Microbix Biosystems Stock Market Value
| MBX Stock | CAD 0.30 0.01 3.45% |
| Symbol | Microbix |
Microbix Biosystems 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Microbix Biosystems' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Microbix Biosystems.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in Microbix Biosystems on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding Microbix Biosystems or generate 0.0% return on investment in Microbix Biosystems over 90 days. Microbix Biosystems is related to or competes with Helix BioPharma, Oncolytics Biotech, Resverlogix Corp, Theratechnologies, and Spectral Med. Microbix Biosystems Inc., a life science company, manufactures viral and bacterial antigens and reagents for the diagnos... More
Microbix Biosystems Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Microbix Biosystems' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Microbix Biosystems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 16.23 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.33 |
Microbix Biosystems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Microbix Biosystems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Microbix Biosystems' standard deviation. In reality, there are many statistical measures that can use Microbix Biosystems historical prices to predict the future Microbix Biosystems' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | 1.71 |
Microbix Biosystems Backtested Returns
Microbix Biosystems has Sharpe Ratio of -0.0785, which conveys that the firm had a -0.0785 % return per unit of risk over the last 3 months. Microbix Biosystems exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Microbix Biosystems' Mean Deviation of 1.86, risk adjusted performance of (0.06), and Standard Deviation of 2.7 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Microbix Biosystems are expected to decrease at a much lower rate. During the bear market, Microbix Biosystems is likely to outperform the market. At this point, Microbix Biosystems has a negative expected return of -0.21%. Please make sure to verify Microbix Biosystems' jensen alpha and the relationship between the potential upside and period momentum indicator , to decide if Microbix Biosystems performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Microbix Biosystems has very weak predictability. Overlapping area represents the amount of predictability between Microbix Biosystems time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Microbix Biosystems price movement. The serial correlation of 0.19 indicates that over 19.0% of current Microbix Biosystems price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Microbix Biosystems lagged returns against current returns
Autocorrelation, which is Microbix Biosystems stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Microbix Biosystems' stock expected returns. We can calculate the autocorrelation of Microbix Biosystems returns to help us make a trade decision. For example, suppose you find that Microbix Biosystems has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Microbix Biosystems regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Microbix Biosystems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Microbix Biosystems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Microbix Biosystems stock over time.
Current vs Lagged Prices |
| Timeline |
Microbix Biosystems Lagged Returns
When evaluating Microbix Biosystems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Microbix Biosystems stock have on its future price. Microbix Biosystems autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Microbix Biosystems autocorrelation shows the relationship between Microbix Biosystems stock current value and its past values and can show if there is a momentum factor associated with investing in Microbix Biosystems.
Regressed Prices |
| Timeline |
Pair Trading with Microbix Biosystems
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 Microbix Biosystems 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 Microbix Biosystems will appreciate offsetting losses from the drop in the long position's value.Moving together with Microbix Stock
Moving against Microbix Stock
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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.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microbix Biosystems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microbix Biosystems 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 Microbix Biosystems 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.Other Information on Investing in Microbix Stock
Microbix Biosystems financial ratios help investors to determine whether Microbix Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Microbix with respect to the benefits of owning Microbix Biosystems security.