Buffalo Dividend Correlations

BUIDX Fund

USD 33.91 0.03 0.09%

The current 90-days correlation between Buffalo Dividend Focus and Gabelli Global Financial is 0.71 (i.e., Poor diversification). The correlation of Buffalo Dividend 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 Dividend Correlation With Market

Almost no diversification

The correlation between Buffalo Dividend Focus and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo Dividend Focus 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 Dividend Focus. 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 unemployment.

Moving together with Buffalo Mutual Fund

0.83	BUFSX	Buffalo Small Cap	Pair Corr
0.81	BUFOX	Buffalo Emerging Opp	Pair Corr
0.94	BUFMX	Buffalo Mid Cap	Pair Corr
0.93	BUFGX	Buffalo Growth	Pair Corr
0.89	BUFHX	Buffalo High Yield	Pair Corr
0.95	BUFEX	Buffalo Large Cap	Pair Corr
0.97	BUFDX	Buffalo Dividend Focus	Pair Corr
0.96	BUFTX	Buffalo Discovery	Pair Corr
0.96	BUITX	Buffalo Discovery	Pair Corr
0.83	BUISX	Buffalo Small Cap	Pair Corr
0.96	BUIMX	Buffalo Mid Cap	Pair Corr
0.86	BUIOX	Buffalo Early Stage	Pair Corr
0.89	BUIHX	Buffalo High Yield	Pair Corr
0.95	BUIEX	Buffalo Large Cap	Pair Corr
0.95	BIIGX	Buffalo Growth	Pair Corr
0.98	VTSAX	Vanguard Total Stock	Pair Corr
0.95	VFIAX	Vanguard 500 Index	Pair Corr
0.98	VTSMX	Vanguard Total Stock	Pair Corr
0.98	VITSX	Vanguard Total Stock	Pair Corr
0.98	VSMPX	Vanguard Total Stock	Pair Corr
0.98	VSTSX	Vanguard Total Stock	Pair Corr
0.95	VFINX	Vanguard 500 Index	Pair Corr
0.98	VFFSX	Vanguard 500 Index	Pair Corr
0.98	VINIX	Vanguard Institutional	Pair Corr
0.98	VIIIX	Vanguard Institutional	Pair Corr
0.81	FTYPX	Fidelity Freedom Index	Pair Corr
0.76	FFBTX	Fidelity Freedom Blend	Pair Corr
0.89	GCAVX	Gmo Small Cap	Pair Corr
0.67	GQLOX	Gmo Quality Fund	Pair Corr
0.72	GHVIX	Gmo High Yield	Pair Corr
0.93	GMCQX	Gmo Equity Allocation	Pair Corr

Moving against Buffalo Mutual Fund

0.67	BUFIX	Buffalo International	Pair Corr
0.66	BUIIX	Buffalo International	Pair Corr
0.84	GABFX	Gmo Asset Allocation	Pair Corr
0.59	GAAVX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	GCFSX	XFINX	FIKBX	FGB	JFIFX	TFIFX	HILFX	ICFAX
GCFSX		0.67	0.94	0.78	0.97	0.94	0.95	0.91	GCFSX
XFINX	0.67		0.65	0.7	0.65	0.66	0.59	0.56	XFINX
FIKBX	0.94	0.65		0.76	0.97	1.0	0.97	0.87	FIKBX
FGB	0.78	0.7	0.76		0.76	0.77	0.7	0.73	FGB
JFIFX	0.97	0.65	0.97	0.76		0.97	0.99	0.92	JFIFX
TFIFX	0.94	0.66	1.0	0.77	0.97		0.96	0.87	TFIFX
HILFX	0.95	0.59	0.97	0.7	0.99	0.96		0.9	HILFX
ICFAX	0.91	0.56	0.87	0.73	0.92	0.87	0.9		ICFAX
	GCFSX	XFINX	FIKBX	FGB	JFIFX	TFIFX	HILFX	ICFAX

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Risk-Adjusted Indicators

There is a big difference between Buffalo Mutual Fund performing well and Buffalo Dividend 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 Dividend'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
GCFSX	0.68	0.00	(0.01)	0.12	0.65	(0.87)	1.52	(1.51)	4.94
XFINX	0.11	0.02	(0.25)	0.97	0.13	(0.13)	0.22	(0.14)	1.00
FIKBX	0.83	0.27	0.17	(2.18)	0.50	(1.03)	1.88	(1.15)	9.76
FGB	0.71	0.15	0.04	1.11	0.71	(0.88)	1.59	(1.25)	9.47
JFIFX	0.85	0.09	0.16	0.18	0.54	(0.98)	1.87	(1.35)	9.78
TFIFX	0.80	0.25	0.14	(2.17)	0.53	(0.94)	1.68	(1.29)	8.41
HILFX	1.10	0.08	0.18	0.16	0.72	(1.35)	2.60	(1.60)	13.68
ICFAX	0.72	(0.02)	(0.01)	0.10	0.74	(0.89)	1.43	(1.21)	5.10

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