Buffalo International Fund Market Value
| BUFIX Fund | USD 21.39 0.04 0.19% |
| Symbol | Buffalo |
Buffalo International 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Buffalo International's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Buffalo International.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Buffalo International on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Buffalo International Fund or generate 0.0% return on investment in Buffalo International over 30 days. Buffalo International is related to or competes with Europacific Growth, Europacific Growth, Europacific Growth, Europacific Growth, and Europacific Growth. The fund primarily invests in equity securities, consisting of common stocks, preferred stocks, convertible securities, ... More
Buffalo International Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Buffalo International's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Buffalo International Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 3.87 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 0.9941 |
Buffalo International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Buffalo International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Buffalo International's standard deviation. In reality, there are many statistical measures that can use Buffalo International historical prices to predict the future Buffalo International's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.19) |
Buffalo International Backtested Returns
Buffalo International secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the fund had a -0.14% return per unit of standard deviation over the last 3 months. Buffalo International Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Buffalo International's risk adjusted performance of (0.09), and Mean Deviation of 0.6519 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Buffalo International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Buffalo International is expected to be smaller as well.
Auto-correlation | 0.31 |
Below average predictability
Buffalo International Fund has below average predictability. Overlapping area represents the amount of predictability between Buffalo International time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Buffalo International price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Buffalo International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Buffalo International lagged returns against current returns
Autocorrelation, which is Buffalo International mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Buffalo International's mutual fund expected returns. We can calculate the autocorrelation of Buffalo International returns to help us make a trade decision. For example, suppose you find that Buffalo International has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Buffalo International regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Buffalo International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Buffalo International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Buffalo International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Buffalo International Lagged Returns
When evaluating Buffalo International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Buffalo International mutual fund have on its future price. Buffalo International autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Buffalo International autocorrelation shows the relationship between Buffalo International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Buffalo International Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Buffalo Mutual Fund
Buffalo International financial ratios help investors to determine whether Buffalo Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Buffalo with respect to the benefits of owning Buffalo International security.
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