Buffalo Small Correlations

BUFSX Fund

USD 15.65 0.19 1.23%

The current 90-days correlation between Buffalo Small Cap and Disciplined Growth Fund is 0.23 (i.e., Modest diversification). The correlation of Buffalo Small 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 Small Correlation With Market

Almost no diversification

The correlation between Buffalo Small Cap and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo Small Cap 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 Small Cap. 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 main economic indicators.

Moving together with Buffalo Mutual Fund

0.9	BUFOX	Buffalo Emerging Opp	Pair Corr
0.75	BUFMX	Buffalo Mid Cap	Pair Corr
0.87	BUFIX	Buffalo International	Pair Corr
0.69	BUFGX	Buffalo Growth	Pair Corr
0.91	BUFHX	Buffalo High Yield	Pair Corr
0.68	BUFEX	Buffalo Large Cap	Pair Corr
0.82	BUFDX	Buffalo Dividend Focus	Pair Corr
0.75	BUFBX	Buffalo Flexible Income	Pair Corr
0.72	BUFTX	Buffalo Discovery	Pair Corr
0.73	BUITX	Buffalo Discovery	Pair Corr
1.0	BUISX	Buffalo Small Cap	Pair Corr
0.76	BUIMX	Buffalo Mid Cap	Pair Corr
0.9	BUIOX	Buffalo Early Stage	Pair Corr
0.88	BUIIX	Buffalo International	Pair Corr
0.91	BUIHX	Buffalo High Yield	Pair Corr
0.82	BUIDX	Buffalo Dividend Focus	Pair Corr
0.75	BUIBX	Buffalo Flexible Income	Pair Corr
0.98	VSGAX	Vanguard Small Cap	Pair Corr
0.98	VSGIX	Vanguard Small Cap	Pair Corr
0.98	VISGX	Vanguard Small Cap	Pair Corr
0.97	VEXPX	Vanguard Explorer	Pair Corr
0.97	VEXRX	Vanguard Explorer	Pair Corr
0.79	JGMIX	Janus Triton	Pair Corr
0.78	JGMRX	Janus Triton	Pair Corr
0.77	JGMAX	Janus Triton	Pair Corr
0.77	JGMCX	Janus Triton	Pair Corr
0.8	JGMNX	Janus Triton	Pair Corr
0.83	FSMMX	Fs Multi Strategy	Pair Corr
0.84	BTMPX	Ishares Msci Eafe	Pair Corr
0.89	BTMKX	Blackrock International	Pair Corr
0.89	MDIIX	Blackrock Intern Index	Pair Corr
0.69	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.69	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.68	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.68	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.87	JMUAX	Janus Multi Sector	Pair Corr
0.76	AQMIX	Aqr Managed Futures	Pair Corr

Related Correlations Analysis

	SIVIX	SSQSX	OISGX	NMIAX	SPWYX	BMEZ	JPDVX	TGDVX	MSMLX	ADSIX
SIVIX		0.62	0.98	0.84	0.93	0.81	0.81	0.91	0.45	0.74	SIVIX
SSQSX	0.62		0.62	0.31	0.57	0.51	0.18	0.46	0.13	0.11	SSQSX
OISGX	0.98	0.62		0.82	0.93	0.83	0.77	0.9	0.37	0.72	OISGX
NMIAX	0.84	0.31	0.82		0.69	0.64	0.93	0.85	0.21	0.89	NMIAX
SPWYX	0.93	0.57	0.93	0.69		0.7	0.69	0.82	0.6	0.66	SPWYX
BMEZ	0.81	0.51	0.83	0.64	0.7		0.61	0.82	0.3	0.56	BMEZ
JPDVX	0.81	0.18	0.77	0.93	0.69	0.61		0.82	0.31	0.95	JPDVX
TGDVX	0.91	0.46	0.9	0.85	0.82	0.82	0.82		0.42	0.76	TGDVX
MSMLX	0.45	0.13	0.37	0.21	0.6	0.3	0.31	0.42		0.29	MSMLX
ADSIX	0.74	0.11	0.72	0.89	0.66	0.56	0.95	0.76	0.29		ADSIX
	SIVIX	SSQSX	OISGX	NMIAX	SPWYX	BMEZ	JPDVX	TGDVX	MSMLX	ADSIX

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Risk-Adjusted Indicators

There is a big difference between Buffalo Mutual Fund performing well and Buffalo Small 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 Small'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
SIVIX	0.79	0.00	0.01	0.05	0.91	(0.83)	2.10	(1.51)	4.56
SSQSX	0.83	(0.07)	0.00	(0.02)	0.00	0.00	2.13	(1.89)	6.87
OISGX	0.95	(0.01)	0.00	0.04	1.12	(1.11)	1.76	(1.86)	5.16
NMIAX	0.72	0.13	0.15	0.16	0.64	(0.88)	1.15	(1.26)	13.61
SPWYX	0.94	(0.06)	(0.04)	(0.01)	1.27	(0.94)	1.94	(1.95)	5.02
BMEZ	0.74	0.02	(0.02)	0.14	0.75	(0.92)	2.10	(1.27)	4.64
JPDVX	0.57	0.18	0.28	0.44	0.00	(0.74)	0.82	(0.73)	14.15
TGDVX	0.61	0.06	0.03	0.56	0.66	(0.68)	1.32	(1.26)	3.30
MSMLX	0.69	0.00	(0.03)	0.04	0.78	(0.75)	1.56	(1.10)	3.13
ADSIX	0.94	0.14	0.10	0.36	0.97	(1.00)	1.41	(1.79)	18.64

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Buffalo Small Correlations

Buffalo Small Correlation With Market

Almost no diversification

Moving together with Buffalo Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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