Buffalo Emerging Correlations

BUFOX Fund

USD 17.24 0.16 0.94%

The current 90-days correlation between Buffalo Emerging Opp and Buffalo Mid Cap is 0.2 (i.e., Modest diversification). The correlation of Buffalo Emerging 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Buffalo Emerging Correlation With Market

Average diversification

The correlation between Buffalo Emerging Opportunities and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo Emerging Opportunities and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Buffalo Emerging Opportunities. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Buffalo Mutual Fund

0.64	BUFSX	Buffalo Small Cap	Pair Corr
0.66	BUFMX	Buffalo Mid Cap	Pair Corr
0.62	BUFGX	Buffalo Growth	Pair Corr
0.81	BUFDX	Buffalo Dividend Focus	Pair Corr
0.61	BUFBX	Buffalo Flexible Income	Pair Corr
0.88	BUISX	Buffalo Small Cap	Pair Corr
0.67	BUIMX	Buffalo Mid Cap	Pair Corr
1.0	BUIOX	Buffalo Early Stage	Pair Corr
0.81	BUIEX	Buffalo Large Cap	Pair Corr
0.85	BUIDX	Buffalo Dividend Focus	Pair Corr
0.7	BUIBX	Buffalo Flexible Income	Pair Corr
0.69	BIIGX	Buffalo Growth	Pair Corr
0.81	VSGAX	Vanguard Small Cap	Pair Corr
0.76	VSGIX	Vanguard Small Cap	Pair Corr
0.76	VISGX	Vanguard Small Cap	Pair Corr
0.7	VEXPX	Vanguard Explorer	Pair Corr
0.77	VEXRX	Vanguard Explorer	Pair Corr
0.68	JGMNX	Janus Triton	Pair Corr
0.71	JHBCX	Jhancock Blue Chip	Pair Corr

Moving against Buffalo Mutual Fund

0.59	NTG	Tortoise Mlp Closed	Pair Corr
0.56	TTP	Tortoise Pipeline And	Pair Corr
0.51	BCMIX	Brown Capital	Pair Corr
0.31	SSAGX	Virtus Seix Government	Pair Corr

Related Correlations Analysis

	BUFMX	BUFSX	BUFEX	BUFTX	BUFBX
BUFMX		0.67	0.61	0.99	0.95	BUFMX
BUFSX	0.67		0.82	0.62	0.74	BUFSX
BUFEX	0.61	0.82		0.58	0.64	BUFEX
BUFTX	0.99	0.62	0.58		0.94	BUFTX
BUFBX	0.95	0.74	0.64	0.94		BUFBX
	BUFMX	BUFSX	BUFEX	BUFTX	BUFBX

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Risk-Adjusted Indicators

There is a big difference between Buffalo Mutual Fund performing well and Buffalo Emerging Mutual Fund 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 Buffalo Emerging's 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
BUFMX	0.77	(0.05)	0.00	(0.19)	0.00	0.00	1.38	(1.82)	9.25
BUFSX	0.90	0.06	0.01	0.24	1.18	(0.93)	1.78	(1.76)	8.58
BUFEX	0.85	0.02	(0.02)	0.16	1.26	(0.90)	1.54	(1.95)	5.96
BUFTX	0.89	(0.09)	0.00	(0.28)	0.00	0.00	1.56	(1.81)	12.29
BUFBX	0.49	(0.02)	(0.12)	0.01	0.68	(0.54)	0.84	(0.91)	3.52

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