |
| James Currie | Chief Officer | Profile | |
| Christopher Lobb | Gen Officer | Profile | |
| Kenneth Hughes | Chief Officer | Profile |