Buffalo Discovery Fund Market Value
| BUFTX Fund | USD 24.71 0.38 1.56% |
| Symbol | Buffalo |
Buffalo Discovery '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 Discovery'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 Discovery.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in Buffalo Discovery on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding Buffalo Discovery Fund or generate 0.0% return on investment in Buffalo Discovery over 720 days. Buffalo Discovery is related to or competes with Buffalo Mid, Large Cap, Buffalo Small, Schwab Health, and Akre Focus. The fund principally invests in equity securities, consisting of common stock, preferred stock, convertible securities, ... More
Buffalo Discovery 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 Discovery'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 Discovery Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.29 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.56 |
Buffalo Discovery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Buffalo Discovery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Buffalo Discovery's standard deviation. In reality, there are many statistical measures that can use Buffalo Discovery historical prices to predict the future Buffalo Discovery's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Buffalo Discovery's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Buffalo Discovery Backtested Returns
Buffalo Discovery secures Sharpe Ratio (or Efficiency) of -0.0106, which signifies that the fund had a -0.0106 % return per unit of standard deviation over the last 3 months. Buffalo Discovery Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Buffalo Discovery's risk adjusted performance of (0), and Mean Deviation of 0.9433 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.87, which signifies possible diversification benefits within a given portfolio. Buffalo Discovery returns are very sensitive to returns on the market. As the market goes up or down, Buffalo Discovery is expected to follow.
Auto-correlation | -0.33 |
Poor reverse predictability
Buffalo Discovery Fund has poor reverse predictability. Overlapping area represents the amount of predictability between Buffalo Discovery time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st of January 2025. 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 Discovery price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Buffalo Discovery price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.75 |
Buffalo Discovery lagged returns against current returns
Autocorrelation, which is Buffalo Discovery 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 Discovery's mutual fund expected returns. We can calculate the autocorrelation of Buffalo Discovery returns to help us make a trade decision. For example, suppose you find that Buffalo Discovery 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 Discovery 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 Discovery mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Buffalo Discovery 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 Discovery mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Buffalo Discovery Lagged Returns
When evaluating Buffalo Discovery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Buffalo Discovery mutual fund have on its future price. Buffalo Discovery 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 Discovery autocorrelation shows the relationship between Buffalo Discovery mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Buffalo Discovery 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 Discovery 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 Discovery security.
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