MBGNF (Many Bright Ideas Technologies) Volatility: 41.00% (As of Jul. 16, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Many Bright Ideas Technologies Volatility?

Many Bright Ideas Technologies MBGNF Volatility is 41.00% as of Jul. 16, 2026. The stock has 1 warning sign investors should review.

Volatility is a statistical measure of the dispersion of returns for a given security or market index, it shows how the price swings around its mean. The volatility here is measured as the annualized standard deviation between monthly returns from the security over the past year. In most cases, the higher the volatility, the riskier the security.

As of today (2026-07-16), Many Bright Ideas Technologies's Volatility is 41.00%.

Many Bright Ideas Technologies  (OTCPK:MBGNF) Volatility Explanation

Volatility is a statistical measure of the dispersion of returns for a given security or market index. It’s often measured as standard deviation or variance of historical returns over a certain period. The volatility here is measured as the annualized standard deviation between monthly returns from the security over the past year.

Volatility reflects the uncertainty or risk of a security’s value. Generally speaking, a higher volatility suggests a higher risk, because it implies a wider fluctuation around average price. This means the price of the security can change dramatically in either direction within a short period. Conversely, a lower volatility means that the security's price is more steady, which suggests a lower risk.

Another measurement of relative volatility is Beta. Beta is a measure of systematic risk of a security or a portfolio in comparison to the market as a whole. Beta is usually compared to 1. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Many Bright Ideas Technologies Volatility Related Terms

MBGNF vs TMO, DHR, IDXX: Volatility Comparison

For the Diagnostics & Research subindustry, Many Bright Ideas Technologies's Volatility, along with its competitors' market caps and Volatility data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Many Bright Ideas Technologies Volatility vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Many Bright Ideas Technologies's Volatility distribution charts can be found below:

* The bar in red indicates where Many Bright Ideas Technologies's Volatility falls into.


Many Bright Ideas Technologies  (OTCPK:MBGNF) Volatility Calculation

The annualized volatility is calculated as following:

σA=σM * √12
=√ 1/(n-1) ∑(Ri - R')^2 * √12

Where: σM is the monthly volatility, n is the number of months in the period, Ri is the security's historical monthly returns and R' is the arithmetic mean of monthly returns.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Volatility →
What does a Volatility of 41.00% mean?
Many Bright Ideas Technologies (MBGNF) has a Volatility of 41.00% as of Jul. 16, 2026. Volatility is measured as the annualized standard deviation between monthly returns from the security over the past year. View historical data on Many Bright Ideas Technologies and its competitors.
Is Many Bright Ideas Technologies' Volatility too high?
Many Bright Ideas Technologies' current Volatility is 41.00%.
How does Many Bright Ideas Technologies' Volatility compare to TMO and DHR?
Many Bright Ideas Technologies' Volatility of 41.00% can be compared against companies in the Medical Diagnostics & Research industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Volatility for a Medical Diagnostics & Research company?
A good Volatility depends on the Medical Diagnostics & Research industry context. However, Volatility should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Volatility mean?
A high Volatility can signal that a stock is expensive relative to its fundamentals. Volatility is measured as the annualized standard deviation between monthly returns from the security over the past year. View historical data on Many Bright Ideas Technologies and its competitors. Many Bright Ideas Technologies's current Volatility is 41.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Many Bright Ideas Technologies stock overvalued right now?
Many Bright Ideas Technologies (MBGNF) has a current Volatility of 41.00%. The current Volatility is 41.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Volatility calculated?
Volatility is calculated from a company's financial statements. For Many Bright Ideas Technologies (MBGNF), the current Volatility is 41.00% as of Jul. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Many Bright Ideas Technologies Business Description

Other Exchanges MBI.H:Canada
Address 598 East Kent Avenue South, Vancouver, BC, CAN, V5X 4V6
Many Bright Ideas Technologies Inc is a Canada-based life science company. It focused on the development and commercialization of genomic-based clinical laboratory diagnostic tests. The company is engaged in managing the license and rights to GeneFx Lung, which is a proprietary gene expression-based test for identifying those patients with early-stage non-small-cell lung cancer.