Buffalo International Correlations

BUIIX Fund

USD 21.39 0.04 0.19%

The current 90-days correlation between Buffalo International and First Trust Specialty is 0.07 (i.e., Significant diversification). The correlation of Buffalo International 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 International Correlation With Market

Very weak diversification

The correlation between Buffalo International and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo International 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 International. 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 gross domestic product.

Moving together with Buffalo Mutual Fund

1.0	BUFIX	Buffalo International	Pair Corr
0.76	RERFX	Europacific Growth	Pair Corr
0.84	AEPFX	Europacific Growth	Pair Corr
0.84	CEUAX	Europacific Growth	Pair Corr
0.86	CEUCX	Europacific Growth	Pair Corr
0.85	RERCX	Europacific Growth	Pair Corr
0.84	REREX	Europacific Growth	Pair Corr
0.83	RERGX	Europacific Growth	Pair Corr
0.84	CEUFX	Europacific Growth	Pair Corr
0.77	CEUEX	Europacific Growth	Pair Corr
0.86	RERAX	Europacific Growth	Pair Corr

Moving against Buffalo Mutual Fund

0.7	BUIHX	Buffalo High Yield	Pair Corr
0.69	BUFDX	Buffalo Dividend Focus	Pair Corr
0.68	BUFHX	Buffalo High Yield	Pair Corr
0.66	BUIDX	Buffalo Dividend Focus	Pair Corr
0.65	BUFMX	Buffalo Mid Cap	Pair Corr
0.64	BUFGX	Buffalo Growth	Pair Corr
0.61	BUIMX	Buffalo Mid Cap	Pair Corr
0.6	BIIGX	Buffalo Growth	Pair Corr
0.52	BUFEX	Buffalo Large Cap	Pair Corr
0.52	BUIEX	Buffalo Large Cap	Pair Corr
0.5	BUFTX	Buffalo Discovery	Pair Corr
0.5	BUITX	Buffalo Discovery	Pair Corr
0.36	BUFOX	Buffalo Emerging Opp	Pair Corr
0.34	BUIOX	Buffalo Early Stage	Pair Corr
0.31	BUFSX	Buffalo Small Cap	Pair Corr
0.31	BUISX	Buffalo Small Cap	Pair Corr
0.85	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.84	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.84	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.84	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.84	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.81	FFRHX	Fidelity Advisor Floating	Pair Corr
0.55	FCNTX	Fidelity Contrafund	Pair Corr
0.51	THLCX	Thrivent Large Cap	Pair Corr
0.44	RSNYX	Victory Global Natural	Pair Corr
0.44	RSNRX	Victory Global Natural	Pair Corr
0.43	RGNCX	Victory Global Natural	Pair Corr
0.35	SMPSX	Semiconductor Ultrasector	Pair Corr
0.35	SMPIX	Semiconductor Ultrasector	Pair Corr

Related Correlations Analysis

	FGB	ICFAX	GCFSX	FYSXX	RPFGX	MSVIX	FIKBX
FGB		0.73	0.78	0.47	0.74	0.68	0.76	FGB
ICFAX	0.73		0.91	0.17	0.93	0.89	0.87	ICFAX
GCFSX	0.78	0.91		0.25	0.98	0.88	0.94	GCFSX
FYSXX	0.47	0.17	0.25		0.23	0.07	0.26	FYSXX
RPFGX	0.74	0.93	0.98	0.23		0.84	0.97	RPFGX
MSVIX	0.68	0.89	0.88	0.07	0.84		0.77	MSVIX
FIKBX	0.76	0.87	0.94	0.26	0.97	0.77		FIKBX
	FGB	ICFAX	GCFSX	FYSXX	RPFGX	MSVIX	FIKBX

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Risk-Adjusted Indicators

There is a big difference between Buffalo Mutual Fund performing well and Buffalo International 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 International'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
FGB	0.71	0.15	0.04	1.11	0.71	(0.88)	1.59	(1.25)	9.47
ICFAX	0.72	(0.02)	(0.01)	0.10	0.74	(0.89)	1.43	(1.21)	5.10
GCFSX	0.68	0.00	(0.01)	0.12	0.65	(0.87)	1.52	(1.51)	4.94
FYSXX	0.03	0.00	0.00	0.47	0.00	0.00	0.00	0.00	1.01
RPFGX	0.80	0.05	0.11	0.16	0.51	(1.00)	1.85	(1.40)	7.59
MSVIX	0.79	(0.07)	(0.04)	0.06	0.84	(0.91)	1.78	(1.41)	5.71
FIKBX	0.83	0.27	0.17	(2.18)	0.50	(1.03)	1.88	(1.15)	9.76

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