Buffalo High Correlations

BUIHX Fund

USD 10.60 0.01 0.09%

The current 90-days correlation between Buffalo High Yield and Horizon Defensive Equity is 0.63 (i.e., Poor diversification). The correlation of Buffalo High 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 High Correlation With Market

Almost no diversification

The correlation between Buffalo High Yield 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 High Yield 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 High Yield. 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 rate.

Moving together with Buffalo Mutual Fund

0.88	BUFSX	Buffalo Small Cap	Pair Corr
0.84	BUFOX	Buffalo Emerging Opp	Pair Corr
0.95	BUFIX	Buffalo International	Pair Corr
1.0	BUFHX	Buffalo High Yield	Pair Corr
0.89	BUFDX	Buffalo Dividend Focus	Pair Corr
0.92	BUFBX	Buffalo Flexible Income	Pair Corr
0.66	BUFTX	Buffalo Discovery	Pair Corr
0.66	BUITX	Buffalo Discovery	Pair Corr
0.88	BUISX	Buffalo Small Cap	Pair Corr
0.84	BUIOX	Buffalo Early Stage	Pair Corr
0.95	BUIIX	Buffalo International	Pair Corr
0.89	BUIDX	Buffalo Dividend Focus	Pair Corr
0.96	AHTCX	American High Income	Pair Corr
0.96	AHTFX	American High Income	Pair Corr
0.96	AHITX	American High Income	Pair Corr
0.96	BHYCX	Blackrock Hi Yld	Pair Corr
0.96	BHYIX	Blackrock High Yield	Pair Corr
0.96	BHYSX	Blackrock Hi Yld	Pair Corr
0.96	BHYAX	Blackrock High Yield	Pair Corr
0.95	VWEHX	Vanguard High Yield	Pair Corr
0.94	VWEAX	Vanguard High Yield	Pair Corr
0.96	PHYZX	Prudential High Yield	Pair Corr
0.9	NHS	Neuberger Berman High	Pair Corr
0.98	SRWAX	Saat Market Growth	Pair Corr
0.91	FCSKX	Franklin Convertible	Pair Corr
0.91	HIIIX	Catalystsmh High Income	Pair Corr
0.98	DALVX	Dunham Large Cap	Pair Corr
0.92	NVHIX	Nuveen Short Duration	Pair Corr
0.94	EMLBX	Mfs Emerging Markets	Pair Corr
0.97	PFPWX	Parnassus Endeavor	Pair Corr
0.96	RCLAX	Conservative Strategy	Pair Corr
0.96	CASAX	Columbia Pacific/asia	Pair Corr

Moving against Buffalo Mutual Fund

0.42

BIIGX

Buffalo Growth

Pair Corr

Related Correlations Analysis

	PTTFX	RPIHX	JASBX	JSHNX	MAPOX	WTIBX	BICSX	STMPX	GIFPX	USRTX
PTTFX		0.8	0.87	0.89	0.83	0.94	0.79	0.76	0.41	0.85	PTTFX
RPIHX	0.8		0.89	0.87	0.94	0.72	0.9	0.91	0.75	0.91	RPIHX
JASBX	0.87	0.89		0.96	0.91	0.8	0.82	0.87	0.6	0.87	JASBX
JSHNX	0.89	0.87	0.96		0.89	0.82	0.8	0.84	0.57	0.86	JSHNX
MAPOX	0.83	0.94	0.91	0.89		0.81	0.92	0.97	0.63	0.95	MAPOX
WTIBX	0.94	0.72	0.8	0.82	0.81		0.78	0.74	0.32	0.81	WTIBX
BICSX	0.79	0.9	0.82	0.8	0.92	0.78		0.88	0.47	0.91	BICSX
STMPX	0.76	0.91	0.87	0.84	0.97	0.74	0.88		0.68	0.9	STMPX
GIFPX	0.41	0.75	0.6	0.57	0.63	0.32	0.47	0.68		0.53	GIFPX
USRTX	0.85	0.91	0.87	0.86	0.95	0.81	0.91	0.9	0.53		USRTX
	PTTFX	RPIHX	JASBX	JSHNX	MAPOX	WTIBX	BICSX	STMPX	GIFPX	USRTX

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Risk-Adjusted Indicators

There is a big difference between Buffalo Mutual Fund performing well and Buffalo High 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 High'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
PTTFX	0.15	0.02	(0.22)	0.46	0.00	(0.22)	0.36	(0.24)	0.72
RPIHX	0.11	0.01	(0.31)	0.17	0.00	(0.19)	0.23	(0.23)	0.92
JASBX	0.09	0.01	(0.14)	0.87	0.00	(0.35)	0.35	(0.34)	0.69
JSHNX	0.08	0.01	0.00	0.62	0.00	0.00	0.35	(0.35)	0.70
MAPOX	0.38	0.04	0.03	0.14	0.28	(0.43)	0.96	(0.59)	2.16
WTIBX	0.15	0.02	(0.19)	0.42	0.00	(0.19)	0.32	(0.31)	0.74
BICSX	0.92	0.23	0.13	0.49	1.24	(0.97)	1.72	(2.07)	5.83
STMPX	0.82	0.12	0.14	0.18	0.64	(0.97)	2.35	(1.57)	5.31
GIFPX	0.06	(0.01)	(0.68)	(1.03)	0.04	(0.14)	0.09	(0.13)	0.82
USRTX	0.48	0.01	(0.01)	0.08	0.55	(0.50)	1.10	(1.07)	2.92

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