Microbix Biosystems Stock Statistic Functions Beta

MBX Stock  CAD 0.25  0.01  4.17%   
The statistic functions module provides an execution environment for Beta function and related indicators on Microbix Biosystems. This view tracks statistical functions describing dispersion and variability to support structured performance interpretation without implying advice. Enter Time Period to run the technical study.

This analysis covers twenty-seven data points across the selected time horizon. The Beta measures systematic risk based on how returns on Microbix Biosystems correlated with the market. If Beta is less than 0 Microbix Biosystems generally moves in the opposite direction as compared to the market. If Microbix Biosystems Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Microbix Biosystems is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Microbix Biosystems is generally in the same direction as the market. If Beta > 1 Microbix Biosystems moves generally in the same direction as, but more than the movement of the benchmark.

Microbix Biosystems Technical Analysis Modules

Technical analysis of Microbix Biosystems uses historical price and volume data to identify patterns that may signal where the Microbix trend is heading. Divergences between price action and indicator readings often precede meaningful reversals or acceleration.

Methodology, Assumptions & Data Sources

This page provides reference data for Microbix Biosystems's Statistic Functions, tracking historical values and trends over time. The coefficient of variation captures dispersion relative to the mean level.

Unless otherwise specified, data for Microbix Biosystems is compiled from periodic company reporting and market reference feeds and standardized for comparability. Updates may occur throughout the day.

This content is curated and reviewed by:

Raphi Shpitalnik - Junior Member of Macroaxis Editorial Board
Last reviewed on March 6th, 2026