A basis point is 0.01% absolute risk, so 0.12 basis points corresponds to 0.0012% change in absolute risk, or 1 in (1 / (0.0012/100)) = 1 in 83,000 change in absolute risk.
A basis point is 0.01% absolute risk, so 0.12 basis points corresponds to 0.0012% change in absolute risk, or 1 in (1 / (0.0012/100)) = 1 in 83,000 change in absolute risk.