Buffalo Mid Cap Fund Market Value
| BUFMX Fund | USD 18.07 0.25 1.36% |
| Symbol | Buffalo |
Buffalo Mid '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 Mid'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 Mid.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Buffalo Mid on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Buffalo Mid Cap or generate 0.0% return on investment in Buffalo Mid over 360 days. Buffalo Mid is related to or competes with Buffalo Small, Buffalo Discovery, Buffalo Growth, Buffalo Large, and Buffalo Emerging. The fund invests at least 80 percent of its net assets in equity securities, consisting of common stocks, preferred stoc... More
Buffalo Mid 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 Mid'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 Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8891 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.33 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.32 |
Buffalo Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Buffalo Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Buffalo Mid's standard deviation. In reality, there are many statistical measures that can use Buffalo Mid historical prices to predict the future Buffalo Mid's volatility.| Risk Adjusted Performance | 0.1017 | |||
| Jensen Alpha | 0.081 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.8457 |
Buffalo Mid Cap Backtested Returns
At this stage we consider Buffalo Mutual Fund to be very steady. Buffalo Mid Cap secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the fund had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Buffalo Mid Cap, which you can use to evaluate the volatility of the entity. Please confirm Buffalo Mid's mean deviation of 0.598, and Risk Adjusted Performance of 0.1017 to double-check if the risk estimate we provide is consistent with the expected return of 0.0963%. The fund shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Buffalo Mid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Buffalo Mid is expected to be smaller as well.
Auto-correlation | 0.24 |
Weak predictability
Buffalo Mid Cap has weak predictability. Overlapping area represents the amount of predictability between Buffalo Mid time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Mid Cap price movement. The serial correlation of 0.24 indicates that over 24.0% of current Buffalo Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Buffalo Mid Cap lagged returns against current returns
Autocorrelation, which is Buffalo Mid 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 Mid's mutual fund expected returns. We can calculate the autocorrelation of Buffalo Mid returns to help us make a trade decision. For example, suppose you find that Buffalo Mid 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 Mid 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 Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Buffalo Mid 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 Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Buffalo Mid Lagged Returns
When evaluating Buffalo Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Buffalo Mid mutual fund have on its future price. Buffalo Mid 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 Mid autocorrelation shows the relationship between Buffalo Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Buffalo Mid Cap.
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 Mid 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 Mid security.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |